Global liquidity experts say Bitcoin and gold are the preferred core assets for hedging against long-term monetary inflation.

According to Mars Finance, on November 25th, global liquidity expert Michael Howell stated in his latest podcast that the trend of monetary inflation—which has had a significant impact on the market over the past decade—is expected to continue for at least another two or three decades. Against this macroeconomic backdrop, Bitcoin and gold have become reasonable choices for investors to hedge against inflation. He suggested that when holding Bitcoin in a portfolio, adjustments should be made based on volatility to optimize risk and return. Howell cited data from the Congressional Budget Office (CBO), pointing out that from 2000 to 2025, the stock of US federal government debt will increase tenfold, while the S&P 500 will rise less than fivefold during the same period, and the price of gold will increase twelvefold. This continuously expanding debt environment provides long-term value support for Bitcoin and gold. Regarding Bitcoin market cycles, Howell stated that he has not found clear evidence of a "four-year cycle" in historical data, but Bitcoin halving cycles can be observed, and the current trend shows that the cycle is gradually converging. He emphasized that investors should consider both long-term trends and cyclical fluctuations when constructing cryptocurrency portfolios. In terms of investment strategy, Howell suggests that investors should hold core positions in Bitcoin, gold, and high-quality assets that perform well during periods of inflation (such as high-quality residential real estate and stocks of high-quality companies with pricing power). At the same time, tactical adjustments can be made to the portfolio to mitigate risk and optimize returns when market cycles reach inflection points.