Bitcoin has reached a new all-time high above $125,000, underscoring a currency war as traditional assets like gold and real estate lose value when measured in Bitcoin. Despite appearing stable in U.S. dollar terms, assets such as gold and real estate have seen their real returns diminish against Bitcoin's rapid rise. For instance, median U.S. home prices have fallen from 9–10 BTC in 2021 to under 4 BTC today. Over the past five years, Bitcoin has surged 952%, while gold has only increased by 104%. This trend suggests a shift in the unit of account, with Bitcoin emerging as a potential new reserve asset.