The U.S. Supreme Court is expected to make a ruling on Friday regarding the legality of Trump's tariff policies, risking over billion in potential refunds. The case questions whether the president's imposition of tariffs under emergency economic powers exceeds legal limits, with lower courts already challenging the justification for the tariffs. If the government loses, importers who have paid tariffs may be eligible for refunds, which could put financial pressure on the government and disrupt trade relations. The market is on high alert, with trade and manufacturing stocks, the foreign exchange market, and cryptocurrencies potentially experiencing sharp volatility, as demand for safe-haven assets increases.

The state of Utah in the United States has recently launched a medical trial that allows artificial intelligence systems to renew certain prescriptions for chronic disease patients without physician intervention, aiming to reduce labor costs and improve healthcare accessibility. This pilot program, a collaboration between the state government and a health tech startup, is seen as the first time the US healthcare system has directly delegated "prescription authority" to AI. AI prescribing medication for patients? What is Utah testing? According to Politico, the Utah state government has partnered with health tech startup Doctronic to initiate a pilot program that allows eligible patients to use an online system where AI reads their medication records and conducts a consultation. If deemed safe, the system will directly send the renewed prescriptions to the pharmacy without any physician approval. Currently, the program is limited to 190 common medications and excludes painkillers, attention deficit hyperactivity disorder (ADHD) medications.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Stay safe with the best Bitcoin wallets 2026. See how Bitamp, Ledger, Trezor, Electrum, and BlueWallet protect your BTC from malware, phishing, and

Bitcoin rebounded to around $93,860 today, driven by three main factors: the Venezuela geopolitical crisis triggering safe-haven demand, Trump not ruling out military action against Greenland, technical oversold recovery, and institutional buying resuming. The technical structure has shifted from a descending triangle to a narrowing wedge, with RSI rising above the midline. After holding the $92,000 support, the probability of breaking through the $100,000 barrier increases.

The USD-KRW exchange rate temporarily rose and then partially retraced in the New York foreign exchange market, ultimately closing at 1,447 KRW. Analysts believe that the strong performance of the New York stock market stimulated risk asset appetite, leading to a relatively strong Korean won. As of 2:00 a.m. on the 7th (Korea time), the USD-KRW exchange rate closed at 1,447.10 KRW, up 3.30 KRW from the previous day's Seoul foreign exchange market close of 1,443.80 KRW. On the same day, in early trading in New York, the euro weakened due to soft European economic indicators, and the dollar remained strong, with the USD-KRW rate rising to a high of 1,449.30 KRW during the session. However, as the US stock market showed an upward trend afterward, investors shifted their investment focus from safe assets to risk assets such as stocks, and demand for the dollar began to decrease. Notably, the Philadelphia Semiconductor Index, composed of representative US semiconductor stocks, surged 2.84% intraday, indicating a clear lead by tech stocks.

In early 2026, the cryptocurrency market is on the rise, with Bitcoin maintaining at 13,556,000 KRW. Despite a slight decline, analysts predict it will hit a new all-time high. Ethereum and Ripple also performed well, driven by institutional investors. Cryptocurrencies are seen as safe-haven assets, and improved market demand and regulatory environment further support their upward potential.

Market Trends The cryptocurrency market currently exhibits a volatile and oscillating pattern, with clear differences in bullish and bearish views. On the macro level, fluctuations in U.S. oil export policies are indirectly affecting Bitcoin's safe-haven narrative; within the industry, although regulatory pressure and volatility risks coexist, the continuous net inflow into Bitcoin ETFs indicates that long-term institutional funds remain resilient. In the short term, the market is focused on the key battle zone for BTC between $94,000 and $100,000, with high volatility, so caution is advised. Mainstream Coins BTC Has short-term bullish trading opportunities. Recent price movements are related to the adjustment of U.S. policies towards Venezuela's oil; the continued inflow into BTC ETFs also supports the market. Currently, focus should be on the $94,000 support level; if it stabilizes, the highly correlated BCH may show stronger breakout potential after surpassing the $700 resistance. ETH Fundamentals remain stable

Pi Network's launch of its first multi-signature wallet marks a significant security enhancement for users. This wallet requires multiple keys for transactions, reducing risks associated with single key wallets. It supports safe ecosystem transactions and community governance while receiving positive initial feedback. However, long-term success hinges on user adoption and real-world application.

