Conclusion first: If the United States wants to win the ultimate game with China, the crypto market must succeed. It is not the crypto market that needs to be saved by Americans, but Americans who need the crypto market to save them.

This is not a slogan to attract attention, but a reflection of the reality of the deep reconstruction of the current global financial landscape. The United States is entering the second stage of the great power game - from comprehensive dominance to strategic defense. If the first stage was an era when the US dollar swept the world and the technology economy was fully crushed, then now it has to face the reality of the continuous erosion of the US dollar credit system, the relative degradation of the competitiveness of key industrial chains, and the internal friction of party disputes and social divisions.

The foundation of global trust is loosening. Although the status of the US dollar as a reserve currency has not been shaken, it is experiencing a "slow ebb" process similar to that of the British pound. It took 30 years for the British pound to go from being the protagonist of the global reserve currency to a supporting role. Today, central banks around the world have begun to systematically reduce their holdings of US debt and accelerate gold purchases. The logic behind this is simple: gold cannot be sanctioned, while the digital dollar can be frozen with one click. Once there is a crack in trust, it means that the foreign exchange structure needs to be reorganized.

If the current trend continues, global central banks may increase their gold holdings by 30,000 tons in ten years, equivalent to nearly nine years of gold mine production. The positive spiral effect of gold prices has begun to start: the more you buy, the more expensive it is, and the more expensive it is, the more you buy. Combined with geopolitical risks and strategic resource control, gold may follow an unimaginable premium curve.

The problem is that the United States can no longer dominate the price of gold. The market is being pushed by the trend of de-dollarization, but dollar assets are bleeding. No matter how tough the Federal Reserve is, it cannot stop the market's expectations for the "post-dollar era."

what to do?

The United States began to try to "save the country by taking a detour":

The US dollar stablecoin is tied to the crypto market, rebuilding the digital usage scenarios of the US dollar and transferring the liquidity that originally belonged to cash to the chain.

The nationalization of Bitcoin attempts to turn Bitcoin into the "new gold" and control its circulation and pricing rights with the American compliance framework.
Build a new cycle of "US dollar-stablecoin-crypto market-US Treasury bonds", use the liquidity return of the virtual currency market to support the bond market gap, and resist the impact of gold out of control.
To put it bluntly, cryptocurrencies have become the "stand-in" and "strategic buffer zone" of the US dollar financial system. If Bitcoin is controlled, there is a chance to partially hedge the crisis of losing gold pricing power; if funds are sucked away from the crypto market, there is a chance to slow down the liquidity flight of US dollar assets.

In other words, the crypto market is not only a technological revolution, but also a financial battlefield for the United States to maintain its national strength and delay its decline. If this battle is won, the United States may be able to gain a strategic buffer period to enter the third stage - and even complete a lane change and overtake in new fronts such as AI, robots, and clean energy.

But if we fail to win, then the US dollar will bleed, gold prices will skyrocket, the country's destiny will be unbalanced, and it will be an irreversible slide.

So let me emphasize again: it is not the crypto market that needs the United States, but the United States is in urgent need of the crypto market.

Conclusion
The United States is at a critical juncture in reshaping the global financial landscape. The rise of the crypto market provides it with new strategic options. However, this process is full of uncertainty, and success or failure is still unknown. For global investors, paying close attention to the United States' layout in the crypto market will help grasp the future trend of the financial market.