#比特币2026年行情展望 $BERA

U.S. Treasury's Ace Against Washington — Is Europe Really About to Turn the Page?

"Time for the U.S. to taste some of its own medicine." The tone from EU leaders has become sharper. The Europe + UK alliance, holding $2.3 trillion in U.S. Treasuries, is shifting from passive follower to active player. This is the world's most formidable financial chip, now becoming the last card to counteract American trade pressure and technological sanctions.

The old consensus of "U.S.-led security, Europe cooperating" has already disintegrated. The tough diplomacy of the Trump era—from Greenland to tariff threats and decoupling—has pushed Europe into a corner. Meanwhile, Washington's own situation isn't much better: $36.2 trillion in national debt, $880 billion in annual interest payments, and Moody's downgrading of credit ratings serve as warning signals. Can U.S. Treasuries still be considered a "safe haven"? More and more people are asking.

If Europe truly begins to sell off, the consequences will be straightforward: 10-year U.S. Treasury yields breaking above 5%, soaring U.S. financing costs, and corporate and household loan rates exploding. But this is also a double-edged sword — European financial institutions' holdings will immediately shrink, and if the credit chain collapses, the real economy will suffer as well. The Federal Reserve has long prepared liquidity tools, but no one can say for sure whether they can withstand a real storm.

Interestingly, the market has already sensed this. Gold surged to $4,600 per ounce, and Bitcoin (@E5@) hit a new high of $109,500, as capital rapidly flees dollar assets. A safe-haven trend in the crypto market is quietly forming.

The problem is that the EU's 27 member states are deeply divided; security concerns and economic realities are pulling in opposite directions, making large-scale sell-offs difficult to coordinate. This "threat" seems more like a strategic probe — to see if the U.S. can understand it.

Will the financial cold war evolve into a new driver for crypto safe havens? How far can Europe go? This story is just beginning.