The macro environment of 2026 is reshaping the entire logic of risk assets.

As the Federal Reserve accelerates its QE measures, the geopolitical landscape is also quietly changing—the restructuring of energy supply chains directly weakens the pressure for de-dollarization. The appeal of traditional safe-haven assets is declining, and funds are seeking new outlets for returns. This is where the role of the crypto market becomes evident—the mechanism of stablecoins anchored to U.S. Treasuries not only addresses the issue of global inflation spillover but also creates continuous liquidity for the market.

Inflation data has already fallen below 2%, and after the so-called soft landing is achieved, the Federal Reserve will push more aggressively for a rate cut cycle. When risk aversion subsides, funds will accelerate into risk assets. The cryptocurrency market is at the forefront—meme coins, due to their small size and extreme volatility, often see the sharpest gains. Next are application-layer projects and major public chains, whose market caps are larger than mainstream coins but still hold significant growth potential compared to traditional assets.

However, it is important to note that new coin projects launched in the past six months should be approached with caution, as they carry relatively higher risks.

In precious metals, against the backdrop of global currency devaluation, traditional safe-haven assets like gold, platinum, and silver will also rise in value. Paradoxically, both risk assets and safe-haven assets are expected to increase in 2026—this is a characteristic of the era of liquidity flooding. Even if Japan continues to raise interest rates, as long as its rates do not surpass U.S. interest rates, the siphoning effect will not occur, and the trend of capital flowing out of the dollar system will remain unchanged.