In recent years, the global economic situation has become increasingly complex. To understand what might happen next, we need to start from several key risk points.

First, let's talk about tariffs. If a major country’s aggressive tax policies are actually implemented, the US fiscal deficit will expand again, directly leading to continued growth in US debt. As US bond yields soar and attractiveness declines, global risk-free rates will rise accordingly, putting pressure on all risk assets. But here’s an interesting twist—cryptocurrencies, precisely because of their "out-of-system" nature, might actually become a hedging tool for institutions and individuals.

Next, consider the global bond market. Once US and European bonds start to be heavily sold off, the traditional financial system will lose its anchor. Funds that demand the highest security and absolute scarcity will begin to seriously scrutinize Bitcoin. It’s no longer just speculation but being genuinely regarded as the "ultimate bond of the digital age."

There’s also a deeper possibility—reassessment of gold reserves. If the US revalues its gold holdings to the trillions of dollars level, it’s like a global showdown: fiat currencies are truly depreciating. This moment might be the best opportunity for Bitcoin to transition from a "virtual asset" to "Digital Gold 2.0." When traditional assets are bleeding out, scarce and non-inflatable assets are the real value anchors.

What’s your view? If the financial system really experiences a major crack, what would be your response strategy?