Venezuela's inflation rate surpasses the 500% mark, which is a signal that cannot be ignored. In a high inflation environment, the local asset purchasing power declines sharply, and more and more people are turning to digital assets as a store of value. Similar economic pressures are being repeated in many parts of the world, driving the adoption of cryptocurrencies in emerging markets. This also reminds us to pay attention to how macroeconomic cycles shape the demand structure of the crypto market.