Accelerating Global Fragility
Metrics Ventures highlights that since 2022, global supply chain disruptions have become more severe, significantly eroding the economic resilience and policy autonomy of major economies including Japan, South Korea, and Europe. A liquidity drought is emerging, and the strengthening US dollar alongside changes in treasury yield spreads are flashing warning signals indicating that systemic risks are rapidly accumulating.
Non-ferrous Metals: Short-Term Pressure, Medium-to-Long-Term Opportunity
The report suggests that non-ferrous metals (gold, silver, copper, etc.) face near-term price pressure, but hold promising opportunities over the medium to long term. Global supply chain tensions and risk aversion may impose temporary headwinds on commodity prices, yet fundamental supply-demand dynamics and shifting monetary conditions could provide support for these assets.
Bitcoin: De-risking and Macro Turmoil Demand a New Narrative
On Bitcoin, MicroStrategy's de-risking actions have become a focal point, combined with macroeconomic turbulence challenging Bitcoin's traditional safe-haven narrative. Metrics Ventures believes the market needs to reassess Bitcoin's asset positioning and risk-return profile under current macro conditions.