Wu said that according to an XWIN Research Japan report, the US money supply has surpassed $22.6 trillion and reached a record high. XWIN stated that since the 2008 financial crisis, the US money supply has nearly tripled, while the dollar's purchasing power has decreased by about 38% over the same period, indicating that structural inflation and currency devaluation pressures are still accumulating. Against this backdrop, Bitcoin's long-term price is expected to benefit from both liquidity expansion and network growth, and is seen as an asset with both anti-devaluation properties and network effects. However, XWIN also warned that recent liquidity growth has been driven more by government debt rather than organic credit expansion, and its sustainability remains uncertain.