Recent US economic data has been released—GDP growth rate surged to 4.2% quarter-over-quarter, completely exceeding expectations. Logically, such positive news should have triggered a market rally long ago. So why? The market is showing no signs of improvement, and there’s even a slight downward trend.

Some blame Wall Street elites, believing their thinking is flawed. Specifically, many speculate that the unusual market reaction is due to the Federal Reserve contemplating interest rate hikes to curb inflation. This expectation alone has caused widespread anxiety in the market. As a result, some are directly calling on the new Fed Chair to avoid disrupting the market. Since the economic situation is so strong, they argue, interest rate cuts should be considered to restore the basic logic—positive factors push prices up, negative factors push prices down.

From another perspective, economic growth itself doesn’t automatically generate inflation; the real issue lies in policy. Inflation doesn’t need to be actively fought; it will self-correct over time. If we compare it to inflation, we should wait until the economy fully takes off before making judgments. Based on current momentum, this round of economic growth could boost GDP by 10 to 20 percentage points within a year—such potential must not be wasted. The key is to prevent those "armchair strategies" from disrupting the optimal moment for economic takeoff.

For the crypto market, the underlying logic behind this discussion is crucial: the market’s reaction actually reflects uncertainty about policy expectations. When policy signals are clear and liquidity expectations are stable, that’s when crypto assets truly perform.