When we examine the true representation of the cryptocurrency asset market, the perspective needs to be broadened: this is not just a story about Bitcoin itself, nor simply a comparison with gold, but a deep transformation of the entire macroeconomic momentum.

A review of the historical timeline reveals the clues. In 2016, after gold reached a cyclical high, it entered a consolidation phase. Subsequently, in 2017, Bitcoin experienced a massive surge — this was not an isolated event, but a true reflection of macro liquidity and investor risk appetite adjustments.

From an asset allocation perspective, the cyclical performance of gold and Bitcoin often resonates with changes in the global economic landscape. When traditional financial instruments lose their appeal and markets seek alternative value carriers, these assets become important choices for investors to hedge risks and pursue returns. Understanding this macro background is essential to truly grasp what is happening in the market.