全球“大放水”,加密货币迎来高光时刻

Global “Liquidity Surge” Brings Crypto into the Spotlight

BroadChainBroadChain12/21/2020, 11:29 AM
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Summary

BTC serves as a retail inflation hedge. Look at gold—people often say BTC has stolen demand from gold.

On December 16, Bitcoin (BTC) made history by breaking through the $20,000 barrier for the first time. Its rally continued, pushing past $24,000 today to set a new all-time high. Bitcoin has always been controversial. After the crash on "Black Thursday" in March, mainstream critics were quick to call it a scam. Yet, defying widespread skepticism, Bitcoin has staged a remarkable comeback that has surprised many.

Recently, traditional media outlets have been unusually united in their positive coverage of Bitcoin's new peak. It's clear that mainstream sentiment is shifting. After its 2017 peak and the subsequent bear market, Bitcoin has matured. Now, in an era of aggressive global monetary expansion, Bitcoin is increasingly seen as a crucial future financial asset.

As Jeff Currie, Head of Commodities Research at Goldman Sachs, put it: “Bitcoin is a retail inflation hedge. Look at gold—people often say Bitcoin is eating into gold's demand.”

I. Navigating Risks and Opportunities in an Era of Monetary Expansion

This year, as expected, central banks worldwide unleashed massive monetary stimulus. The U.S. Federal Reserve embarked on unlimited quantitative easing (QE), buying bonds on an unprecedented scale. In just a few months, its balance sheet ballooned by 65%, peaking at $7.22 trillion, with the monetary base expanding by $3 trillion. To put this in perspective, during the 2008 crisis, the Fed's balance sheet only grew from $1 trillion to $2.85 trillion by the end of 2012. This year's expansion is truly historic. Fed Chair Jerome Powell's message was clear: “We will do whatever it takes to support the economy.”

The U.S. wasn't alone. In March, the European Central Bank (ECB) joined the fray, first expanding its QE program by €120 billion and then launching a €750 billion Pandemic Emergency Purchase Programme (PEPP). By the end of August, the ECB's total assets had surged from €4.67 trillion in January to €6.44 trillion.

This raises a critical question: where will all this new money go?

While we often think loose money leads to higher consumer prices, inflation often shows up first in rising asset prices. Easy money provides liquidity and leverage to financial institutions, funneling capital into equity markets and inflating the value of financial assets. Since the wealthy hold most of these assets, their fortunes grow, while ordinary people—with little exposure to such markets—see the wealth gap widen even further.

To navigate this era of aggressive monetary policy, investors must allocate capital to high-quality assets. This serves a dual purpose: hedging against inflation and capturing the wealth appreciation driven by surging liquidity. In capital markets, we've seen both gold and U.S. equities hit record highs. Meanwhile, Bitcoin—often dubbed "digital gold"—has emerged as a novel store of value and a vehicle for wealth appreciation, gaining significant interest from traditional institutions. Market confidence in Bitcoin's role as a hedge against dollar-denominated inflation is stronger than ever.

II. Cryptocurrencies and the Great Wealth Transfer

In a report titled “Wealth Transfer Driving BTC Adoption as a Mainstream Investment Asset,” Grayscale highlights survey data showing the number of potential Bitcoin investors rose from about 21 million in 2019 to 32 million in 2020. In 2019, 53% of investors said they were "familiar" with Bitcoin; by 2020, that figure reached 62%. Over half of respondents believe digital currencies will become mainstream before 2030. Crucially, an estimated $68 trillion in wealth will transfer to younger, more crypto-inclined generations over the next 25 years.

Bitcoin is widely known as “digital gold,” sharing key attributes like scarcity and global consensus with its physical counterpart. In today's environment of massive monetary expansion, Bitcoin stands out as a premier safe-haven asset—some argue it's an even more practical substitute for gold.

Nobel laureate economist Paul Krugman made a striking observation: “Gold is dead… Bitcoin is more practical than gold—and could ultimately be more valuable.”

Furthermore, Bitcoin's rally draws off-chain capital into the broader blockchain ecosystem. This unlocks growth potential across the industry and triggers capital rotation throughout the crypto market. For investors, this means Bitcoin's momentum often spills over, driving interest and investment into other cryptocurrencies.

Recent market dynamics illustrate this pattern: after Bitcoin, the market leader, breaks new ground, capital typically rotates into major altcoins, lifting overall sentiment. Given varying growth potentials, investors often start with Bitcoin, then diversify into major coins and promising new projects within their risk tolerance. A recent example is the breakout project GUSDT, which surged from $1 to $8.8 after listing on MXC, capturing significant market attention.

III. The Rising Contender: GUSDT

In traditional venture capital (VC), access is largely restricted to the wealthy, creating an exclusive club. This concentration of control makes fundraising incredibly difficult for countless startups. Many potential future giants are stifled before they even begin. GUSDT aims to break this VC monopoly and reshape the rules of investment.

The GUSDT platform offers a solution. By leveraging blockchain and cryptographic technology, it creates an open, transparent platform that challenges traditional crowdfunding and fund management models. It allows startups to raise capital more quickly, easily, and efficiently, bypassing the arduous gatekeeping of traditional VC. For everyday investors, it opens the door to high-potential opportunities, removing steep entry barriers and technical complexity.

In trading and investment, individual investors are typically outmatched by institutions in terms of capital, strategy, and risk management—especially in crypto. To compete, retail participants often feel they must become experts: reading whitepapers, analyzing project fundamentals, and vetting teams. Doing this alone is a daunting task. The GUSDT platform handles this heavy lifting for its users. Its expert team manages diversified portfolios, applying specialized risk-management expertise and technology to deliver tailored, high-value returns.

Beyond this, any quality project needs strong, real-world use cases—like lending protocols, exchanges, or oracles—that address genuine market needs. These use cases form the foundation for sustainable growth. So, what real-world problems does GUSDT solve, and how large is its potential market?

GUSDT Digital Asset Exchange: As of August 2020, the global crypto exchange market was valued at over $350 billion.

Global Online Banking: By 2024, users of cryptocurrency-based payment methods are projected to reach nearly 4 billion—meaning roughly half the global population could be using digital payments.

Medical Cannabis & Agri-Tech: The total medical cannabis market revenue is expected to hit $200 billion, with the global cannabis industry potentially reaching $500 billion.

Content Delivery Networks (CDN) & Live Streaming: Based on current trends, China's CDN market is projected to grow rapidly, reaching approximately ¥95 billion by 2025.

Decentralized Finance (DeFi) Protocols: The total market capitalization of DeFi currently stands at around $20 billion.

Additionally, GUSDT's roadmap includes ventures into blockchain gaming and mineral exploration. Moving forward, GUSDT remains committed to its ambitious vision, working to deliver consistent value to users while exploring new frontiers in the decentralized economy.

IV. Are You Ready?

Amid a global environment of monetary easing, institutional investment in Bitcoin is on the rise. Mainstream sentiment has shifted from skepticism to acceptance, with a growing recognition of blockchain technology's vast commercial potential. In the coming years, blockchain and cryptocurrencies are poised to fundamentally reshape traditional business models.

As a foundational technology for the next generation of the internet, blockchain stands out as one of today's most promising investment frontiers. After decades of evolution, it has now entered a golden age of development. Are you prepared?

Disclaimer: The content above is for informational purposes only and does not constitute investment advice. All investments involve risk; please proceed with caution.