一个令人震撼的宏大叙事正在席卷币圈：加密货币有望在2026年加入“大而不能倒”

Core Viewpoint - The article discusses the potential integration of the cryptocurrency market into the "Too Big to Fail" financial system by 2026 under former President Donald Trump, highlighting the growing importance of cryptocurrencies in the financial landscape [1]. Group 1: Current State of Cryptocurrency - The cryptocurrency market has significantly changed since the collapse of FTX in 2022, with Trump and his family having deep ties to the industry [1]. - Following Trump's anticipated victory in the 2024 election, the total market capitalization of digital assets, including Bitcoin and Ethereum, surged by $1.2 trillion within a year [2]. - The Trump administration has been supportive of the cryptocurrency sector, prioritizing legislation to provide a solid legal foundation for stablecoins and dollar-backed cryptocurrencies [2]. Group 2: Potential Triggers for Market Intervention - The cryptocurrency market is susceptible to triggers that could prompt government intervention, such as a run on major stablecoins like Tether, which has a market cap of approximately $180 billion [3]. - Concerns about Tether's liquidity could lead to significant impacts on the broader financial market, including U.S. Treasury markets [4]. - A major cryptocurrency exchange's collapse could have catastrophic effects on the entire cryptocurrency ecosystem, as highlighted by the European Systemic Risk Board [5]. Group 3: Proposed Government Intervention Mechanisms - Trump's potential "Too Big to Fail" rescue system could mirror past interventions during financial crises, offering loans backed by high-quality assets to alleviate liquidity fears [6]. - The establishment of a "Strategic Bitcoin Reserve" or "Digital Asset Stockpile" could provide a safety net for the market, integrating government-held cryptocurrencies [7]. - Political motivations for intervention are strong, especially with a significant portion of the U.S. population holding cryptocurrencies and the potential for public backlash against market failures [8].