Last night was another sleepless night. Countless people stared at their screens waiting for the Federal Reserve's decision, only for Powell's remarks to directly leave the market stunned.

First, the bad news: the dream of rate cuts in 2026 can be let go. The latest dot plot shows only one rate cut possible this year, which means that for a long time to come, monetary policy will not truly ease. The tight liquidity situation will continue.

Then, the "sweet" part: an immediate $40 billion asset purchase plan was launched this month, directly expanding the balance sheet. This move exceeded market expectations, causing a sharp rebound in the crypto and US stock markets. But the Fed quickly added another blow — this is not quantitative easing, just short-term bonds for emergency, and it will stop next year.

In simple terms, it's like giving a piece of candy first and then telling you the jar will be locked.

This routine is always the same: short-term capital floods in, pushing asset prices higher, then the "good news" is fully realized, and a short-seller frenzy begins. The market cares less about real data and more about expectation management.

Every time I see this kind of spectacle, I wonder: why is everyone's asset outlook completely tied to the Fed Chair's words? Waiting for rate cuts, fearing rate hikes, studying QE... Following passively like this is just too exhausting.

Have you ever thought about a different approach? Finding an asset allocation that doesn't rely entirely on central bank actions? That's also why I continue to focus on stablecoins — in an era of such macro policy volatility, a stable store of value is becoming increasingly important.