December 25th, BTC quote 87785.

2025 has truly seen too many events. Global debt hits a peak, social conflicts intensify, geopolitical tensions worsen, great power competition heats up, AI technology advances rapidly—any trigger point could reshape the world's political and economic landscape. Now ask yourself a question: if you had seen through these macro trends earlier, would you choose gold, stocks, or crypto assets?

What if these factors continue to escalate next year? You really need to think it through. Because they are likely to continue worsening.

Let's analyze the current situation.

**Stocks**: The logic is quite clear. High debt means debt reduction; currency devaluation eases repayment pressure; geopolitical conflicts are costly, especially with strong demand in European military industries; the US stock market's total market cap approaches 70 trillion; AI continues to burn money—sustained growth requires continuous inflow of funds. The domestic economy is in deflation, with policies aimed at building a financial powerhouse. Conclusion? The certainty of stocks is evident.

**Precious metals**: Their hardcore attributes are undeniable. The reasons for rising are simple: currency devaluation + geopolitical tensions heating up = credit ratings of countries decline + bond risks increase. People naturally flock to hard assets.

**The main event is BTC**.

Assuming a large liquidity injection next year (not unlikely), BTC's advantages and disadvantages are very clear. On the advantage side: scarcity is unmatched, liquidity is strong, growth potential is high; on the disadvantage side: volatility of risk assets is terrifying, plus the short history and ongoing validation of its value proposition.

When will it surge? Four possibilities: first, a bubble burst in tech stocks, prompting funds to seek safe havens; second, macro liquidity overflows, with no place to go; third, prices drop enough for the bubble to fully release; fourth, BTC is truly endowed with macroeconomic significance. But for all four to happen, BTC's market value must become large enough to turn it into a genuine safe haven asset, stable enough to detach from risk assets. Otherwise, in this century's major upheaval, it remains the weaker side.

Where are the opportunities? In the mid-stage of the big upheaval. By then, the leading assets will have already soared, markets will still be flooding with liquidity, currencies will continue to devalue, and if BTC's price is low enough, it can attract speculative and latecomer capital. Plus, BTC's inherent safe haven qualities, combined with policy support, make a reversal quite possible.

**So the conclusion is**: BTC is expected to undergo a major reversal in 2026 or 2027. Especially during the mid-market phase, when leading assets are in fierce competition, BTC's weaker position might actually become a bargaining chip for a comeback. The current price may be more attractive than you think.