Macro Economy

For decades, the market has always believed that central banks and governments could always "win the economy" by raising interest rates and preventing major crises, and now that confidence is starting to fade. When Japan failed to contain its bond volatility and politics interfered with monetary policy, the market began to realize there is no such thing as absolute stability. Stocks, crypto, and other risk assets were repriced not because the economy suddenly declined, but because the market's fundamental beliefs changed. Gold rose not only because people were afraid, but because gold doesn't need banks, governments, or debt. Bitcoin is still considered a risky asset by large investors, but that doesn't mean its fundamentals are broken. I see us entering a new era where assets are no longer valued by stories and promises, but by their true function. The assets that survive are those that remain useful when the system is unstable. Bitcoin, gold, energy (real needs).