When the central bank releases over 500 billion USD in liquidity within half a year, have gold and Bitcoin already priced in this round of QE in advance? This is a question worth pondering. Historically, whenever large-scale monetary easing is initiated, safe-haven assets and scarce assets tend to be revalued. Gold, as a traditional hedge instrument, and Bitcoin, as a store of value in the digital age, do not perform exactly the same under extreme easing environments—but both point in the same direction: liquidity overflow. The scale of QE in the first half of the year has already been sufficient to change market expectations, so the subsequent market development may already be reflected in current asset prices.