美元走弱與AI代理人時代：區塊鏈支付的崛起 / Weak Dollar and the Age of AI Agents: The Rise of Blockchain Payments

一、前言 / Introduction

近期我觀察到一個愈來愈明顯的市場趨勢：美元指數正逐步走弱。這並不是偶然的波動，而是建立在幾個關鍵的宏觀背景之上，包括美國經濟維持軟著陸、聯準會（FED）進入階段性降息循環，以及美國政府持續透過財政政策推動製造業回流。

Recently, I have observed an increasingly clear market trend: the U.S. Dollar Index is gradually weakening. This is not a random fluctuation, but rather the result of several structural macro factors, including a soft landing in the U.S. economy, the Federal Reserve entering a cyclical rate-cutting phase, and ongoing fiscal policies aimed at reshoring manufacturing within the United States.

在這樣的環境下，資金成本下降，市場流動性回升，我認為資產泡沫不但會被容忍，甚至會被政策刻意吹大。黃金、美股科技股、比特幣等風險性資產的表現正逐漸印證這一點。

In such an environment, capital costs decline and liquidity returns. I believe asset bubbles will not only be tolerated, but deliberately inflated by policy. The performance of risk assets such as gold, U.S. tech stocks, and Bitcoin is already reflecting this shift.

二、AI代理人經濟的崛起 / The Rise of the AI Agent Economy

不過，比起單純預測資產價格的漲跌，我更關心的是「未來的交易模式」。我相信，未來每個人都會擁有多個 AI 助手或代理人，它們會自動替我們完成任務、預訂服務、採購資料，甚至彼此之間進行交易。

However, rather than merely predicting price movements, I am more concerned with the future structure of transactions. I believe that in the near future, everyone will have multiple AI assistants or agents that autonomously execute tasks, book services, procure data, and even transact with one another.

當交易不再只發生在人與人之間，而是延伸至「人與 AI」以及「AI 與 AI」之間時，傳統銀行支付系統將無法滿足這種小額、高頻、即時、低手續費的需求。

When transactions extend beyond human-to-human interactions into human-to-AI and AI-to-AI exchanges, traditional banking systems will simply be incapable of supporting the required small-scale, high-frequency, instant, and low-fee settlement mechanisms.

三、未來交易場景想像 / A Glimpse Into Future Transactions

我經常想像一個不遠的未來：在我熟睡的凌晨，AI 助手已經自動替我購買雲端算力、訂閱資料服務，甚至和其他 AI 代理人談妥合作條件。那時候，現實中根本沒有任何人類在場簽約，也不可能刷信用卡。能夠完成這些交易的，只有具備自動化與低成本特性的加密貨幣。

I often imagine a not-so-distant future: while I am asleep, my AI assistant automatically purchases cloud computing resources, subscribes to data feeds, and negotiates collaboration terms with other AI agents. In that moment, no human is present to swipe a card or sign a contract. The only instrument capable of executing such autonomous transactions will be crypto assets with programmability and minimal cost.

四、為何穩定幣是答案 / Why Stablecoins Are the Answer / Why Stablecoins Are the Answer

在這樣的架構下，我認為只有穩定幣等加密貨幣能作為 AI 經濟的結算層。它們具備程式化、自動化、全球可用的特性，並能在無需信任的情境下完成交易。

In this scenario, I believe that only stablecoins and similar crypto assets can serve as the settlement layer for the AI economy. They offer programmability, automation, global accessibility, and trustless execution—traits that traditional financial rails fundamentally lack.

五、結論：我選擇站在泡沫裡 / Conclusion: I Choose to Stand Inside the Bubble

我並不擔心資產泡沫，因為在降息與政策刺激並存的時代，泡沫是被設計出來的結果。真正的風險，不是泡沫破裂，而是沒有在泡沫形成的時候站在裡面。

I am not afraid of asset bubbles, because in an era of rate cuts and policy stimulus, bubbles are not accidents—they are intentional outcomes. The real risk is not being caught in a burst, but staying outside while the bubble is being formed.

因此，我會持續布局 AI 經濟底層的結算層——也就是穩定幣與區塊鏈支付基礎建設。這不僅是投資標的，更是未來經濟的語言。

Therefore, I will continue to position myself in the settlement layer of the AI economy—namely stablecoins and blockchain payment infrastructure. These are not just investment assets; they are the future language of economic exchange.