Bitunix analyst says policy credibility, not optimism alone, is driving risk assets to fresh highs

A Bitunix analyst said the latest rally in global risk assets is being supported less by earnings beats or AI hype alone and more by a repricing of policy credibility across major economies. According to the analysis cited by BlockBeats on Aug. 5, governments are now intervening across energy, exchange rates, supply chains and monetary policy, pushing markets to reassess institutional execution and the durability of policy support. AI capital spending remains the main growth engine, with Anthropic’s $10 billion computing services deal with Volta Infra and Samsung’s new V10 V-NAND launch presented as evidence that AI infrastructure buildout is still moving at high speed. At the same time, hawkish signals from Federal Reserve officials suggest AI investment is continuing alongside elevated interest rates, shifting investor focus toward cash flow and earnings rather than valuation expansion alone. The note also pointed to progress in talks over the Strait of Hormuz, possible extensions of Jones Act waivers in the US, support for the yen signaled by US Treasury Secretary Bessent, and ongoing work on broader metal tariffs as signs that policy tools are now shaping energy costs, currencies and supply chains. It added that while warnings of a 1987-style crash have resurfaced, current risks are tied more to leverage and compressed volatility than to a clear deterioration in fundamentals.