Bitcoin returns to $94,000, breaking through the October downtrend line. The US conducts a military raid on Venezuela, but there is no risk-off panic. The Dow Jones Industrial Average rises by 800 points, with energy stocks leading the gains by 9%. Gold futures reach $4,456, as funds allocate between risk and safe-haven assets. Bitcoin tests the critical resistance zone of 93,347-94,236, with this Friday's non-farm payroll report being a decisive variable.

The U.S. military recently conducted a surprise raid to arrest Venezuelan President Nicolás Maduro( and his wife Cilia Flores), and transported them to New York for trial. Now, President Trump has issued military threats against Colombia, Mexico, and Cuba, triggering global political and economic turmoil and an atmosphere of instability. Starting with an airstrike on the Venezuelan capital: U.S. raid sparks outrage The news of the U.S. raid on Venezuela and the capture of Maduro( has shocked the world. Citing "drug trafficking" as the reason, the U.S. took Maduro) to New York for trial, symbolizing that the U.S. can conduct military operations in other countries without permission, rather than relying solely on sanctions or diplomatic pressure. Trump stated: "The United States will manage this country until we can achieve a safe, appropriate, and cautious transition of power." This action not only breaks previous boundaries of U.S. operations in South America but also brings to mind

At the beginning of 2026, the United States launched an attack on military bases in Venezuela, and Trump announced the arrest of President Maduro. At the same time, large-scale riots broke out in multiple cities in Iran. Venezuela's oil reserves are the largest in the world, and Iran is a core member of OPEC. If both countries experience long-term turmoil, it will severely damage global oil supply. History shows that war-driven oil crises are transmitted through safe-haven and inflation channels to gold and silver. During the 1973 oil embargo, gold doubled in price, and silver increased by more than 30 times.

U.S. President Donald Trump held a press conference at his private residence, Mar-a-Lago in Florida, announcing that the United States has launched a large-scale raid on Venezuela, successfully capturing President Nicolás Maduro and his wife Cilia Flores, and stating that the U.S. will temporarily take over Venezuela's government. Trump emphasized that the United States will "manage this country until we can achieve a safe, appropriate, and cautious transition of power." He did not disclose specific methods of takeover or future leadership candidates but pointed out that the U.S. will govern jointly with "a team" and "appoint various personnel" to assist in operations. The military operation was successful and was described as "one of the most shocking military exercises in history." Trump praised this operation as "one of the most astonishing, effective, and powerful displays in U.S. military history."

On January 3, 2026, in the early morning, the U.S. military successfully captured Venezuelan President Maduro in an operation codenamed "Southern Spear Operation," triggering the most intense geopolitical upheaval in Latin America since the U.S. invasion of Panama in 1989. This 30-minute targeted strike not only marked the return of Monroe Doctrine in a highly militarized form but also triggered a chain reaction across the global oil markets, financial systems, and safe-haven asset allocations, with impacts expected to last throughout 2026.

In the New Year of 2026, the U.S. military arrested Venezuelan President Maduro, triggering a major shift in the global energy landscape. The United States controls 18% of the world's crude oil, forming a powerful "energy fortress." This event marks the end of the "petrodollar" era and the beginning of the "AI dominance" era. At the same time, Bitcoin is gaining attention due to its decentralized nature and has become a safe asset to counter U.S. hegemony. Global capital faces a dilemma, and how to protect assets has become crucial.

Looking back at 2025, the global capital markets experienced extreme capital rotation: precious metals surged due to safe-haven and industrial demand, with silver leading the way with triple-digit gains; simultaneously, the AI trend continued to drive record highs in the Taiwan and US stock markets, and the average profit for Taiwanese stock investors was substantial, only cryptocurrencies experienced a significant correction. Reflecting on 2025, did you meet your performance targets? How should you adjust your strategy to迎接 2026 年? Performance Rankings of Various Assets in 2025 The turbulent year of 2025 has quickly come to an end. The performance rankings of various assets in 2025 are now available. Did you meet your performance targets? Strong Rise of Precious Metals: Dual Drivers of Safe-Haven Sentiment and Industrial Demand The most impressive asset performance in 2025 belonged to the precious metals sector, with silver soaring by 141% to take the top spot, and gold also recording a significant increase of 64%. This reflects that, against the backdrop of ongoing geopolitical tensions worldwide, the market

Crypto Market Shows Signs of Potential Rebound Ahead of 2026 The cryptocurrency market remains subdued amid broader asset recoveries, yet analysts see opportunities for a turnaround as we approach 2026. Recent data indicates Bitcoin and other major crypto assets lag behind traditional safe havens a

