Trump 2.0 Era: The Return of the Gold Standard and the Future of Cryptocurrency The price of gold is soaring! The US Treasury Secretary suggests a reassessment of gold reserves, and the cryptocurrency market may experience a major shock! Recently, a statement by US Treasury Secretary Scott Besant has caused a stir in global financial markets. He hinted that the US government may reassess its gold reserves in the next 12 months, which directly drove up the price of gold. You should know that the Federal Reserve does not directly hold gold, the Treasury Department is the manager of gold reserves. If gold is revalued, the US government will receive huge unexpected gains, which undoubtedly injects a shot in the arm into the global market. Is history repeating itself? Roosevelt's' Golden Strategy 'may repeat itself Looking back at history, the United States reduced debt pressure by repricing gold in 1933. At that time, President Roosevelt significantly increased the price of gold from $20.67 per ounce to $35 per ounce, which helped the United States overcome the economic crisis. Nowadays, it seems that Besent is also promoting a similar strategy, even hinting at the possibility of anchoring monetary policy through gold and returning to a gold exchange standard similar to the Bretton Woods system. Will the price of gold soar to $3250 per ounce? If the United States really returns to the gold standard, the price of gold may be set at a high of $3250 per ounce! This will greatly limit the Federal Reserve's discretion and may trigger further increases in global gold prices. For the cryptocurrency market, this is undoubtedly a huge variable. As a traditional safe haven asset, the soaring price of gold may attract a large amount of funds to flow out of the cryptocurrency market and instead invest in gold. The pros and cons of the gold standard: stability or risk? Returning to the gold standard does have its advantages. It can help stabilize the currency, curb inflation, and provide liquidity to the debt market. However, the volatility of gold prices may also have a significant impact on fiscal policy. Overreliance on gold may trigger deflationary pressure, especially in the context of increased global demand. Future monetary policy will need to find a balance between gold prices, debt growth, and market liquidity to avoid the outbreak of financial crises. The future of cryptocurrency: challenges and opportunities brought by the return of gold For the cryptocurrency market, the return of the gold standard is both a challenge and an opportunity. The setting of gold prices is closely related to liquidity growth, and if gold returns and sets a price benchmark, it may have a profound impact on the performance of cryptocurrencies and other inflation hedging tools. Cryptocurrencies such as Bitcoin have long been regarded as' digital gold ', but if traditional gold prices soar, the attractiveness of cryptocurrencies may be impacted. Summary: The game between gold and cryptocurrency is about to unfold The return of the gold standard will undoubtedly bring significant changes to the global financial market. For cryptocurrency investors, this is both a risk that requires vigilance and a potential new opportunity. In the coming months, the trend of gold prices will become the focus of market attention, and the cryptocurrency market will also seek new positioning in this game.