The recent event of Swiss banks freezing assets of the Venezuelan president has caused quite a stir in the global financial circle over the past few days. This case plainly exposes a problem: in the traditional financial system, as soon as the political climate shifts, your money could be frozen—geopolitics and international sanctions often become the ultimate killers of asset mobility.

It is precisely because of this incident that the "blacklist" nature of cryptocurrencies has been brought up for discussion again. Many investors are beginning to consider whether the decentralized nature can truly provide a way for capital to bypass traditional financial blockades. In theory, this is indeed possible—without central banks and freezing rights, it seems harder to be directly intervened. But there is a big pitfall: the cryptocurrency market itself is extremely volatile, and regulatory policies are continuously tightening. These uncertainties make it difficult for cryptocurrencies to truly serve as a safe haven. Prices soar to the sky and then plummet to the ground, which is somewhat contrary to the original intention of "hedging."

Therefore, this event acts like a mirror. On one side is the control of capital by traditional financial order, and on the other side is the effort of emerging digital assets to break this monopoly. The tug-of-war between the two has just begun. The market is watching and thinking about what role cryptocurrencies can really play and where the risks lie.