#美联储降息政策 The devaluation of the US dollar, the Federal Reserve's liquidity injections, and Bitcoin benefiting — this logical chain is becoming clearer. Seeing the USD experience its largest annual decline since 2017 in 2025, coupled with a 96% probability of rate cuts before June next year, I am increasingly convinced of one thing: **The easing cycle in traditional finance is becoming the golden era for crypto assets**.

Remember the massive liquidity injection during the 2020 pandemic? That round of easing sparked a series of bull markets. This time is different: institutions have already positioned themselves early, and the chip structure of Bitcoin and ETH has undergone a fundamental change. When the Federal Reserve continuously injects liquidity into the market and institutions lock in high-quality crypto assets, how fierce will the upward momentum be? Imagine the suppressed long-buying power once unleashed.

The key lies in understanding the **decentralized value proposition** behind this: as central banks keep diluting fiat currency and weakening the dollar's purchasing power, Bitcoin, as a non-sovereign, fixed-supply asset, highlights its scarcity and hedging properties. This is not just speculation but an inevitable choice in a major cycle.

In the next 12 months, policy trends are on our side. Institutional funds are ready, chips are in place, and all that remains is to wait for that critical point. When it arrives, those still on the sidelines will regret it.