#数字资产行情上升 Global financial winds are shifting dramatically, and a big wave is about to hit.

The past couple of days have been quite active in the market. Trump’s overseas policy adjustments instantly triggered a surge in US stock futures, with capital expressing anxiety through real actions. In urgent moments, the Federal Reserve has stepped in. Former hawkish representative Kashkari suddenly changed his stance: instead of stubbornly defending inflation, it’s better to ease the pressure on the unemployment rate. In short, interest rate cuts are on the horizon.

Wall Street responded swiftly. The Dow Jones and S&P 500 hit new highs, appearing to be in a period of prosperity. But beneath this prosperity, undercurrents are brewing.

The most direct signal is the frantic rise in gold and silver prices. Gold is approaching its historical peak — this is not just a safe-haven sentiment, but a collective vote by global investors on the dollar’s purchasing power. Even more alarming is the data showing that the dollar’s share in global central bank foreign exchange reserves has fallen to 42%, the lowest in nearly 25 years.

The actions of various central banks tell the story. They are aggressively accumulating gold, turning “de-dollarization” from slogans into concrete actions. Trump’s side is planning energy strategies, attempting to ease fiscal pressure through oil disputes. On the surface, it’s a gamble; fundamentally, the US is maintaining its financial dominance through unconventional means.

But the reality is cold: even if US stocks reach new heights, when measured by gold, the ultimate store of value, real wealth is shrinking.

However, don’t be overly pessimistic. The US dollar as a large ship is still “big but cannot sink,” and the global financial system is still difficult to disentangle from the dollar overnight. This pattern is unlikely to change in the short term.

The real risk lies far away: once de-dollarization reaches a critical point, and if the gold standard or silver standard truly makes a comeback, then the frenzy of dollar-denominated assets could instantly lose its meaning. The value anchors of crypto assets like $PEPE and $ZKP will also be redefined.

The essence of wealth is not in the numbers on the books. When the market shifts, what do you truly own? This is the most important question to ponder. In this major cyclical change, staying vigilant and rational is far more important than blindly following the trend.