BTC's "Digital Gold" label has recently become a bit awkward—its purchasing power is being squeezed from both sides.

Just look at the data: one Bitcoin can now only buy about 19 ounces of gold, down from 38 ounces at the beginning of the year. It has been halved. Even more painful is silver, whose purchasing power has plummeted by 70% since May, falling even faster than gold.

The underlying logic is quite clear—central banks around the world are frantically stockpiling gold, pushing this traditional safe-haven asset back into the spotlight. Decades of influence in traditional finance have been reactivated by a single policy.

This contest, in essence, is a tug-of-war between "time-tested stability" and "potential volatility." The scale tilts toward traditional assets, which is not without reason.

But this is also where the opportunity lies. When the purchasing power landscape shifts again, investors willing to navigate the volatility often catch the next turning point. Every seemingly "retreat" in history has been the precursor to a new "rise."

What do you think? Do you choose to stay with the central banks and hold onto the stability of gold, or do you bet on the next explosion in the crypto market?

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