As Bitcoin reattains $96,000, the market sentiment has quietly shifted. Once simply classified as a speculative tool, it now attracts continuous buying from institutions and professional investors — but this is no longer just about chasing gains; it’s a strategic bet based on macro financial positioning, industry development logic, and asset value restructuring.

The core logic behind this is actually quite clear: combating the global fiat currency’s credit dilution. In the post-pandemic era, the world’s major economies are all caught in the same dilemma — excessive money supply and high fiscal deficits. While the US dollar remains the dominant global reserve currency, its supporting credit foundation is gradually being eroded. Actions by central banks around the world illustrate this: some are aggressively increasing gold reserves, while others are tentatively allocating assets like Bitcoin, a decentralized asset.

Real-world examples are right in front of us. Norway’s sovereign wealth fund holds Bitcoin through indirect ownership, while El Salvador has more directly incorporated Bitcoin into its sovereign reserve ledger. These signals together tell the same story: Bitcoin is evolving from a civilian speculative tool into a strategic reserve supplement at the sovereign level.

Why is this happening? Numbers speak for themselves. The total supply of Bitcoin is locked at 21 million coins, and the four-year halving mechanism continues to suppress inflation. After the 2024 halving, the annual inflation rate has fallen to 0.78% — a figure lower than gold. In 2026, when the Federal Reserve may relax monetary policy, this scarcity value will become even more prominent. In an environment of abundant liquidity, assets that are truly scarce and decentralized naturally become the optimal hedge against fiat devaluation.