In 2025, gold, silver, bitcoin, and a host of other assets reached new all-time highs. The co-founder of the ETH Strategy protocol, known by the pseudonym Clouted, views this as evidence of the “uselessness” of the US dollar.
“Everything has already reached or is approaching price records — not just assets, but services. This is not a ‘financial bubble,’ but a collapse of the denominator — the dollar is literally worthless,” he wrote.
Clouted emphasized that even a 15% yield in DeFi does not offset inflation, estimated at 10-20% annually. According to him, investors in decentralized finance are merely “staying afloat” rather than accumulating wealth.
The expert concluded that in such conditions, cryptocurrencies are the only sensible choice for safeguarding savings. He described the rise of digital assets as a logical consequence of the dollar’s devaluation.
According to Bloomberg, the White House intends to use a little-known provision in the Federal Reserve’s charter to justify fundamental changes in monetary policy. This point was referenced by Donald Trump’s nominee for the new head of the Fed, Stephen Miran.
The discussion revolves around the regulator’s third mandate, which requires the central bank to ensure moderate long-term interest rates — in addition to the traditional goals of price stability and maximum employment.
The publication notes that the current administration views this provision as legal justification for aggressive intervention in the bond market, including direct yield curve control and extensive quantitative easing.
The initiative involves purchasing government bonds to artificially lower the key rate. It is expected to reduce the costs of servicing the $37.5 trillion national debt and stimulate mortgage lending.
Trump has repeatedly criticized the current Fed Chair Jerome Powell for “belated” monetary easing.
Christian Pusateri, founder of Mind Network, called this move “financial repression under a new name.” He stated that if the US administration’s plans are implemented, high-risk assets, including cryptocurrencies, will be in a favorable position.
“Bitcoin is set to absorb massive capital as the preferred hedge against the global financial system,” he noted.
BitMEX founder Arthur Hayes also considers this a bullish factor for the digital asset market. According to his forecast, yield curve control could propel the first cryptocurrency to rise to $1 million.
