Recently, I have revisited economic discussions on how countries fall into fiscal crises, combined with the latest market trends for a thorough review, and gained a lot.

In fact, this set of theories is particularly helpful in understanding the current global economic cycle. The debt spiral at the national level, monetary policy adjustments, asset price fluctuations—these macroeconomic logics ultimately propagate to the crypto market.

From debt expansion to currency devaluation, and then to asset re-pricing, the entire chain is interconnected. Understanding this framework allows for a better grasp of why institutions and high-net-worth individuals allocate assets like Bitcoin, a non-sovereign asset.

It is worth spending time to deeply study these economic models, especially for their guiding significance in long-term investment decisions and risk management.