Recently, there is an interesting phenomenon in the market: gold has broken through $4400 to reach a new historical high, while several research institutions are optimistic about the prospects of the crypto market in 2026. $ETH $BNB and other mainstream tokens have also strengthened in response.

At first glance, the two markets seem to be in competition, but upon closer inspection, the logic may be reversed: global funds are all looking for value containers that break away from the traditional financial system. The surge in gold is behind concerns about mainstream currency, while encryption tells a new story — continuous adoption by institutions, asset tokenization, and the integration of AI with on-chain ecology.

The liquidity during the holiday is inherently weak. The simultaneous strength of gold and encryption indicates that it is not just a trend driven by sentiment, but rather a reallocation of long-term capital. Institutional investors see three major directions for 2026: first, traditional financial institutions further embracing digital assets; second, the on-chain representation of real-world assets becoming a mainstream topic; third, the integration of AI applications with Web3.

What do you think about the logic of the fund flow behind this?