A historic inflection point is taking shape.

What has never happened in the past thirty years is now in front of us—global central banks' gold holdings have surpassed dollar assets for the first time. This is not a short-term fluctuation but a clear "change of course" signal.

**Looking at the Data for Direction**

From Asia to Europe, and then to the Americas, central banks are increasing their gold reserves at the fastest pace in decades, while significantly reducing their U.S. Treasury holdings. The underlying logic is straightforward: combating inflation and avoiding sovereign risk. U.S. Treasuries are increasing by $1 trillion every hundred days, and central banks are voting with gold—no counterparty risk, and no fear of currency dilution.

**Technical Signal**

On a longer cycle, gold's price has broken through multi-year resistance lines. The price has stabilized above $2000 and formed a solid support level. The shift in central bank behavior is not just about risk aversion; it is supported by both fundamental and liquidity factors. Coupled with the accelerating de-dollarization process (BRICS expansion, promotion of local currency settlement, energy pegged to gold, and other initiatives), the monetary attributes of gold are undergoing a systemic re-evaluation.

**Deeper Game**

This is not just asset reallocation but a bet on the future monetary landscape. Over 40% of the world's population is in countries pushing for de-dollarization, moving from verbal commitments to actual actions. Gold has become the most resilient consensus carrier in this transformation.

As institutional buying gradually becomes the new normal, the predicted gold price of $4600 by some analysts no longer seems so aggressive. The dollar is weakening, and gold is shining.

What does this mean for Bitcoin and other cryptocurrencies? The shift in central bank allocations, the reallocation of global liquidity, and rising risk aversion—all are worth serious consideration by players.