HTX Chief Analyst Cloud: U.S. Treasuries, Gold, and BTC Each Hold Allocation Value in the High-Interest-Rate Era

on November 12, Cloud, Chief Analyst at Huobi HTX, stated during the live broadcast of the 8th session of the Huobi HTX Expert Lecture Series that the high interest rate environment is reshaping the logic behind global asset pricing. US Treasuries, gold, and BTC each feature distinct return sources, risk profiles, and allocation value. Among them, short-term US Treasuries, with their relatively stable coupon yields, are more suitable for defensive allocation; gold primarily serves to hedge credit risk and diversify assets; while BTC exhibits high volatility, and its subsequent trend requires close attention to macro liquidity, market risk appetite, and institutional capital flows.

Cloud further analyzed asset performance under four macroeconomic scenarios: soft landing, stagflation, recession, and resurgent inflation, emphasizing that “there is no one-size-fits-all asset, only different functional roles.” In the current complex market environment, investors should place greater emphasis on risk management and portfolio allocation, avoid concentrating bets on single assets, and adopt more rational strategies to navigate the opportunities and challenges presented by global asset repricing.