The market is constantly rewriting the landscape amid skepticism. As the foundation of the traditional financial system begins to shake, a silent asset reorganization is accelerating.

Recent changes in the US political landscape have dealt a heavy blow to the market. On the surface, the 4.3% GDP growth figure looks good, but there are some glaring details behind this number. Private investment is declining, corporate investment enthusiasm has noticeably decreased, and the November unemployment rate has risen to 4.6%. These indicators truly reflect the actual state of the economy.

Actions at the power level are even more straightforward—pressure on the Federal Reserve is escalating. This is not just routine policy disagreement but an open challenge to the independence of the Federal Reserve's decision-making. Of the 7 seats on the Federal Reserve Board, only 2 are from the previous term, while the other 4 are recently appointed. This personnel composition difference is becoming a trigger for the market to reassess risks.

After the rate cut in December, an odd phenomenon appeared: long-term government bond yields actually rose. This is not a technical fluctuation but a re-pricing of deeper risks—central bank independence may be being eroded.

Having navigated the crypto market for years, I can sense unusual signals. Whenever the trust foundation of traditional finance begins to loosen, whenever policy uncertainty rises, people's demand for alternative assets jumps dramatically. This macroeconomic shift may very well be the historic moment for the revaluation of crypto assets.