The fact that Bitcoin has soared past $125,000 isn’t just another story. It’s indicative of an unacknowledged currency battle that many are unaware they’re losing. There’s a reason the economy feels “off.” While Wall Street continues to tally gains in diminishing dollars and politicians tout growth, mainstream media focuses on asset surges. But if we measure traditional wealth in Bitcoin, the illusion of luxury crumbles.
The altering metric: illusions in USD
A glance at the markets reveals apparent wealth in everything from stocks to real estate. The celebration seems vibrant if you’re thinking in terms of dollars. However, if you adjust your perspective, the impressive performances touted suddenly appear more like desperate attempts than triumphs.
Gold has risen 45% this year, just hitting $3,900/oz. Sounds optimistic, right? But when you assess U.S. homes or the S&P 500 in gold, the returns are flat (or even negative). The familiar cycle continues: when the currency is devalued, asset prices soar, but true wealth remains stagnant when evaluated against solid collateral.
In Bitcoin terms: severe real losses
The true horror unfolds when we consider Bitcoin, the asset that keeps reaching new heights and increasingly resembles digital gold. The median U.S. home prices, deemed “safe” real estate, have plummeted from 9–10 BTC in 2021 to under 4 BTC today.
What about gold? Over the past five years, Bitcoin has surged by 952%, whereas gold has only climbed 104%. That’s before considering stocks and homes. The real losses are catastrophic. Traditional assets fade into obscurity, and wallets filled with BTC begin to resemble winning lottery tickets.
Beyond the currency debasement; it’s a record of collapse
Let’s be honest. The narrative of Bitcoin as a “risk asset” is mere denial. Wall Street categorizes BTC alongside tech stocks for comfort, yet its price movements highlight it as a reserve ledger, discounting everything else since 2020. Should Bitcoin continue its ascent, the current charts—stocks, property, and gold—will merely serve as historical ledgers of valuations marked down for reassessment.
Macro and crypto analyst SightBringer noted on X that this is a hallmark of pre-hyperinflation and regime shifts:
“This is the same signature that marked every pre-hyperinflationary or currency regime shift in history: when individuals cling to the debasing unit, they feel affluent, but when assessed against the next credible collateral, their system is already faltering.”
Salaries are stagnant, debt is ballooning, policies are spinning, and media still speaks USD. On the ground, the unit-of-account is deteriorating quicker than anyone can acknowledge, with the only truthful measure recorded in BTC.
The concluding phase: the carry trade’s final stand
America’s carry trade is running low: attracting global investments, inflating domestic asset values, and passing on the risk. Gold? Stagnant. Property? Crashing in BTC. The polite discourse has ended, and few are adequately prepared. As SightBringer asserts:
“This isn’t just another market cycle. It’s the transition phase of the unit-of-account. And nearly everyone is misaligned because they’re still gauging their ‘returns’ with the wrong metric.”
Bitcoin is not merely on the rise; it’s unveiling the quiet currency war. The demise of the dollar doesn’t assure a Bitcoin victory, but the true casualties remain applauding from within the gradually melting ice cube.
