Matrixport: Due to its high volatility, high exposure, and certain political sensitivities, bitcoin is currently difficult to be widely included as an official reserve asset.

Foresight News reported that Matrixport tweeted, "Gold prices have repeatedly reached new highs, achieving nearly 80% excess returns relative to bitcoin over the past year, with a particularly outstanding performance during this period. From a macro perspective, the weakening of the US dollar, diversified asset allocation, and the demand for store-of-value assets remain several main themes in the current market. However, in this round of the market, excess returns have been more concentrated in traditional hedging assets such as gold, driven by falling interest rates, declining inflation, and rising market expectations that the Federal Reserve will turn more dovish in 2026."

Similar preferences can also be observed at the central bank level. Although BlackRock has continuously reinforced the narrative of bitcoin as 'digital gold' in recent years, central banks of various countries still mainly allocate gold as their reserve asset. Due to bitcoin's high volatility, high exposure, and certain political sensitivities, it is currently difficult to be widely included in official reserve assets. In the medium to long term, the direction of US policy remains the most critical uncertainty: in theory, a Trump administration might choose to revalue gold, sell part of its gold reserves, or marginally diversify some reserves into bitcoin. The probability of such scenarios occurring in the short term is not high, but it cannot be ruled out that in 2026 the market may amplify this possibility, turning it into a new focus of discussion."