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

What if Gold-Bitcoin haven bid rises together?

Persistent fiscal and geopolitical anxiety lifts both gold and Bitcoin as parallel debasement hedges, even as equity risk appetite stays choppy.

27%
our model probability
over 6–18 months
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 27% · 90% range 1–53% · 36 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 86% of the class30%
Pooled · weight 86%28%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)28%
Published27%

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. Persistent fiscal and geopolitical anxiety lifts both gold and Bitcoin as parallel debasement hedges, even as equity risk appetite stays choppy. The trigger decomposes into signed root‑shocks — Bitcoin ▲ · Gold ▲ · Crypto confidence ▲ · Dollar/reserve confidence ▼ — 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▲ +4.9%
hist -6.08–+2.34% · other way +5.87% (n=12)
2Bitcoin BTCon Hyperliquid 📈 chartCrypto▲ +2.7%
hist -5.41–+1.63% · other way -7.56% (n=12)
3Ether ETHon Hyperliquid 📈 chartCrypto▲ +2.5%
hist +0.47–+1.57% · other way -4.5% (n=12)
4Solana SOLon Hyperliquid 📈 chartCrypto▲ +2.1%
hist -0.58–+1.05% · other way -3.21% (n=12)
5Coinbase COINon Hyperliquid 📈 chartEquity▲ +1.9%
hist -2.24–+5.93% · other way +5.85% (n=12)
6Gold XAUon Hyperliquid 📈 chartCommodity▲ +1.7%
hist -0.03–+1.39% · other way -1.45% (n=12)
7Hyperliquid (HYPE) HYPEon HyperliquidCrypto▲ +1.0%
model prior · unmeasured
8US dollar (DXY) DXYon Hyperliquid 📈 chartFX▼ -0.6%
hist -1.11–+0.09% · other way +0.28% (n=12)
9EUR/USD EURUSDon Hyperliquid 📈 chartFX▲ +0.5%
hist -0.03–+1.04% · other way +0.07% (n=12)
1030y Treasury yield DGS30 📈 chartRate▲ +4bp
hist -0.2–+6.18% · other way -5.9% (n=12)
11GBP/USD GBPUSDon Hyperliquid 📈 chartFX▲ +0.4%
hist -0.13–+1.02% · other way +0.24% (n=12)
1210y Treasury yield DGS10 📈 chartRate▲ +4bp
hist +0.88–+3.19% · other way -6.4% (n=12)
13Turkish lira TRY 📈 chartFX▲ +0.4%
hist -0.33–+0.48% · other way -0.63% (n=12)
14Indian rupee INR 📈 chartFX▲ +0.4%
hist -0.01–+0.5% · other way +0.03% (n=12)

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): 30y Treasury yield +4bp · 10y Treasury yield +4bp · Turkish lira +0.4% · Indian rupee +0.4% · Aussie dollar +0.3% · Chinese yuan +0.2%

Historical precedent — what analogous events actually did

Across 36 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 First US spot Solana ETFs begin trading 2025-10 Bitcoin reaches record near $126,000 2025-10 SEC clears first US Ethereum staking ETF 2025-09 Bitcoin tops $111,970 for a new all-time high 2025-05 Coinbase set to join the S&P 500 2025-05 Robinhood Q4 2024 earnings beat on 400%+ crypto volume surge 2025-02 Bitcoin hits all-time high near $109k on Trump inauguration day 2025-01 Trump 2024 election win 2024-11 US spot Ethereum ETFs begin trading 2024-07 Trump assassination attempt 2024-07 Bitcoin fourth halving coincides with Runes launch 2024-04 Grayscale wins court ruling against SEC 2023-08 BlackRock files for a spot Bitcoin ETF 2023-06 El Salvador makes Bitcoin legal tender 2021-09 Coinbase direct listing on Nasdaq 2021-04 Tesla buys $1.5B in Bitcoin 2021-02 MicroStrategy adopts Bitcoin treasury 2020-08 Bitcoin third halving 2020-05 South Korea crypto crackdown 2017-12 SEC rejects Winklevoss Bitcoin ETF 2017-03 Bitcoin second halving 2016-07 Cyprus deposit levy 2013-03 Bitcoin first halving 2012-11 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
MSTR MSTRSHORT-6.5% · 5d -1.1%72%25 0.39⚠ differs
Bitcoin BTCSHORT-5.3% · 5d -2.9%73%22 0.37⚠ differs
EURUSD EURUSDLONG+0.7% · 5d +0.1%71%24 0.35✓ matches cascade
CNY CNYLONG+0.3% · 5d +0.0%71%24 0.35✓ matches cascade
AUD AUDLONG+0.9% · 5d +0.3%71%24 0.33✓ matches cascade
Volatility VIXLONG+10.3% · 5d +0.7%68%25 0.32·
SOL SOLSHORT-1.2% · 5d -3.9%68%19 0.30⚠ differs
US dollar DXYSHORT-0.8% · 5d -0.2%62%34 0.21✓ matches cascade
GBPUSD GBPUSDLONG+0.7% · 5d +0.3%62%24 0.21✓ matches cascade
SPX SPXLONG+0.4% · 5d +0.0%62%34 0.19⚠ differs
ETH ETHSHORT-0.4% · 5d -1.4%55%20 0.08⚠ differs
30y yield DGS30LONG+4bp · 5d +3bp55%31 0.08✓ matches cascade
INR INRLONG+0.3% · 5d +0.4%54%24 0.06✓ matches cascade
COIN COINLONG+4.7% · 5d +2.9%47%15 0.00✓ matches cascade

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.