Not only is Bitcoin breaking its all-time high above $125,000, it’s not just a headline. It’s an invisible currency war scoreboard. The system feels “off” for a reason. Wall Street is still counting for melting the dollar, politicians preaching prosperity, and legacy media tracking the asset boom. But it turns the standard upside down, measures the traditional wealth of Bitcoin, and measures the gold-plated fantasy cracks.
Shift denominator: USD illusion
From stocks to real estate, the market and it scans wealth everywhere. If you’re still thinking in dollar terms, the party looks furious. But zoom out and switch units: Everyone’s proud performance looks like a final breather suddenly than a victory lap.
Gold has risen 45% since the start of the year, clocking $3,900/oz. It sounds like a bit harsh, right? You get a flat (and sometimes negative) return unless you price a US home or gold on a S&P 500. It’s the same old story: the prices of currency and assets surface, but when measured against actual collateral, actual wealth stagnates.
Bitcoin Terminology: Catastrophic Real Losses
But the actual nightmare begins when you use Bitcoin. Assets reach new highs and act like digital gold each day. The median home prices in the US, which are so-called “safe” real estate, have now fallen below 4 btc from 9-10 btc in 2021.
The money itself? Over the past five years, Bitcoin has increased by 952% and Gold has increased by just 104%. That’s before you throw stocks and houses into the mix. A devastating real loss. Old World assets are irrelevant and wallets measured in BTC appear to win lottery tickets.
It’s not just about defraud trade. It’s a falling ledger
Let’s be real. The “risk assets” meme about Bitcoin is purely a response. Wall Street Box BTC is next to high-tech stock to get the comfort of the story, but its price action screams marking down everything else after 2020. If Bitcoin continues to monetize, today’s charts, inventory, property and gold will all be historic ledgers, which are marked for revaluation.
As Macro and Crypto analyst Sightbringer points out in X, this is what the history of pre-hyperinflation and regime shifts always appears to be:
“This is the same signature that marked all hyperinflation or historical changes in the currency regime. They feel rich when people cling to the behumiliation unit, but measured with the next reliable collateral, their system is already falling apart.”
Wage delays, debt explosions, policy turnover, media is still talking about USD. On the ground, it is a current unit that is falling apart faster than anyone can catch up, marking the only honest scoreboard in BTC.
Final Stage: The final stand of carry trade
The American Imperial Carry Trade is running in smoke. It attracts global capital, inflates asset prices at home, and exports risk. gold? Stagnation. property? It collapses with BTC. A thorough explanation is given and no one is properly arranged. As Sightbringer affirms:
“This is not a normal market cycle. It’s a unit-by-unit transition phase, and almost no one is placed on it because you’re measuring the ‘return’ with the wrong yardstick. ”
Bitcoin doesn’t just go up. It exposes the silent currency war. The dying of the dollar won’t win Bitcoin, but the real losers still cheer from inside the melted ice cubes.