BTC is more like a financial cycle asset, while gold, silver, and copper resemble hard currencies in the AI and electrification era.

In the stablecoin era, BTC remains one of the most important risk outlets within the stablecoin system, but it is not the only one, nor the automatic beneficiary.

Only when the growth of stablecoins corresponds to a rise in risk appetite will BTC benefit significantly.

Therefore, by 2026, BTC may not necessarily outperform gold, silver, and copper, which have already entered the real economy cycle this year.