The U.S. Treasury is now in an awkward situation: interest payments have surpassed military spending. What does this mean? In the past, national strength was demonstrated through missiles, but now it is being hijacked by interest bills. The Treasury Secretary is probably pondering when they can get out of this predicament.

Against this macro backdrop, three clear investment themes have emerged in the 2025 market.

First is crypto assets. Bitcoin has voiced its value proposition amid economic uncertainty—scarcity and anti-inflation characteristics. Although its performance has been volatile over the past year, the logic of it serving as a hedge remains unchanged.

Second is energy infrastructure. While this sector is not as lively as crypto, countries are accelerating investments in energy transition. Upgrading power grids and laying renewable energy infrastructure—these seemingly modest infrastructure investments are actually preparing for future energy dominance.

Most notably is the performance of precious metals. In 2025, gold surged by 70%, demonstrating the resilience of classic safe-haven assets; silver soared by 140%, carrying dual expectations of industrial demand and safe-haven appeal. Meanwhile, the dollar’s credit is relatively depreciating, and capital is flowing into assets with tangible value.

The debt scale has reached an unavoidable point. In this environment, it seems more rational to proactively allocate into diversified assets like gold, silver, and Bitcoin, rather than simply holding dollars and waiting for debt resolution. How the market landscape will evolve in 2026 depends on who can seize the opportunity now.