Warnings of a dollar crisis are rising, and gold and silver may surge in 2026, while Bitcoin is said to be significantly undervalued

According to Forbes, as Bitcoin retreats from its historical high in October, concerns about the dollar system are rising. Analysts warn that the dollar may face structural downside risks, while the continued rise of gold and silver before 2026 could open up a new round of upward space for Bitcoin prices.

Data shows that Bitcoin is currently hovering around $90,000, significantly down from its previous high of about $126,000; during the same period, gold has risen about 20% this year, and silver has surged by as much as 64%. Ramnivas Mundada, head of economic research at GlobalData, stated that the rise of precious metals in 2025 marks a shift in the international monetary system from a "dollar-centric" structure to a multipolar one, with expectations that gold still has an 8% to 15% upside potential by 2026, and silver may rise another 20% to 35%. Analysts believe that this trend is not merely a safe-haven trade, but rather a strategic allocation by institutional investors amid geopolitical tensions, a slowing U.S. economy, trade frictions, and the acceleration of "de-dollarization."

The market is also betting on further interest rate cuts by the Federal Reserve in 2026, which would weaken the dollar's appeal. U.S. President Trump recently expressed hope that the new Federal Reserve chair would actively cut rates when the market performs well, raising expectations for easing policies. Meanwhile, long-time dollar bear economist Peter Schiff bluntly stated, "Dollar hegemony is coming to an end," and claimed that gold will once again become a core reserve asset for central banks. Notably, while gold and silver have surged, Bitcoin's recent performance has lagged. Bitbank analyst Yu Nagatani also pointed out that against the backdrop of "overheating signs" in U.S. stocks and commodities, Bitcoin's current valuation appears low, which may attract valuation-based capital inflows in the future.