“Everything is hitting new highs — not just assets, but even services. This isn’t a bubble, it’s the collapse of the denominator. The dollar simply no longer holds value,” he wrote.

Clouted added that even double-digit DeFi yields — around 15% — can’t keep up with annual inflation, which he estimates at 10–20%. In his view, DeFi investors are merely treading water instead of building wealth.

His conclusion: in such an environment, cryptocurrencies are the only rational way to protect savings, with the rise of digital assets being a natural outcome of the dollar’s decline.

The Fed’s “Third Mandate” in Focus

Bloomberg reports that the White House is eyeing a rarely cited clause in the Federal Reserve Act as justification for a major shift in monetary policy. Trump’s Fed chair nominee, Steven Miran, has already pointed to this provision, which establishes a third mandate requiring the Fed to ensure moderate long-term interest rates alongside its standard goals of stable prices and maximum employment.

The administration views the rule as a legal basis for direct intervention in bond markets, including yield-curve control and expanded quantitative easing. That would mean large-scale Treasury purchases to artificially suppress rates, cutting the cost of servicing the $37.5 trillion U.S. national debt while stimulating mortgage lending.

Trump has repeatedly criticized Fed Chair Jerome Powell for what he calls a “delayed” policy response.

Christian Pusateri, founder of Mind Network, described the proposal as “financial repression in a new disguise.” He believes risk assets — especially cryptocurrencies — would stand to benefit the most.

“Bitcoin is positioned to soak up massive amounts of capital as the go-to hedge against systemic financial risk,” Pusateri said.

BitMEX co-founder Arthur Hayes echoed that sentiment, predicting that yield-curve control could act as a catalyst pushing Bitcoin toward the $1 million mark.

As FORECK.INFO noted in its earlier analysis, the $117,500 resistance level has been viewed by many experts as a key barrier for Bitcoin’s rally, and its breakout could determine whether the market is ready to move toward new highs.