About the Book
本研报由刘教链（公众号：刘教链）独家出品，每年12月份面向刘教链的星球会员首发。一年后公开发布。
写年终研报始于2020年。从自己复盘，慢慢变成为社区服务。加密技术把资产管理的责任交到了主权个体的手上，而普通投资者却无法像专业机构那样花费巨资雇佣研究团队来为自己的投资提供情报和分析支持。市场上许多面向散户的投资研究又多是拿项目方或者大平台的钱发布所谓第三方研究报告，实则是替项目方站台和说话，无法做到真正站在个人投资者的立场。还有就是，很多分析师本身并不实操，不重仓，不盈利，所写的研报也就只能是纸上谈兵，高高在上，不接地气，缺乏实战思考和感悟。
基于上述现实，教链意识到，自己作为一个独立的加密投资人，以及不被任何项目方或平台“包养”的独立研究者，吃的是读者和会员的饭，立场必然是全心全意站在读者和会员这一边，这使得教链的复盘报告如果分享给大家，就会是市场上难以见到的，真正具有普通投资者立场（民众立场）的，知行合一、实事求是、不脱离实际的，独立判断、独特思想的，从骨子与众不同的报告。
因此，这个年终报告，教链决定每年坚持，并以合适的方式、面向合适的圈层进行分享，以作交流探讨，也算对行业尽一丝绵薄之力。
About the Author
Table of Contents
目录
第一部分 宏观经济政策
1、美联储加息中道崩殂，全年缩表不挡市场走牛
2、Gary Gensler上任SEC主席后频频出手出人意料，现货ETF成最大焦点
3、美债纪律已成笑话，美国难以支撑两线作战，美元霸权正在松动，美集团撕裂内斗或愈加激烈
第二部分 行业发展趋势
1、比特币2023年选择了稳步复苏，表现符合预期，明年减半或与宏观经济共振，吹响新周期牛市号角
2、比特币生态奏响序曲，2024或在争议中继续成长，直至有所建树
3、以太坊转PoS之后未遭市场认可，结算层和低碳叙事仍需找到买单方
4、DeFi仍是黄金赛道，Uniswap V4/X潜力尚待挖掘，Maker继续领跑RWA叙事，转折点或于2024年出现
5、其他：新公链、NFT、稳定币等
5.1 新公链
5.2 NFT
5.3 稳定币
Within 60 days of purchase you can get a 100% refund on any Leanpub purchase, in two clicks.
Now, this is technically risky for us, since you'll have the book or course files either way. But we're so confident in our products and services, and in our authors and readers, that we're happy to offer a full money back guarantee for everything we sell.
You can only find out how good something is by trying it, and because of our 100% money back guarantee there's literally no risk to do so!
So, there's no reason not to click the Add to Cart button, is there?
See full terms...
We pay 80% royalties on purchases of $7.99 or more, and 80% royalties minus a 50 cent flat fee on purchases between $0.99 and $7.98. You earn $8 on a $10 sale, and $16 on a $20 sale. So, if we sell 5000 non-refunded copies of your book for $20, you'll earn $80,000.
(Yes, some authors have already earned much more than that on Leanpub.)
In fact, authors have earned over $15 million writing, publishing and selling on Leanpub.
Learn more about writing on Leanpub
If you buy a Leanpub book, you get free updates for as long as the author updates the book! Many authors use Leanpub to publish their books in-progress, while they are writing them. All readers get free updates, regardless of when they bought the book or how much they paid (including free).
Most Leanpub books are available in PDF (for computers) and EPUB (for phones, tablets and Kindle). The formats that a book includes are shown at the top right corner of this page.
Finally, Leanpub books don't have any DRM copy-protection nonsense, so you can easily read them on any supported device.
Learn more about Leanpub's ebook formats and where to read them
You can use Leanpub to easily write, publish and sell in-progress and completed ebooks and online courses!
Leanpub is a powerful platform for serious authors, combining a simple, elegant writing and publishing workflow with a store focused on selling in-progress ebooks.
Leanpub is a magical typewriter for authors: just write in plain text, and to publish your ebook, just click a button. (Or, if you are producing your ebook your own way, you can even upload your own PDF and/or EPUB files and then publish with one click!) It really is that easy.
