In recent years, a peculiar statement has prevailed in the crypto world: "If Chinese investors do not buy Bitcoin, it will continue to pump; once the Chinese get on board, they will fall into the trap set by Americans, leading to a market collapse." This viewpoint is even regarded by some as an investment guideline, becoming a hot topic over tea and meals. However, this seemingly reasonable assertion is actually a highly misleading pseudo-logic.

As a global digital asset, the price trend of Bitcoin is influenced by multiple factors, far from being simply explained by national factors. In fact, the Bitcoin market has its inherent cyclical fluctuations, including the alternation of bull and bear markets. This cyclicality is more influenced by complex factors such as the global macroeconomic environment, regulatory policies of various countries, and large-scale capital flows, rather than the level of participation of investors from a specific country.

Attributing the rise and fall of Bitcoin to whether "Chinese people are participating" is not only overly simplistic but also a misunderstanding of market rules. This viewpoint ignores the global nature of the crypto assets market and underestimates the diverse factors that influence the market. To truly understand Bitcoin investment, we need to step out of narrow regional thinking and examine it from the perspective of global asset allocation.

Investors should focus on the fundamentals of Bitcoin, technical developments, adoption rates, and other core indicators, rather than being blinded by baseless conspiracy theories. Only investment decisions based on objective analysis and rational judgment can take the initiative in this market full of opportunities and challenges.

In the face of the complex and diverse market information, it is crucial to maintain clarity and independent thinking. We should abandon those overly simplistic market "theories" and instead delve into understanding the essence of Bitcoin as a global digital asset, as well as the multidimensional factors that influence its value. Only in this way can we make informed investment decisions in the rapidly changing crypto world.