BTC is a macro asset

Nakamoto 2025-9-17 16:54 40955人围观 BTC

Ten years ago, many people’s first reaction when they saw Bitcoin was: “What is this? A point that can be used to fry instant noodles? ” The result? Back then, one BTC could buy two pizzas, but now one BTC can buy two houses (of course it depends on the city, excluding Beijing, Shanghai and Guangzhou).

This is the most amazing thing about financial history - at first you laugh at it as unreliable, but later you find that it has been put on the global macroeconomic chessboard like the US dollar and gold.

What we are going to talk about today is not whether BTC is “air”, but that it has become aMacro assets。

What are macro assets? To put it bluntly, they are those things that can be turned upside down by a single word from the central bank, Wall Street bosses, and the chairman of the Federal Reserve: the U.S. dollar, U.S. bonds, gold, and oil. Now, BTC is also in this league.

When the Fed raises interest rates, it falls.
When the Fed releases money, it rises. This shows that it is no longer just a "coin circle leek game"; Part of the global money game。

Why BTC can become a macro asset

Liquidity Thermometer” BTC rises and falls faster than many stock indexes. Global funds are tight, it falls first ； When funds are loose, it rises first. Like an impatient "financial early warning alarm."
Institutional support From the listing of Bitcoin ETFs to more and more funds and family offices allocating BTC, the capital market has given it an "ID card", transforming it from a small gangster into a "regular army" in the financial circle.
USD Hedging Instrument The world is in turmoil and inflation is at its peak. Everyone needs to find a place to "have a safe haven". Gold is too old and real estate is too heavy. BTC is light and circulates globally. It is regarded as "digital gold" and has become an option to hedge against the hegemony of the US dollar.

Chinese people have always paid attention to "looking at the general trend". Real estate speculation depends on the city, stock speculation depends on policies, and the same goes for currency speculation. The significance of BTC is not just a speculative opportunity; A window to observe the global economic landscape。

When the Fed changes direction, the price of BTC often reacts first.
Global risk sentiment changes, and BTC is a "sensitive thermometer."

Therefore, understanding BTC is not to blindly stud, but to learn to use it toSee the flow of the world clearly。

The story of Bitcoin is, in a sense, a financial parable of this era: from a "little player who is not doing his job" to a "big actor in the global macro". In the future, it may have ups and downs, but its status has been determined —— BTC is a macro asset。

Remember: you don’t have to buy it, but you can’t understand it. Because understanding BTC actually means understanding this era.