In the current macro environment, privacy assets have once again become the market focus. The US debt has surpassed $38.3 trillion, what market risks are hidden behind this figure?

The market has shown clear signs of pressure. Bitcoin recently experienced a single-day drop of 6%, causing 190,000 traders to be liquidated, with total losses of approximately $550 million. Meanwhile, silver prices surged by 170%, platinum by 178%, and traditional safe-haven assets performed significantly better than risk assets. Nvidia's market value evaporated by $1.3 trillion within two trading days, and lithium battery-related materials soared by 150% in a single month—these uncoordinated movements reflect a global capital reallocation.

Some analysts believe we are reenacting the script of the 2008 financial crisis, but this time with new variables from the digital currency and AI revolutions. High leverage has led to bubble bursts, liquidity freezes becoming the greatest risk, and Bitcoin and other cryptocurrencies may act as amplifiers of volatility rather than safe havens.

In the face of this situation, a prudent asset allocation strategy becomes especially important: first, keep leverage in crypto exposure below 3x, and clear overvalued AI-related positions; second, allocate 15% in physical precious metals and 10% in Bitcoin spot as hedges, with a stop-loss set at $80,000; third, focus on energy hard assets, including strategic materials like electricity and uranium mines; finally, reserve 40% in cash positions to seize opportunities when the market fear index (VIX) breaks above 40.

Historical data shows that after a crisis, Bitcoin typically rebounds by over 400%, the gold-to-silver ratio usually converges by about 30% within six months, and mispriced energy stocks often lead the rally with gains exceeding 200%. Risks and opportunities often coexist; the key is to identify trends clearly and deploy precisely.