🏛 Central Banks & Macro risk-off · 6–18 months
A what‑if from the future

What if Dollar-debasement trade dominates allocation?

Investors crowd into hard assets — gold, miners, Bitcoin, real assets — on a structural dollar-debasement thesis, lifting XAU and BTC while real yields stay capped.

16%
our model probability
over 6–18 months
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 16% · 90% range 0–42% · 13 analogues · measured class de_dollarization 35% in 18 mo · 3% held back for the unknown
how we built this number — every step
Measured class rate — de_dollarization ≈0.2857/yr → 35% in 18 mo35%
Analyst prior · editorial share 52% of the class18%
Pooled · weight 68%17%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)17%
Published16%

The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.

The butterfly cascade

How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.

Resolution timeline — how this probability is moving

Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 6–18 months horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.

loading the timeline…

What it would mean

If this plays out, it is a risk-off shock. Investors crowd into hard assets — gold, miners, Bitcoin, real assets — on a structural dollar-debasement thesis, lifting XAU and BTC while real yields stay capped. The trigger decomposes into signed root‑shocks — Bitcoin ▲ · Gold ▲ · Dollar/reserve confidence ▼ · Real yields ▼ — which propagate through our causal graph to the markets below.

If it happens — the markets it would move

Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.

MarketClassProjected move
1MicroStrategy MSTRon Hyperliquid 📈 chartEquity▲ +3.5%
hist -1.77–+8.37%
2Gold XAUon Hyperliquid 📈 chartCommodity▲ +2.3%
model prior · unmeasured
3Bitcoin BTCon Hyperliquid 📈 chartCrypto▲ +1.9%
model prior · unmeasured
4Coinbase COINon Hyperliquid 📈 chartEquity▲ +1.4%
model prior · unmeasured
5Solana SOLon Hyperliquid 📈 chartCrypto▲ +1.1%
model prior · unmeasured
6Ether ETHon Hyperliquid 📈 chartCrypto▲ +0.7%
model prior · unmeasured
7Hyperliquid (HYPE) HYPEon HyperliquidCrypto▲ +0.7%
model prior · unmeasured
8US dollar (DXY) DXYon Hyperliquid 📈 chartFX▼ -0.8%
hist -1.63–+0.33%
9EUR/USD EURUSDon Hyperliquid 📈 chartFX▲ +0.7%
model prior · unmeasured
10GBP/USD GBPUSDon Hyperliquid 📈 chartFX▲ +0.6%
model prior · unmeasured
11Turkish lira TRY 📈 chartFX▲ +0.6%
model prior · unmeasured
1230y Treasury yield DGS30 📈 chartRate▲ +4bp
hist -6.88–+14.21%
13Indian rupee INR 📈 chartFX▲ +0.5%
model prior · unmeasured
14USD/JPY USDJPYon Hyperliquid 📈 chartFX▼ -0.4%
hist -2.15–+3.7%

Probable recommendation

If the scenario above plays out, the probable cross‑asset positioning → a scenario‑conditional read, not personalized investment advice
Cash / hedgeRaise cash and hold the long hedges above; this scenario is net risk-off.
For a common-man portfolio: A typical stock-heavy portfolio is at risk. Consider trimming equities, raising cash, and a small gold hedge.
Also moves (not yet on Hyperliquid): Turkish lira +0.6% · 30y Treasury yield +4bp · Indian rupee +0.5% · 10y Treasury yield +3bp · Aussie dollar +0.4% · Chinese yuan +0.3%

Historical precedent — what analogous events actually did

Across 13 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.

Russia cut from SWIFT + central-bank reserves frozen 2022-02 Nixon Shock 1971-08 FDR gold confiscation & revaluation 1933-04 Euro trading debut 1999-01 Louvre Accord 1987-02 Saudi Arabia fixes the riyal to the US dollar at 3.75 1986-06 Plaza Accord dollar devaluation 1985-09 US dollar index peaks at its all-time high 1985-02 Volcker Shock 1979-10 Iranian Revolution oil shock 1978-12 Bretton Woods collapse / currencies float 1973-03 Smithsonian Agreement 1971-12 London Gold Pool collapses 1968-03
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
USDJPY USDJPYLONG+3.9% · 5d -1.4% ↺ fades100%2 0.75⚠ differs
SPX SPXLONG+0.8% · 5d -0.5% ↺ fades73%11 0.35⚠ differs
30y yield DGS30LONG+12bp · 5d +6bp62%8 0.22✓ matches cascade
US dollar DXYSHORT-1.0% · 5d -0.6%55%11 0.08✓ matches cascade
MSTR MSTRSHORT-4.4% · 5d -0.1%50%2 0.00⚠ differs
10y yield DGS10LONG+4bp · 5d +3bp45%11 0.00✓ matches cascade
Volatility VIXLONG+3.4% · 5d +6.2%50%2 0.00·

Methodology. Probability and impact are anchored to history and scored against what actually happens — wins and losses, in public, at Reality Check. Crowd odds live from Polymarket & Kalshi. By Vikas Singh, Quantitative Strategist. Updated 2026-07-03.