Gold prices breaking through the $4,500 mark look impressive. But what is hidden behind this?

In fact, it is the entire old order issuing a warning. The US national debt has already surpassed $38.5 trillion, and annual interest payments are eroding future growth potential. What about the S&P 500? A few tech giants are holding up half the sky, AI concepts are hotly traded but risks are piling up. Global central banks are frantically hoarding gold—this is the most direct vote of no confidence in the dollar's credit.

When traditional safe-haven assets themselves are in trouble, people begin to consider where the true "safe harbor" lies. Decentralized assets, transparent and auditable supply chains, and value carriers that do not rely on a single policy—these features are attracting increasing attention.

This does not mean all crypto assets are the answer; volatility still exists, and risks are real. But against the backdrop of trust system reconstruction, narratives like BTC as digital gold, ETH as a decentralized computing infrastructure, and the return of privacy assets represented by ZEC are providing different dimensions of reflection.

The storm is not yet fully here, but the window for shifting anchors and diversified allocation is opening. What is your view on this wave of change?