#通货膨胀 Recently saw the news about the Federal Reserve cutting interest rates, and everyone is discussing whether it's good news or bad news. My view is— the real issue behind this is the inflation problem.

Look, the CPI is still hovering between 2.5% and 2.7%, still away from the 2% target. Even more concerning is that American consumer credit card debt has already surpassed $1.2 trillion, with an average interest rate of over 20%! What does this indicate? It shows that the purchasing power of ordinary people is being seriously eroded, and many consumption activities are now sustained by borrowing.

Lowering interest rates can indeed ease asset price pressures, but this only treats the surface and not the root cause. The real problem is— in an environment where high inflation and high debt coexist, the resilience of the traditional financial system is declining. This is also why more and more people are starting to pay attention to crypto assets and Web3.

The core logic behind the attention to Bitcoin and other risk assets is that: they offer a store of value that does not rely on central bank policies. Decentralized assets are not diluted by the decisions of any single institution, which is especially valuable in an era of persistent inflation expectations.

Rather than waiting for policy to rescue, it’s better to proactively understand and participate in asset allocations that can resist inflation. The future belongs to those who plan ahead.