How will changes in the Venezuela situation impact global asset allocation? Let's break down the logical chain.

Regime change usually means adjustments in international political stance. If the new government aligns with the mainstream camp, the geopolitical landscape will be reshuffled—especially in terms of resource control. Venezuela holds the world's largest oil reserves, so any change in supply will immediately impact international oil prices.

You see, if the oil supply pattern improves and puts downward pressure on prices, this directly affects global inflation expectations. Once U.S. inflation eases, the Federal Reserve's room to cut interest rates opens up. At this point, risk assets will undergo revaluation—stock market liquidity improves, gold's appeal as an inflation hedge diminishes, and BTC, as a long-term inflation basket and a symbol of capital flow into emerging assets, might actually benefit from a loose monetary cycle.

So the core logic is: Geopolitical events → Commodities → Macro expectations → Asset rotation. Each link is worth paying attention to.