#以太坊大户持仓变化 Trump's new round of policy changes has sent ripples through the global markets, causing US stock futures to retreat in response. In this sensitive window, the Fed's changing stance has become the market's focus—its once hawkish position is softening.

By early 2026, Federal Reserve officials began reassessing the balance between inflation and employment. While inflation remains a hidden risk, the worsening employment data is increasing the case for rate cuts. As news of this spread, Wall Street immediately responded—lowering expectations and loosening purse strings. The Dow and S&P 500 continued to hit new highs.

But behind this numerical game, a true shift is quietly occurring on another level:

The rise in gold and silver prices has exceeded expectations. This is not just a technical rebound but also reflects deep market concerns about the actual purchasing power of the dollar. When safe-haven assets continue to strengthen, what does it indicate? It suggests that the wealthy are quietly adjusting their asset allocations.

Even more noteworthy is the share of the US dollar in global central bank foreign exchange reserves—now down to 42%, the lowest in 25 years. This figure isn't just made up; behind it are central banks around the world quietly acting—gold reserves are increasing, and diversification of reserves is advancing. De-dollarization is no longer just a conceptual hype but has become visible action.

Geopolitical changes are also intensifying this trend. To maintain America's economic influence, some radical policies are being tested. But history tells us that these measures often do more harm to the aggressor than to others.

The underlying logic is clear: no matter how dazzling the wealth figures on paper, when measured in other currencies, the growth rate isn't as impressive. Once global confidence in the dollar suddenly shifts, and discussions of the gold standard turn from theory into reality, many current asset valuation models could be completely rewritten.

So the question boils down to a simple yet profound one: when the tide turns, what truly valuable assets are in your portfolio?