#美联储联邦公开市场委员会决议 $BTC $ETH The countdown to 2025 has been adjusted—let’s hear what Wall Street veterans have to say.

These days, a popular saying in the circle: Raoul Pal (former Goldman Sachs partner) presented a set of data at an industry conference that directly overturns our understanding of bull and bear cycles. His core logic is straightforward—global debt has accumulated to an unsolvable level, and the only way out is unlimited money printing.

Numbers speak for themselves: in the next 12 months, an $8 trillion liquidity gap needs to be filled. This is not a minor issue; it’s a systemic crisis response. And where will this money ultimately flow? A significant probability is into digital assets.

Another detail has changed the game— the entire cycle has been recalibrated. Previously, we all used a 4-year halving cycle for calculations, but Pal’s research shows the actual cycle is closer to 5.4 years, meaning the real cycle top is not in 2025, but at the end of 2026. It sounds far away, but the impact on holding logic is enormous.

Looking at it from another angle: the BTC and ETH you hold now are essentially a hedge against fiat currency devaluation. When central banks crank up the printing presses, the demand for safe-haven assets pushes up the prices of these scarce assets. Altcoins are more volatile and riskier, but the potential returns are there—this is another way to play in a macro liquidity-rich cycle.

The reality is, there’s no need to rush all-in this year; time favors the patient. But don’t get too lax, because macro variables are shifting. Your opponent is no longer just the main players of a single exchange but the decision-making system of the global central bank framework. To seize this cycle, what’s needed is an understanding of the macro rhythm, not anxiety over watching the charts.