$PAXG The Logic of Gold Surge
China Continues to Purchase Gold
The central bank has increased its gold holdings for 18 consecutive months
To de-dollarize and hedge against the credit risk of U.S. Treasuries
Gold has become a substitute means for the "Chinese version of a currency anchor"
U.S. Treasury Crisis: Credit Collapse Begins to Show
U.S. national debt approaches $34 trillion, with expanding deficits;
Interest rates cannot be maintained at high levels for long, real yields on U.S. Treasuries are negative;
Global central banks are reducing their U.S. Treasury holdings and turning to gold for safety.
$BTC The Logic of Following Gold
BTC has gradually been regarded by institutions as digital gold
After the approval of ETFs, institutions have started to hold BTC;
The Federal Reserve, Fidelity, and BlackRock have all entered the market;
The correlation between BTC and gold is rapidly increasing.
The U.S. may explore a "BTC + Dollar Pegging" solution (Advanced Projection)
Assuming a severe credit crisis in U.S. Treasuries occurs, the U.S. government urgently needs a "new trust anchor";
BTC is partially included in the national reserve system or supports CBDC (digital dollar) as a foundational pegged asset;
This move could reactivate the dollar's dominance and naturally incorporate BTC into the global monetary game rules.
This is akin to the reshaping of the Bretton Woods system, but more modernized and digitalized.
