$BTC has been thinking about the relationship between Bitcoin and gold recently. Why hasn't Bitcoin become an asset to combat inflation? Let's start with the conclusion: Bitcoin's nature is inherently anti-inflationary; this has always been its intrinsic property and has never changed. So why has it performed so poorly this year? The core reason is that virtual currencies have been taken over by Wall Street. Financial assets controlled by European and American capital are inevitably influenced by the tides of the dollar. This is why the cryptocurrency market has increasingly become strongly correlated with the US stock market. Currently, it seems that the same group of people is manipulating both the US stock market and the cryptocurrency market.

What would allow the cryptocurrency market to develop its own trends, even surpassing gold? We can only glimpse the future through history, and gold is the best analytical target. The fact that gold can currently break free from the dollar's tides is due to multiple forces competing for the asset, rather than simple control by Wall Street. They all once wanted to use gold to back their own currencies. After achieving their goals, they attempted to sever ties with gold to control this market, thereby impacting gold's market. However, the ultimate result was their failure. They sold gold at high levels during the 1970s, which only had a temporary impact on gold's market. Ultimately, gold still demonstrated its original anti-inflationary properties. Consequently, Wall Street lost control over gold.

Therefore, they are now laying out the next asset to back their currencies. But can this asset support the qualifications for such backing? There are not many assets left that can resist inflation and have strong consensus. Stocks, gold, and Bitcoin are certainly core anti-inflationary assets.