⚡️In less than a month, gold prices have surged past $3,800, hitting a new all-time high! Looking back at the past 50 years, gold’s macro cycles often align with two scenarios: 1⃣ U.S. credit overextension: Think 1970s stagflation or the 2008 financial crisis. 2⃣ Dollar interest rate turning points: During rate cuts and debt expansion cycles, gold has always been the biggest beneficiary. The current logic is clear—this wave of gold price increases starting mid-2024 is being driven by two combined forces: 1⃣ U.S. fiscal deficits + rapidly swelling interest burdens, forcing the market to seek credit alternatives. 2⃣ Real interest rates peaking and declining, reducing the cost of holding gold. In an era of systemic risk, assets with certainty will be repeatedly revalued. Gold is a template, and $BTC/$ETH, as well as on-chain stablecoins and RWAs (Real World Assets), are essentially credit extensions along the same chain of logic. All of them have profit expectations in the next rate-cut cycle! If you ask me, in an era of currency overissuance, gold should keep rising—rising until the average person can’t afford 1 gram in a month. That’s when we’ll know it’s truly peaked!