Today is December 12th, BTC price is 92,080

Let's talk about 26 years initially. 25 was indeed poor; at the beginning of the year, BTC was over 80,000, and by the end of the year, over 90,000. Unfortunately, it didn't outperform the big A, let alone the US stock market. I believe 26 will be a turbulent and magnificent year, as the shift from carbon-based to silicon-based grand plans are gradually unfolding.
Domestically, the top priority is to expand domestic demand and technological competition. The new five-year plan aims to reach the level of a moderately developed country. The most effective way to achieve common prosperity and distribute wealth is through the stock market. Don't ask why—experience (when stocks are rising daily, people want to spend). The same applies to US stocks. In this race from carbon to silicon, full effort is a must.
People worry that the Fed's interest rate cuts in 26 will be conservative. I believe quite the opposite. In 26, whether in terms of geopolitical issues or technological revolutions, if the US wants to maintain unilateralism and dollar hegemony, it will need to spend a lot. Being strangled by liquidity? Crazy. Once the US loses, the dollar's international status will be gone. Which is more important?
Let me give an example: if we toss a stone into a calm lake, the stone represents the Fed's liquidity injections. The closest wave is the US stock market, followed by ripples outward. The outermost layer is cryptocurrencies. Risk assets have always been in this position—they arrive the slowest but disappear the fastest. But the waves are also the largest. For reference, precious metals and commodities are areas covered by large waves. BTC was created to curb excessive money supply and will inevitably become one of the most important assets at critical moments.
I don't understand quantum computers very well, but the biggest threat to BTC from quantum computing is this one. Of course, I believe there will be new protective technologies; otherwise, any financial or network system could be compromised, just like nuclear weapons—use it against me, and I'll use it against you.
To summarize: in 26, regardless of geopolitics or technological competition, countries will adopt loose monetary policies. From great power rivalries to camp battles, no one will care about minor details. Based on the results, this race from silicon to carbon will involve unlimited investment. So, money will inevitably be oversupplied, and liquidity will spill over into BTC. This is a new era crossing, and it is inevitable.