Gold has just outperformed US Treasuries.

We're talking about real gold in official reserves, which has surpassed traditional US government bonds to become the world's largest reserve asset. This international financial landscape, which has been discussed for decades, may truly be undergoing a reshuffle.

Historically, every major upheaval, like World War I and II, was only clearly defined after the fact. We are currently in the midst of a significant event, just not fully aware of it yet. That old saying is not just casual talk—"In chaotic times, gold is the refuge"—it's truly meaningful.

But the story behind this is more important than whether gold itself is rising. The truth behind gold's strength is the reshaping of the global asset belief system. More and more countries and institutions are reconsidering asset allocation; confidence in fiat currencies is weakening, and demand for hard assets is increasing. The era is undergoing dramatic change, and gold is just one manifestation of this upheaval.

What does this mean for the crypto market? On one hand, there is pressure—the market's risk appetite is adjusting. On the other hand, this could be a once-in-a-millennium opportunity. Assets like BTC and ETH have long promoted themselves as "digital gold," but they have never been truly validated on a large scale. Now, this reshuffling of the global asset landscape provides a perfect stage for them to prove themselves. Either they earn their title or they are just a speculative symbol. The choice is in the market's hands.