Recently, there is a phenomenon in the market that deserves in-depth consideration - the scale of U.S. government debt continues to rise, while policymakers seem to be seeking to alleviate this pressure by lowering interest rates.

Numbers speak: The total amount of U.S. debt is $38 trillion, with interest payments costing $2 million every minute. According to the budget plan for 2025, the interest alone will require $1.4 trillion, a figure that exceeds defense spending. If interest rates decrease by 1 percentage point, the government could save about $400 billion in interest costs—this is undoubtedly a huge fiscal pressure release valve.

The problem is that this approach of dealing with the debt crisis through interest rate cuts is essentially a consumption of credit. When policies lean towards solving fiscal issues through monetary easing, several chain reactions will occur:

On one hand, rating agencies have begun to issue warnings that the credit foundation of the dollar is being continuously overdrawn. On the other hand, ordinary depositors will find that deposit yields continue to be eroded, while asset price bubbles are constantly inflated during times of ample liquidity. In the long run, this is a "borrow new to repay old" cycle, and the capacity of this cycle to endure is limited.

In this macro context, it becomes particularly important to seek assets that do not rely on the central credit system, have a limited supply, and possess anti-censorship properties. The value narrative of crypto assets represented by Bitcoin and Ethereum has evolved from an investment option to a systemic hedge. Especially for projects built on a strong ecological foundation, their consensus base will be strengthened as macro fluctuations intensify.

This is not about predicting what will happen to the macro economy, but rather a reminder that when the foundations of the traditional financial system begin to crack, understanding what you are doing is more important than blindly following the crowd. What are your thoughts on this round of policy shifts? Feel free to share your views.