After the latest round of rate cuts, Chris Grisanti (Chief Strategist at a certain asset management firm) offered an interesting perspective—on the surface, there’s no suspense about this move, but the real issue lies behind it.

He straightforwardly stated that, at the current pace, don’t expect to continue benefiting from rate cuts until 2026. The Federal Reserve explicitly emphasized in its statement that "the magnitude and timing of rate cuts are uncertain," which is essentially a warning: don’t take easing as a certainty.

The key logic here is—only if the economy is clearly lagging will the Fed continue to loosen monetary policy. But Grisanti, as a stock market player, actually doesn’t want to see more rate cuts because that would mean the economy is truly in trouble. He prefers to stay put until 2026, at least indicating that the fundamentals can still hold up, which is better than entering a new recession cycle.

This is a reminder for the crypto world: don’t get too optimistic about liquidity expectations; the real support depends on the economic fundamentals.