In October 2025, the financial markets presented a shocking scene: Bitcoin price surged past $125,000, gold skyrocketed to $4,000, and the US stock market continued to hit new highs. These three vastly different asset classes experienced a big pump simultaneously, but behind it lies an undeniable fact: the dollar exchange rate plummeted by over 10%.

This superficial prosperity actually conceals a crisis that is quietly unfolding. The standards by which we measure wealth are changing, much like a ruler that is being shortened, causing everything being measured to appear to be in a "growth".

The Federal Reserve alleviates government debt pressure by maintaining a low interest rate policy and injecting liquidity on a large scale. This approach superficially appears to be saving the market, but in reality, it imposes an "invisible tax" on every cash holder. The deposits in ordinary people's bank accounts are quietly depreciating, while the wealth figures of various asset holders are expanding at an astonishing rate.

This is not just a theoretical speculation, but an ongoing silent transfer of wealth. The purchasing power of ordinary people's savings continues to decline, with data showing that the wealth share of the bottom 50% of households in the United States has fallen to 2.5%. The gap between the rich and the poor continues to widen, and social conflicts are becoming increasingly acute.

In this crisis, Bitcoin's performance is particularly remarkable. Its fixed supply and decentralized characteristics make it an ideal choice against the excessive issuance of fiat currency. Even traditional financial giants like Morgan Stanley have begun to advise clients to allocate cryptocurrency assets, marking Bitcoin's official entry into the mainstream investment field.

When cash is no longer safe, various assets have become the only choice for hedging. In the face of such a financial environment, holding the inevitably devalued US dollar no longer seems wise. Investors need to reassess their asset allocation strategies to cope with this ongoing financial transformation.