#比特币与黄金战争 An interesting phenomenon has been observed—major economies around the world have been continuously increasing their gold reserves in recent years. Based on this ongoing central bank activity, this momentum is unlikely to reverse in the short term. Why are countries so optimistic about gold? Put simply, under the backdrop of geopolitical uncertainties and fluctuating U.S. dollar policies, the appeal of hard assets like gold is rising. The logic behind central banks hoarding gold is clear—risk hedging, value preservation, and wealth storage. This behavior itself sends a signal to the market: the allocation value of precious metals is being re-evaluated. If this trend continues to develop, the potential for gold prices to rise could be further unlocked. It is worth paying attention to the subsequent reserve movements of central banks around the world.