Hive Intelligence and ARC have declared a new partnership which seeks to progress AI orchestration of on-chain intelligence and real time blockchain data. The collaboration unites ARC’s attention to safe AI agent coordination with the real-time blockchain data infrastructure offered by Hive Intellig

The last trading day of 2025 concluded with a divergence in global markets: gold achieved its best performance since 1979 with nearly a 30% annual increase, silver surged by 147%, while Bitcoin may record its first annual decline in three years, hovering below the $90,000 mark. This rare divergence completely breaks the traditional narrative that “digital gold” and conventional safe-haven assets move in tandem. This article will deeply analyze the macro and structural roots behind the divergence of these three major assets, examine gold’s role as a “safe haven,” silver’s characteristic as a “leveraged gold,” and the unique challenges faced by Bitcoin in liquidity, regulation, and market structure. Based on this, it will forecast key trends in the cryptocurrency and precious metals markets for 2026.

Crypto Market Shows Signs of Potential Rebound Ahead of 2026 The cryptocurrency market remains subdued amid broader asset recoveries, yet analysts see opportunities for a turnaround as we approach 2026. Recent data indicates Bitcoin and other major crypto assets lag behind traditional safe havens a

Traditional safe assets have been moving in opposite directions lately. Gold and silver touched fresh highs over the last quarter, while Bitcoin slipped by more than 4 percent over the past 30 days. This divergence has not gone unnoticed. It reflects how investors are reacting to higher global

The XRP Ledger has adopted CRYSTALS-Dilithium as its cryptography standard for digital signatures. Unlike the previously used elliptic curve cryptography, the new standard is not vulnerable to attacks from quantum computers. Q-Day, which is the day when a quantum computer will be capable

SlowMist releases its latest annual report, indicating that the blockchain industry will face more complex security challenges in 2025. Although the total number of security incidents decreased from 410 in 2024 to 200, the total loss amount did not decrease but instead increased by approximately 46% year-over-year, reaching an astonishing $2.935 billion. Top ten security incidents by annual loss: Bybit hacked with $1.46 billion leading the list The most notable security incident in 2025 was the hacking of cryptocurrency exchange Bybit, with a single loss of $1.46 billion. The hackers are suspected to have launched the attack by gaining access to Safe Wallet multi-signature permissions. ( Revealing the secrets of Bybit being hacked! CEO Ben Zhou recalls the crisis management process: We were able to get through it ) The remaining major loss events include

Silver prices surged to an all-time high near $84 amid market volatility, contrasting with a subdued crypto market. Analysts noted significant fluctuations, driven by macroeconomic factors and shifting investor interest towards precious metals as safe-haven assets.

Astroon, a character-first Web3 entertainment brand, has declared a new partnership with DeChat, an open and safe Web3 communications protocol. The partnership will unite the immersive entertainment universe of Astroon with the decentralized messaging infrastructure of DeChat as both companies

According to the latest data from DefiLlama, the total value locked (TVL) in Real World Asset (RWA) protocols has surpassed $17 billion, successfully overtaking decentralized exchanges (DEX) by the end of 2025, ranking as the fifth largest category in DeFi ecosystem TVL, just behind lending, liquidity staking, cross-chain bridges, and re-staking sectors. This milestone achievement signifies that the driving force behind DeFi's development is shifting from pure on-chain financial experiments to the large-scale absorption of traditional yield assets and safe-haven assets. The core driver of this wave is not speculation, but rather institutional asset-liability management needs in a "higher and longer" interest rate environment, as well as macro allocation demands stimulated by the rise of gold and silver. This silent transformation indicates that the integration of the crypto economy with the trillion-dollar traditional financial market has entered a phase of substantial acceleration.

After reaching a new all-time high, the precious metals market sharply reversed at the end of the year, with gold and silver prices plunging simultaneously, sparking intense market attention on whether this correction is a short-term adjustment or a trend reversal. （Background recap: Silver fully "cryptocurrency-ized": volatility surges, precious metals have replaced the previous Bitcoin market） （Additional context: Google searches for "cryptocurrency" have fallen to a low point, with silver becoming the new safe haven） Table of Contents Precious Metals Market Takes a Hit Why Did Such a Sharp Correction Occur? Analyst: Correction Does Not Change the Medium-Long Term Bullish Structure After a rapid surge last week that repeatedly hit new historical highs, the precious metals market finally experienced a noticeable correction today (29). Driven by multiple factors, gold, silver, platinum, and palladium prices all plummeted simultaneously. Market sentiment shifted quickly from euphoria to caution, forming an unusual "sharp decline from high levels" at the end of the year.

