Tianfeng Securities released a research report stating that AI represents plan A for maintaining the dominance of the US dollar, while cryptocurrency represents plan B for hedging against challenges to the US dollar's position. However, whether it is Bitcoin or AI, energy is a core element that cannot be bypassed. Therefore, the essence of currency is credit, the essence of credit is order, the essence of order is technological competition, and the essence of technological competition is energy efficiency.

Tianfeng Securities believes that in the past two years, gold has already benefited from de-dollarization and become a favorite of investors. However, MAGA cannot tolerate any threat to the dominance of the US dollar, so Trump needs an alternative plan to maintain its position. This alternative plan must be something that the US can control and influence, and gold is probably not an option. Cryptocurrencies, represented by Bitcoin, may still have a chance. But the essence of currency is credit, and without credit, it must be injected.