The global printing press has never stopped, yet our wealth is silently being redistributed.

Over the years of tinkering in the crypto market, the deepest feeling is—liquidity is everything. Looking back over more than twenty years of global financial data, what is the most obvious trend? The rapid growth of money supply. Currently, the global broad money supply has surged to $142 trillion, with an average annual growth rate of 7% since 2000. To put it another way, the world is issuing 7% more money each year out of thin air, and the purchasing power of the money in your pocket is constantly being diluted.

So, what does this have to do with crypto assets? The logic is straightforward— the more fiat currency there is, the more scarce assets become more expensive. The strong performance of gold and alternative assets in recent years is based on this principle.

Looking at the distribution of global money, interestingly, it has formed a tripartite pattern. China, the United States, and the Eurozone—these three major economies—contribute nearly two-thirds of the global liquidity, becoming the "three cores" of the financial market.

But Asia is more complex. China accounts for 32% of the global money supply, forming the first tier. Japan is also not to be underestimated, with a broad money supply of about 1600 trillion yen (equivalent to $11 trillion), a figure that even exceeds the United States. Plus South Korea’s 4160 trillion won, the influence of Asia on global liquidity is evident.

Europe’s situation is polarized—some countries have ample liquidity, while others are relatively tight. From this perspective, the wave of asset reallocation driven by large-scale money issuance is reshaping the global financial order.