Pi Coin (PI) is currently trading around $0.205, remaining almost flat over the past 24 hours. The price of Pi Coin has stayed within a narrow range throughout December, with a slight increase of 0.2% over seven days and still down more than 17% compared to the previous month. The overall trend remains weak, so attention is shifting to the timeframes

Silver experienced intense volatility over the weekend, soaring for 70 minutes before sharply retreating. The market is betting on a rate cut in 2026 amid geopolitical signals, prompting capital to shift from Bitcoin to tangible precious metals. (Previous context: Google searches for "cryptocurrency" plummeted to a low, with silver becoming a new safe haven) (Additional background: Elon Musk rarely comments on silver's surge, warning of supply chain disruption risks: "This is not good.") Table of Contents Powell’s term countdown, market bets on a 2026 rate cut Geopolitical tensions and low inventory: dual signals amplify volatility Bitcoin absent from the party, risk appetite shifts to tangible assets If readers are slightly inattentive during the last weekend of December, they might miss the most dramatic price movements of 2025: silver futures in New York opened less than 70 minutes earlier, surged 6% to reach a historic high of $84.

The XRP Ledger has adopted CRYSTALS-Dilithium as its cryptography standard for digital signatures. Unlike the previously used elliptic curve cryptography, the new standard is not vulnerable to attacks from quantum computers. Q-Day, which is the day when a quantum computer will be capable

Cryptocurrency search popularity on Google has dropped from 100 to 16; silver has become the market focus, with the search index for the keywords "Silver" and "白銀" reaching a historic high. (Previous context: Coinbase Bitcoin negative premium has persisted for over 14 days, is now a good time to buy the dip?) (Additional background: Elon Musk rarely comments on silver's surge: "This is not good" warning about supply chain disruption risks) According to Google Trends data, the search interest for the keyword "Cryptocurrency" is only 16, far below the peak of 100 when Bitcoin surged to $120,000 in August this year, indicating a clear cooling in discussion volume; currently, the panic and greed index is about 28, with the market shrouded in a continued "fear" atmosphere. On the other hand, silver has become the market's focus. Google Trends shows "si

By 2025, the market capitalization of stablecoins will surpass 300 billion USD, with institutions predicting it will reach 2 trillion USD in the future. This is no longer just a story about cryptocurrencies but a revolution in the very nature of money itself. Stablecoin infrastructure is rewriting the future of financial services. This article is originally from Stepan | squads.xyz, written by BitpushNews, compiled, translated, and authored. (Previous context: The turning point of cryptocurrencies: 2026, the rules of the game will be completely changed) (Additional background: Google searches for "cryptocurrency" have fallen to an all-time low, with silver becoming the new safe haven) Table of Contents Data Overview What We Learned from the Synapse Incident Self-Custody and Insurance Issues Global Reach and Last-Mile Challenges The Battle of Blockchains Built for Specific Purposes

Silver prices surged to an all-time high near $84 amid market volatility, contrasting with a subdued crypto market. Analysts noted significant fluctuations, driven by macroeconomic factors and shifting investor interest towards precious metals as safe-haven assets.

On December 27, 2025, a security exploit on the Flow blockchain allowed the theft of $3.9 million, prompting a network halt. User balances remained safe as teams implemented a protocol fix. Forensic efforts are underway to track the stolen assets.

_Flow Blockchain moves toward a full restart after a $3.9 million exploit, with user funds safe and recovery underway._ Flow Blockchain is preparing for a full network restart after a serious security incident. The breach took place on December 27, 2020. An attacker targeted a vulnerability of t

Cryptocurrency search popularity on Google has dropped from 100 to 16; silver has become the market focus, with the search index for the keywords "Silver" and "白銀" reaching a historic high. (Previous context: Coinbase Bitcoin negative premium has persisted for over 14 days, is now a good time to buy the dip?) (Additional background: Elon Musk rarely comments on silver's surge: "This is not good" warning about supply chain disruption risks) According to Google Trends data, the search interest for the keyword "Cryptocurrency" is only 16, far below the peak of 100 when Bitcoin surged to $120,000 in August this year, indicating a clear cooling in discussion volume; currently, the panic and greed index is about 28, with the market shrouded in a continued "fear" atmosphere. On the other hand, silver has become the market's focus. Google Trends shows "si

Bitcoin's recent price action shows structural improvement, with the market gradually moving away from a compression state dominated by safe-haven trading, and pullbacks supported by buying interest. As the largest options expiration in history approaches, derivative pressure eases, and prices find their footing, increasing the likelihood of upward movement in the future. Long-term monetary expansion continues to support scarce assets, and the market environment indicates a buildup of positive factors.

