Meanwhile, policy uncertainty has intensified market volatility. Some traders analyze that the current market is pricing in the "worst-case scenario", with U.S. stock index futures plummeting and Bitcoin rising and then falling back being manifestations of this process. However, he also believes that the uncertainty before April 5th may be the recent peak, and if countries negotiate progress with the United States, market confidence may recover. Some views also warn that if China imposes retaliatory tariffs, a large-scale trade war might erupt, causing a double hit to inflation and the economy.
IV. From "Left Tech Right Bit" to "Left Hong Kong Right Gold": Investment Strategy Transformation
The popularity of the "Left Tech Right Bit" strategy is inseparable from the market environment of 2020-2021. It was a period of extremely high risk appetite: the Federal Reserve's low-interest-rate policy drove the U.S. stock bull market, with NVIDIA's stock price soaring from around $100 in 2020 to over $300 in 2021 (after stock split adjustment); Bitcoin also broke through $60,000 in 2021. However, the fragility of this high-risk strategy was fully exposed in 2022. The Federal Reserve's interest rate hikes, global economic slowdown, and geopolitical risks led to simultaneous crashes in U.S. stocks and cryptocurrency markets.
In 2025, Trump's tariff policy further exacerbated market uncertainty, and investors began to shift to the "Left Hong Kong Right Gold" strategy:
- Left Hand Hong Kong Stocks: The Hong Kong stock market has low valuations (Hang Seng Index P/E ratio has long been below 10 times), and benefits from China's economic recovery and policy support. In early 2025, the Chinese government introduced a series of measures to stimulate the economy, making Hong Kong stocks a popular choice for capital inflow.
- Right Hand Gold: Gold, as a traditional safe-haven asset, has been favored against the backdrop of intensifying "stagflation" risks. In 2025, global economic slowdown concerns and geopolitical tensions pushed gold prices to break through $3,160 per ounce.
The shift from "Left Tech Right Bit" to "Left Hong Kong Right Gold" is essentially the result of investors moving from chasing high growth to seeking safety and diversification. Traders predict that if tariff policies are implemented according to current figures, Bitcoin's weekly high point might be $88,500, and next week's U.S. tax season liquidity will remain tight, with expected rebound highs between $90,000-$91,000. Gold may continue to benefit from safe-haven demand and maintain its upward momentum.
V. 2025 Market Outlook: Opportunities Amidst Uncertainty
Trump's "reciprocal tariff" policy has pushed the global trade system into a new round of game, also triggering a chain reaction in financial markets. In the short term, policy uncertainty may continue to suppress market confidence, and high-risk assets like Bitcoin will face liquidity pressure. However, from a technical perspective, Bitcoin still has room for growth. If it can hold the $76,500 support level, it may challenge the $100,000 mark in the future. Gold has more advantages under "stagflation" risks and is expected to continue setting new highs in 2025.
For investors, 2025 requires more attention to the interplay between major asset classes. The combination of Hong Kong stocks and gold may be a wise choice to address uncertainty. As the old saying goes: "In any market environment, there is always an asset in a bull market." Let's wait and see how the 2025 market will unfold.
