Warning on the Reversal Risk of Tariff Policies: A significant voice has emerged from the U.S. policy level, suggesting that if the Supreme Court overturns the current tariff policy framework, the U.S. government could face potential debts amounting to hundreds of billions or even trillions of dollars. This is directly pointed out as a national security-level crisis—the scale is so large that it is almost unmanageable.

Such drastic changes in macro policies often impact global capital market expectations. From the perspective of the crypto market, the risk of large-scale U.S. debt and the direction of dollar policy have always been key factors influencing the asset allocation of BTC, ETH, and other mainstream assets. Investors need to closely monitor subsequent policy implementations and assess the potential impact on risk assets.