#贵金属黄金与白银刷新历史高位 The script is actually quite clear. Once large capital truly incorporates digital assets like $ETH into their asset allocation, traditional players will have to change their approach. They won't go all-in on crypto; instead, they'll adopt a "hedge portfolio": combining crypto assets with gold. This is how the risk-hedging logic of the old and new worlds will merge.

Think back to the last time Bitcoin hit a new all-time high, gold also surged to a historic level. This time, it's Ethereum with a more complete ecosystem and richer use cases. The traditional hedging logic still applies. Will precious metals follow suit? Or will they truly remain silent?

More and more signs indicate that institutions are rethinking their asset allocation. Although cryptocurrencies are highly volatile, the underlying technology and ecosystem are genuinely developing. Gold, as a safe haven for thousands of years, is unlikely to fall behind. The two dancing together might actually become the standard for asset protection in the new era. This market movement is worth paying close attention to.