Zhao Changpeng's words directly stirred up the crypto market.

The founder of a leading exchange recently dropped a line on social media: "I predict there will soon be more historical highs, just don't know the exact time." According to ChainCatcher, just one hour after these words were spoken, $370 million flooded into the contract market for long positions. Last year, when he said the bull market hadn't started yet, Bitcoin jumped directly from $60,000 to $120,000. The timing of this statement is worth pondering— the market has just pulled back from a high of over $100,000, and retail investors are still on the sidelines, yet he has begun to speak up.

On the other hand, Musk directly shifted the topic to a more macro level. He focused on the United States' $38.3 trillion debt and said, "Bitcoin is anchored to energy, and you can't regulate energy with laws." Behind this statement lies his complete distrust of the traditional financial system—an annual deficit of $2 trillion, with debt interest higher than the defense budget. He even predicts that within three years, AI will allow goods production to outpace inflation, ultimately driving interest rates down to zero. The implication is clear: fiat currency is bound to collapse, and Bitcoin is the safe haven.

Interestingly, institutions have already been taking action. Bank of America suggests that clients allocate 4% of their assets to Bitcoin, and the Abu Dhabi sovereign fund has also quietly entered the market. MicroStrategy accumulated another 388 Bitcoins last week, completely indifferent to price fluctuations.

The current situation is very delicate: Zhao Changpeng is betting on the cyclical inertia of the crypto market, while Musk is betting on the systemic risks of traditional finance. The former provides confidence, and the latter provides logic. The combination of these two forces directly amplifies market sentiment. Bitcoin has been hovering around 100,000 after a pullback from 120,000, institutions are scrambling to accumulate, and retail investors are hesitating. Who's judgment will materialize first?