A well-known crypto trader who goes by the name Dr Profit has shared a clear shift in his market positioning, moving away from stablecoins and toward traditional safe-haven assets. In a post on X, the analyst said he has transferred nearly all remaining USDT back into the banking system and

1. Behind the New High in Gold Prices, Asset Forms Are Changing On December 22, 2025, the domestic gold price once again broke through 1,000 yuan/gram, setting a new high for the year. In traditional financial markets, gold price increases are usually interpreted as a rise in risk aversion; but in the digital asset world, changes in gold go beyond just price levels. CoinFound (a data technology company specializing in TradFi × Crypto) recently released the "Gold RWA Trend Insights" report, which systematically reviews the market size, ecological landscape, and application scenarios of gold RWA in 2025. Data shows that the market capitalization of gold RWA grew from less than $1 billion at the beginning of the year to over $3 billion in 2025, nearly tripling. In Starbase's view, this growth is not simply a reflection of rising gold prices, but rather a transformation in the asset form of gold.

Highlights of this Issue The weekly coverage period for this issue spans from December 19, 2025, to December 26, 2025. This week, the total on-chain RWA market capitalization steadily increased to $19.04 billion, with the number of holders surpassing 590,000, indicating sustained growth momentum; meanwhile, the total market cap of stablecoins, after approaching $300 billion, has nearly stagnated, further highlighting the contraction in active user base expansion and on-chain activity. Global regulatory frameworks continue to advance: the United States is considering providing a tax safe harbor for stablecoins, Japan plans to promote the on-chain issuance of local government bonds, and countries like China, South Korea, and Ghana are accelerating their deployment in digital currencies and stablecoins. Domestic institutions' overseas branches are gradually exploring applications such as digital renminbi and stablecoin top-ups and payments: ICBC's Singapore branch is piloting digital renminbi overseas wallet top-ups, and Ctrip's overseas version has integrated stablecoin payments, demonstrating accelerated adoption of stablecoins in cross-border settlement and travel consumption scenarios. Meanwhile, Ethereum DAT company E

Driven by escalating geopolitical tensions and a weakening US dollar, spot gold surged this week to break through $4,530 per ounce, while silver soared over 4% to surpass the $75 mark, both hitting new all-time highs. Meanwhile, Bitcoin remained below $89,000 amid light trading during the year-end holiday, failing to break through the critical resistance at $90,000. This stark contrast reveals the complex landscape of the current macro markets: traditional safe-haven assets are absorbing surging capital driven by geopolitical risks and rate cut expectations, while the cryptocurrency market has temporarily lost direction amid seasonal liquidity contraction. The divergence in trends between “traditional” and “digital” safe-haven assets provides a vivid case for investors to understand cross-market capital flows.

Hedera (HBAR) has faced prolonged downward pressure over the past two months, reflecting a general weakening trend in the cryptocurrency market. The HBAR price has continuously plummeted as risk appetite declines and capital shifts toward safe-haven assets. Despite recent sharp declines, the structure of the

Table of Contents 2. What Are Anonymous Crypto Casinos? 4. Best Safe Crypto Gambling Sites 6. How to Identify Safe Anonymous Crypto Casinos 8. Licensing and Regulation 10. Transparency and Provably Fair Systems 12. Withdrawal Reliability 14. Platform

For crypto investors who firmly believe in the theme of "hedging against inflation," 2025 has undoubtedly been a disappointing year. Bitcoin, which was originally expected to benefit from the currency depreciation wave, not only underperformed the "safe haven king" gold but was also far behind the Nasdaq 100 index. In response, asset management firm VanEck believes that Bitcoin is brewing an epic "comeback," and in 2026, it is expected to follow gold and stage a "breakout rally." David Schassler, head of Multi-Asset Solutions at VanEck, stated in the latest "2026 Investment Outlook" that Bitcoin's weakness this year is actually the biggest bullish signal for next year: Since the beginning of this year, Bitcoin's performance has lagged about 50% behind the Nasdaq 100 index. This extreme "price dislocation" suggests that Bitcoin is poised to become the best-performing asset in 2026.

