Viewpoint: Part of the reason for Bitcoin's recent rise is that investors are seeking alternatives to US assets

According to Reuters, the US fiscal concerns and the tepid auction of US treasury bond bonds, as well as Trump's attempt to push Congress to pass its comprehensive spending and tax reduction bill, led to the decline of the US dollar. Against this background, Bitcoin broke through 110000 US dollars on Thursday and hit a record high, partly because investors sought alternatives to US assets, and also released signals that the bull market of cryptocurrency still has room for further growth. These signals include: the general recovery of the stock market, the reinvestment of funds in Bitcoin ETFs, and the increasing number of listed companies holding Bitcoin.