Philippines recently launched its first dollar banknote promotion activity in a year, which seems somewhat bold in the current market environment. After Trump reignited the US-EU trade dispute, government bond yields rose sharply, putting risk assets under pressure. In this context, whether the new currency can gain market acceptance depends on investors' attitudes. In a high-yield environment, the attractiveness of traditional assets increases, and risk assets such as cryptocurrencies face greater competitive pressure. Market sentiment fluctuations directly affect the flow of funds.