Those legendary traders who made a name for themselves during the 2008 subprime mortgage crisis (Danny Moses, Vinny Daniel, Porter Collins) have recently shared their views on the global economy in 2026, and their insights still hit the core.

The core conclusion is simple: continue to be bearish on the US dollar and hold onto gold tightly.

What do they say? The recent rise in US stocks and Bitcoin is mainly supported by the AI story, with funds clustering in a few sectors. Once speculative capital shifts, a stampede could happen at any moment. The deeper issue lies with the dollar itself—US debt spiraling out of control, increasing geopolitical complexities, and the government still printing money—all eroding the dollar’s global reserve status. In comparison, gold is much more stable. No matter how the world twists and turns, gold’s role as the ultimate store of value and primary reserve asset has never changed. In times of economic chaos, gold’s upward trend is almost unstoppable.

This reflects an interesting phenomenon: retail investors are still crazy about AI and the stock market, while institutional funds are quietly divesting from the dollar and bottoming out in gold.

What if they are right? That would mean that global big capital might need to reassess their asset allocations. For the crypto market, which is highly dependent on global dollar liquidity, this could signal a more challenging external environment. Bitcoin and other crypto assets will need to find new growth logic and market narratives under this macro pressure.