I also found it quite unbelievable before: how could the Zhejiang Financial Assets Exchange Center, with a yield of only 4% to 5%, also collapse? During this trip back to China, I talked to many friends who work in securities firms and banks, and learned that bank wealth management products generally only offer around 1.5% to 2% returns. Many wealthy people have large amounts of money in their hands but can't find reliable ways to generate income. They actually wanted to crypto, but the reality was: they didn't understand it, they didn't dare to, and there wasn't a truly compliant and user-friendly entry point. Those inside the besieged city want to get out, while those outside want to get in. When will China open its borders? Maybe then $BTC it really will break through $300,000? However, just thinking about it is difficult, very difficult.

The six major domestic banks no longer offer five-year fixed deposits. Today, 36Kr published a news article about opening Hong Kong bank cards for the sake of a "relatively high interest rate" of less than 5%. Frankly speaking, for ordinary people in China, it's practically impossible to find stable annualized wealth management products with returns above 3%.

Bitcoin will definitely reach 300,000 in the future.