Wang Chuan: Why is it possible for profits to double but stock prices to increase nine times? The cryptocurrency market is mainly characterized by optimistic market expectations, loose monetary policy, and the entry of new large buyers. 5/In the long run, the reasons why there are more buyers than sellers include, but are not limited to: =>Profit growth in the future exceeds expectations (the core long-term driving force) =>Price to earnings ratio expansion (market expectations are more optimistic) =>Mergers and acquisitions (with new major buyers entering) =>Continuous stock buybacks by the company, reducing the number of outstanding shares (being a new buyer and increasing EPS per share) =>The central bank's monetary policy has become loose, forcing liquidity to flood in =>The Ministry of Finance has significantly increased expenses, indirectly increasing the company's revenue.