The global economic landscape is undergoing intense turbulence.

Let's first look at the situation in the Middle East. The Iranian Rial continues to depreciate, with local depositors watching their savings shrink as faith in fiat currency collapses completely. In such despair, Bitcoin has become many people's last resort—not for overnight riches, but to preserve their limited assets. This is not an investment decision but a survival choice.

Things are also unsettled in the United States. The Supreme Court's ruling on the tariffs case remains pending, and the market has already reacted in advance: Nasdaq plummeted, semiconductor stocks took a heavy hit. If the ruling is unfavorable, it could trigger tax changes worth hundreds of billions of dollars, and the magnitude of the impact is still uncertain. Meanwhile, the Federal Reserve's Beige Book data reveals real economic pressures—rising business costs and profit margins being continuously eroded by energy and policy factors.

From Tehran to Washington, from fiat currency collapse to policy uncertainty, the entire world is experiencing varying degrees of risk reassessment. At this stage, what are smart funds doing? Bitwise recently launched crypto ETP products in Europe, attempting to build a bridge between traditional finance and digital assets. At the same time, Federal Reserve officials warn of inflation risks while reassuring markets that there will be no restart of quantitative easing—this contradictory stance precisely reflects the dilemma faced by decision-makers.

The key question is: when cracks appear everywhere in the old system, how should your wealth be allocated? Should you let it depreciate along with fiat currency, or consider more diversified asset forms?

What are your thoughts on this wave of market changes? Feel free to share your ideas.