Warnings of a dollar crisis are intensifying; gold and silver may surge in 2026; Bitcoin is considered significantly undervalued.

According to ChainCatcher, citing Forbes, concerns about the dollar system are intensifying as Bitcoin retreats from its all-time high in October. Analysts warn that the dollar may face structural downside risks, while the continued rise in gold and silver prices before 2026 could open up new upside potential for Bitcoin.

Data shows that Bitcoin is currently hovering around $90,000, a significant drop from its previous high of approximately $126,000; during the same period, gold has risen by about 20% year-to-date, while silver has surged by as much as 64%. Ramnivas Mundada, Head of Economic Research at GlobalData, stated that the rise in precious metals in 2025 signifies a shift in the international monetary system from a "dollar-centric" to a multipolar structure. He predicts that by 2026, gold will still have 8%–15% upside potential, while silver may rise another 20%–35%. Analysts believe that this trend is not simply a safe-haven transaction, but rather a strategic allocation by institutional investors against the backdrop of geopolitical tensions, a slowing US economy, trade frictions, and accelerated "de-dollarization."

The market is also betting on further interest rate cuts by the Federal Reserve in 2026, which will weaken the dollar's appeal. US President Trump recently stated that he hopes the new Fed chairman will aggressively cut rates when the market is performing well, fueling expectations of further easing policies. Meanwhile, economist Peter Schiff, a long-time dollar bear, bluntly stated that "the dollar's hegemony is coming to an end," and that gold will once again become a core reserve asset for central banks. It's worth noting that while gold and silver have surged, Bitcoin's recent performance has lagged behind. Bitbank analyst Yu Hasegawa also pointed out that against the backdrop of "overheating" in US stocks and commodities, Bitcoin's current valuation appears low, potentially attracting valuation-based capital inflows in the future.