The Currency Trio of the Entropy Era: The Golden Ark, the Twilight of the Dollar, and the Babel of Computing Power

The current capital market is experiencing a triple variation of "US Dollar Decoupling - Gold Surge - Bitcoin Awakening". When first reading "Love, Death, Bitcoin" that folded three hundred years of monetary epic into a ten-thousand-word masterpiece, looking at the curve of gold and BTC rising in resonance on the phone, I momentarily glimpsed the monetary debris floating in the historical river - the Dutch guilder's tulip bubble not yet dissipated, the echoes of the British pound's naval guns still reverberating, and the American flag fading in the data torrent. This inevitably reminds the author of Braudel's insight in "The Mediterranean and the Mediterranean World in the Age of Philip II": The twilight of every hegemonic currency is a metaphor for civilizational entropy increase. At this moment, gold awakens in central bank vaults, BTC whispers in computing power matrices, and the US dollar wanders on the edge of a debt cliff, with the space-time fold they constitute concealing a capital allegory more profound than Keynes' "animal spirits". After re-reading the secret history of banking families by William Endahl late at night, I suddenly discovered that the shadow cast by those thirteen stone pillars when the Federal Reserve was established in 1913 has extended to the Pioneer Group's ETF matrix and BlackRock's BTC spot fund a hundred years later. This fateful cycle is exactly like the civilization season depicted by Spengler in "The Decline of the West" - when gold flows from the secret rooms of South African dictators to London vaults, when the US dollar rises from the ruins of Bretton Woods to the throne of the petrodollar, when BTC transforms from Satoshi Nakamoto's cryptographic puzzle to "digital gold" in institutional position reports, humanity's pursuit of absolute value has always oscillated between the heavy curtain of power and the cracks of freedom. Let me throw a brick to attract jade, and with my personal experience, modest insights, and the fragments of financial history as a torch, attempt to illuminate the eternal theater of monetary Babel's collapse and reconstruction: Pt.1. Hegemony Transformation: From Gold Anchor Chain to Petroleum Sovereignty Evolution Tracing back to Hamilton's central bank concept in 1790 and the secret birth of the Federal Reserve in 1913, the gene of US dollar hegemony has always been engraved with the capital will of "industrial age giants". The establishment of the Bretton Woods system pushed the US dollar to the altar, and as Keynes warned, the "gold shackles" ultimately became a sacrifice to the Triffin dilemma - Nixon's "Default Sunday" in 1971 declared the end of the gold standard but gave birth to a new petrodollar order. Pt.2. Millennium Paradox: From Barbaric Relic to Collapse Omen From Roman gold coins to Bretton Woods' anchoring objects, gold has always played the role of "Noah's Ark during crisis periods". The price surge after the 1971 US dollar's gold decoupling (35→850 USD/oz) was essentially an adaptive response to the collapse of the fiat credit system, confirming Keynes' assertion that "gold is the last guard and emergency reserve". Pt.3. Three Shadows: From Obsidian Cocoon to Gilded Transformation Satoshi Nakamoto's blockchain seed planted in the 2008 financial crisis embers has undergone three value discoveries: 2013 Dark Web payment tool, 2017 ICO boom carrier, 2020 institutional allocation asset, ultimately completing the ultimate transformation to "digital gold" in the 2025 global credit crisis. Pt.4. J-Curve Sanctification: Paradigm Rebirth Labor Pains The current capital market is experiencing a triple variation of "US Dollar Decoupling - Gold Surge - Bitcoin Awakening", a structural transformation essentially representing generational monetary paradigm replacement. Looking back at three hundred years of monetary history, from Hamilton's central bank blueprint to Satoshi Nakamoto's cryptographic utopia, humanity's pursuit of value storage has always swayed between power centralization and decentralization. The twilight of US dollar hegemony, gold's re-coronation, and BTC's savage growth collectively compose this era's monetary trio. As Marx said: "Money is not a thing, but a social relationship". When the trust bond of globalization shows cracks, the rise of digital currency might presage the real projection of Hayek's "denationalization of money" ideal. In this era of uncertainty, the only certainty is that the evolution of monetary forms never stops, and we are all witnesses and writers of this millennium-long monetary epic.