The Fed's latest move is quite ruthless—Powell is simultaneously easing monetary policy and blaming Trump's tariffs for inflation. The blame-shifting technique is textbook-level.

But the issue is not so simple. The inflation stickiness in the Western world stems from aging populations accelerating, manufacturing returning home with soaring costs, and welfare systems being drained. Asset prices have long been inflated to the sky. If it weren’t for nuclear deterrence, the current situation might trigger another world war.

Every industrial revolution redefines the rules of the game. Now, that 2% inflation target? It’s more of a political symbol. As long as geopolitical conflicts haven’t fully torn open, no one can bear the cost of escalating the confrontation.

Elon Musk repeatedly warns about the risk of a world war, and it’s not just alarmism. Looking beyond stocks, gold, and other traditional assets, the global economy is like a torn and patched-up sack. In such an environment, the hedging logic of digital assets like BTC and ETH is becoming increasingly clear.