Today, the US SEC Chairman stated that the financial system will shift towards cryptocurrencies, while China’s central bank has increased its gold holdings for 13 consecutive months. The world stands at a financial crossroads! The US embraces cryptocurrencies because stablecoins are the perfect digital extension of the US dollar’s dominance, enabling the dollar to flow more efficiently worldwide. However, this also comes with risks, such as weakening the effectiveness of monetary policy. China’s increase in gold reserves is a defensive assertion of sovereignty; in an era of heightened geopolitical risk, gold is the only asset not reliant on a credit system. However, gold has poor liquidity, so China is also developing the digital yuan and multilateral central bank digital currency bridges, paving a third path. For individuals, BTC is a digital risk asset, and gold has a dual nature. Don’t blindly take sides—understand the logic behind the divergence and make hedged allocations. Follow Musen to help you avoid traps and seize market opportunities!