Huobi HTX Chief Analyst Cloud: In the High Interest Rate Era, US Treasuries, Gold and BTC Each Have Allocation Value

November 12 — According to official sources, Huobi HTX Chief Analyst Cloud said during the 8th livestream of the Huobi Master Lecture Hall that the high interest rate environment is reshaping global asset pricing logic, and that US Treasuries, gold and BTC each have different sources of return, risk characteristics and allocation value. Among them, short-term US Treasuries, with their relatively stable coupon income, are more suitable as a defensive allocation; gold mainly serves the functions of hedging credit risk and diversifying assets; BTC is characterized by high volatility, and its subsequent performance requires close attention to macro liquidity, market risk appetite and institutional capital flows.

Cloud further analyzed asset performance under four macro scenarios — soft landing, stagflation, recession and recurring inflation — and emphasized, "There is no all-purpose asset, only different role divisions." In the current complex market environment, investors should place greater emphasis on risk management and portfolio allocation, avoid betting on a single asset, and respond to the opportunities and challenges brought by the global repricing of assets with a more rational strategy.