#美联储货币政策 These days, I’ve seen news saying Kevin Hasset is very likely to become the next Federal Reserve Chair, and many are discussing that his appointment might trigger a big bull market. But we must not be blinded by this optimism. Looking back at previous bull and bear cycles, every time someone shouted "This time is different," what was the result? Still a mess.

Hasset indeed has a friendly attitude towards cryptocurrencies and also leans towards interest rate cuts and restarting QE. But whether these policies can be truly implemented depends on the overall economic situation. Moreover, even if policies are loosened, it doesn’t necessarily mean the market can be continuously driven higher. We need to clearly realize that any so-called positive news can be overly hyped and ultimately become a tool for profit-taking.

For ordinary investors, instead of dreaming of a future bull market, it’s better to stay grounded and focus on risk management. Stay vigilant, control your positions, pay attention to project fundamentals—these are the keys to surviving longer in this market. After all, even the best policies can’t save a bad project, and truly valuable projects will eventually stand out under the test of time.