A bipartisan group of U.S. House Representatives has introduced the "Digital Asset PARITY Act," which plans to establish a tax-free safe harbor for transactions below $200 for stablecoin payments, and allows staking and mining rewards to be taxed after a five-year delay. The bill also strengthens wash sale rules to prevent tax avoidance. The bill aims to improve the payment and tax environment for cryptocurrencies and is expected to be passed by 2026.

In 2025, the global money supply (M2) grew from approximately $104 trillion to over $115 trillion, marking a historic expansion. However, contrary to traditional perceptions, Bitcoin, as a "liquidity-sensitive asset," performed weakly, with its market capitalization hovering around $1.74 trillion, far from reaching its all-time high. Meanwhile, gold prices broke through $4,500 per ounce, setting a new record, and silver also surged significantly. This stark asset performance divergence reveals that in the current macro environment of "risk aversion" and "structurally tightening liquidity," capital is systematically flowing from high-risk digital assets to traditional safe havens like physical precious metals. The once-close relationship between Bitcoin and global liquidity is loosening, and the market is awaiting a new, compelling narrative capable of reversing capital preferences.

When the total market capitalization of the crypto market drops 30% from the early October 2025 high of $4.28 trillion to $3.0 trillion, officially entering a technical bear market, how should investors evaluate their holdings and plan for the future? This article provides an in-depth analysis of three cryptocurrencies that demonstrate unique resilience and deep value during bear markets: Bitcoin, with its narrative as "digital gold" and over $100 billion in spot ETF assets, becoming the ultimate safe haven amid turbulence; Solana, with its astonishing ecosystem revival and high-performance efficiency, proving its ability to rebirth from the ruins of the FTX collapse; and Chainlink, as a core infrastructure of Web3, whose price has remained unchanged for five years, but whose oracle network has become an indispensable conduit connecting smart contracts with real-world data. A bear market is not the end, but a litmus test for the true value of projects and investors' vision.

By the end of 2025, the global financial markets are immersed in an optimistic "Christmas rally" atmosphere: the US S&P 500 index hit a new closing high, gold prices broke through $4,500 per ounce, setting a record, and the annual gain is expected to be the best since 1979. However, Bitcoin, once highly anticipated, appears out of place, with its price stagnating between $85,000 and $90,000, down over 7% for the year, and potentially recording its worst performance since the TerraUSD collapse in Q2 2022. Analysis indicates that Bitcoin has failed to keep up with the rising risk appetite in the stock market and has not attracted safe-haven inflows from gold, falling into an awkward position of "neither here nor there." The reasons behind this include the breach of technical support levels, market freeze caused by over $23 billion in options expiring, ongoing selling by long-term holders, and the drying up of ETF fund inflows, collectively leading the market into "silence" in the absence of clear buying interest.

Gold has surged 60-65% in 2025, driven by concerns over U.S. debt and central bank acquisitions as a safe haven asset. In contrast, BitMine's Ethereum frenzy falters as valuations drop despite initial enthusiasm, causing a slowdown in Ethereum momentum.

For crypto investors who firmly believe in the theme of "anti-inflation," 2025 has undoubtedly been a disappointing year. Bitcoin, which was originally expected to benefit from the currency depreciation wave, not only underperformed the "safe-haven king" gold but was also far behind the Nasdaq 100 index. In response, asset management firm VanEck believes that Bitcoin is brewing an epic "comeback," and in 2026, it is expected to follow gold and stage a "breakout rally." David Schassler, head of Multi-Asset Solutions at VanEck, stated in the latest "2026 Investment Outlook" that Bitcoin's weakness this year is actually the biggest bullish signal for next year: > Since the beginning of this year, Bitcoin's performance has lagged about 50% behind the Nasdaq 100 index. This extreme "price dislocation" suggests that Bitcoin is poised to become the top performer in 2026.

As the year-end of 2025 approaches, the global financial markets have witnessed a "Christmas rally" dominated by precious metals: gold, silver, and platinum prices have recently hit new all-time highs, reaching $4,526 per ounce, $72.7, and $2,370 respectively. Analysts point out that this rare broad rally stems from shaken confidence in the fiat currency system, geopolitical tensions, and bets on "dollar devaluation trades." However, amidst this traditional safe-haven asset celebration, cryptocurrencies, especially Bitcoin, have been notably absent, underperforming precious metals and tech stocks in 2025. Market observers are focusing on a key question: in 2026, will the profits from profit-taking in the precious metals market flow en masse into Bitcoin, igniting the next crypto bull market? This potential capital shift will depend on whether macroeconomic narratives can shift from "purely safe-haven" to a rebalancing of "risk and digital store of value."