Bitcoin

In recent years, as a global financial center, the United States has become more and more influential in crypto assets. Not only are crypto assets priced in US dollars, but the spot ETFs of crypto assets listed on the US stock market have flowed into hundreds of billions of funds, and a large number of US listed companies and financial institutions hold bitcoins.

While the United States is increasingly supervising and controlling crypto assets such as bitcoin and the upstream and downstream of the market industry, people are also beginning to worry and even think that this will become a tool for the United States to harvest the world like the dollar.

This concern is indeed reasonable, the greater the right to speak, the more it can influence the crypto market, so the global retail investors are "harvested" is just a matter of reach. Referring to the previous US harvesting logic, the United States has attracted global funds to the virtual currency market through financial innovation and dollar hegemony, and if the price of crypto assets plummets, it may eventually lead to the return of capital to US dollar assets, which to some extent is indeed in line with the logic of "dollar harvesting".