2026-01-06 11:26:08

Recently, while reviewing macroeconomic models, I want to correct a previous point of view. We are not entering a period of hyperinflation; more accurately, it should be a period of significant devaluation of global fiat currencies.

The most direct evidence is the trend of gold and 10-year government bond yields. From 2000 to 2020, during the twenty years of globalization, these two indicators generally moved inversely, with U.S. Treasuries always serving as a safe haven. But now, things are different. Faced with increasing uncertainty, global central banks and sovereign funds' first response is to buy gold, no longer blindly favoring bonds. This signal is very clear — the rules have changed.

The upward cycle of gold is far from over; this is a long-term structural trend. Frankly, it’s not just the US dollar depreciating; all global fiat currencies are devaluing against each other, like a "who’s more worthless" competition. In this context, gold, as a benchmark asset against the dollar, is on a definite upward trajectory. There will certainly be major pullbacks in the middle, which will be the best buying opportunities.

In fact, the story of BTC and ETH has just begun. In the short term, crypto asset prices mainly depend on liquidity, but looking at the long term, BTC will gradually evolve into a hedge against government credit, just like gold. The difference is that the potential upside for crypto assets is much larger than gold. This is also a structural opportunity, just with a longer time horizon and greater imagination space.

That’s the underlying logic, think about it carefully.

BTC-0,01%

ETH-1,31%

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AirdropFreedom

· 01-07 21:13

Fiat currency devaluation race, gold and BTC are the real winners --- The rules have really changed, central banks are now stockpiling gold --- Who’s worse? Haha, that’s a perfect analogy --- In the long run, BTC’s potential is indeed much greater than gold --- Wait for a major correction before buying in, this is a clear strategy --- I think this logic holds up; liquidity definitely influences short-term movements --- Cryptocurrencies hedge against government credit; thinking about it, it’s quite interesting --- A decade of inverse government bonds for gold; this signal is definitely worth pondering --- Structural opportunities are just afraid of taking too long; I can’t wait --- Using dollar devaluation as a benchmark perspective is fresh; long-term bullishness is fine

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SchroedingerMiner

· 01-06 20:04

I agree with this logic; the fiat currency devaluation race is really outrageous. --- Has gold peaked? Can it still go up afterward? --- BTC is the real safe-haven asset; gold is an old relic. --- A pullback is a good time to buy in—simple and straightforward. --- The phrase "rules change" really hit me; it's indeed strange that central banks are all competing for gold. --- Crypto assets want to replace gold? That's still a long way off. --- Fiat currencies devalue against each other, but we miners actually profit—haha. --- The term "structural opportunity" has been overused; let's say something fresh. --- Liquidity determines price—that's without question. --- If not inflation, then call it "fiat currency devaluation"—just a terminology game.

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Ser_Liquidated

· 01-06 11:56

Fiat currency devaluation race, gold and BTC are the real winners --- Central banks are all buying gold, who didn't see this signal clearly? --- Outperforming each other in mediocrity haha, this description is spot on --- In the long run, BTC's potential is indeed much greater than gold --- The era of government bond safe havens is really over, wake up --- The term "structural opportunity" has been overused lately, let's just talk about money --- A pullback is a signal to get in, I agree with this logic --- Fiat currency is dead, gold and crypto are rising, the logical cycle is complete --- Short-term liquidity versus long-term value hedging, this theory holds water --- The rule has changed, this hits hard, get ready to embrace the new order

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ProtocolRebel

· 01-06 11:44

The idea of fiat currencies devaluing against each other is interesting; it feels like a bit of wordplay. I believe in gold rising, but can BTC really be compared to gold? It's still too young now. Central banks are starting to stockpile gold, what does that mean? It indicates that the rules have indeed changed. If this wave of market movement is truly structural, then we need to hold on. Waiting for a pullback before entering again might mean waiting for several more years, haha.

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MindsetExpander

· 01-06 11:33

Fiat currency devaluation, gold's certainty of rise, BTC's long-term hedging logic is working In simple terms, central banks are all competing for gold, and the US debt model is no longer effective This wave of structural market has just begun, and Bitcoin's potential is much greater than gold

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potentially_notable

· 01-06 11:32

Fiat currencies devalue against each other, I’ll buy that logic --- Where is the ceiling for gold? Do the big players have an idea? --- BTC is the real safe-haven asset, government bonds? Haha --- Long-term structural trends are just good excuses for being trapped haha --- Central banks are stockpiling gold, retail investors are still looking at government bonds, ridiculous --- This narrative has some substance --- Liquidity determines short-term rises and falls, no doubt about that --- Instead of worrying about whether fiat will devalue, just get on board with BTC

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