#比特币价格分析 Recently, I came across a very interesting signal—gold has increased by 20%, silver has surged by as much as 64%, while during the same period, Bitcoin has actually retreated from its all-time high. Many people, upon seeing this comparison, might first think "Bitcoin is underperforming," but I believe this reflects a deeper systemic change.

The key point is that the sharp rise in precious metals is not traditional safe-haven behavior, but rather a strategic allocation by institutional investors amid geopolitical tensions and structural downward pressure on the dollar system. In other words, global capital is shifting from a single-dollar-centric focus to a multipolar layout—which is a real-world reflection of the Web3 decentralization philosophy!

Meanwhile, the currently relatively undervalued state of fungible tokens indicates that institutions' recognition of digital assets as a new type of reserve asset is still in the accumulation stage. As the Federal Reserve possibly continues to cut interest rates in 2026 and the dollar's appeal continues to weaken, a valuation-based capital inflow will gradually initiate.

My judgment is that this is not a problem of Bitcoin lagging behind, but rather it is still gathering strength—like the calm before dawn. Decentralized assets, multi-chain ecosystems, emerging DeFi and SocialFi tracks are all waiting for the historic opportunity brought by this round of restructuring of the dollar system. I am long-term optimistic about the future of this multi-asset, multi-center financial new pattern.