As the geopolitical situation in the Middle East suddenly escalates, the encryption market experiences significant volatility, with Bitcoin seeing a notable fall and Ethereum also facing sharp corrections. In this context, many investors instinctively turn to USDT as a safe-haven asset. However, it is worth noting that the USD itself recorded a drop of up to 4.5% in April, making it difficult for USDT, as a stablecoin pegged to the USD, to effectively provide a true hedging function.

At the same time, the price of gold, as a traditional safe-haven asset, continues to rise, with its blockchain representation, PAXG, reaching 3444 USD. In the current environment of increasing global uncertainty, blockchain assets like PAXG, which represent physical gold, may provide a more effective risk hedging function than pure encryption currencies or USD-pegged stablecoins, especially in the face of geopolitical conflicts, economic recessions, or global systemic financial risks.

For investors seeking asset preservation, understanding the performance characteristics of different digital assets in extreme market conditions may be more important for building a robust investment portfolio.