Teacher Li's idea is very interesting. I don't have a very clear understanding of it yet, but I can grasp the concept. If we follow the current logic that the rise in gold is due to concerns about economic or geopolitical risks, making it a safe-haven asset, then it is quite normal for gold to outperform $BTC in the past year or two. However, when we enter a period of monetary easing (which should still be within this cycle), more funds are likely to shift from safe-haven assets to risk assets.

To add a point, I believe that from 2022 to now, we have been in the same cycle, which is related to the Federal Reserve's adjustment cycle from rate hikes to rate cuts. However, according to the cryptocurrency market's four-year cycle, it is indeed possible that in the coming year, gold may outperform BTC and even the U.S. stock market.

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