"US Dollar Crisis" Warning Intensifies: Gold and Silver May Surge in 2026, Bitcoin Considered Significantly Undervalued

On December 26, according to Forbes, as Bitcoin retreated from its October all-time high, concerns about the dollar-based system are intensifying. Analysts warn that the dollar may face structural downside risks, while the continued rise of gold and silver before 2026 could open new upside potential for Bitcoin prices. Data shows that Bitcoin is currently hovering around $90,000, significantly below its previous high of approximately $126,000; during the same period, gold has increased by about 20% year-to-date, and silver by as much as 64%. Ramnivas Mundada, Head of Economic Research at GlobalData, stated that the rise in precious metals in 2025 signals a shift from an “USD-centric” international monetary system toward a multipolar structure. It is expected that by 2026, gold still has 8%–15% upside, and silver could rise another 20%–35%. Analysts believe this trend is not merely a safe-haven trade but a strategic allocation by institutional investors amid geopolitical tensions, slowing U.S. economy, trade friction, and accelerated “de-dollarization.” The market also bets on the Federal Reserve further cutting interest rates in 2026, which would weaken the appeal of the dollar. U.S. President Trump recently stated that he hopes the new Fed Chair will actively cut rates when market conditions are favorable, fueling expectations of easing policies. Meanwhile, economist Peter Schiff, who has been bearish on the dollar for a long time, openly stated, “Dollar hegemony is coming to an end,” and claimed that gold will once again become a core reserve asset for central banks. Notably, while gold and silver have surged significantly, Bitcoin’s recent performance has been relatively lagging. Bitbank analyst Yuu Hasegawa also pointed out that amid signs of “overheating” in U.S. stocks and commodities, Bitcoin’s current valuation appears undervalued and may attract valuation-based capital inflows in the future.