A recent piece of news has caused quite a stir in the industry: T. Rowe Price's chief economist publicly stated that there is significant uncertainty regarding the Fed’s rate path in the second half of 2026, and that the market’s current optimism about rate cuts may need to be reassessed.

What does this mean? If inflation resurges in the future or economic data continues to show resilience, the Fed may have to slow down or even pause its rate-cutting process. The more direct impact is that policy direction after this December could become unpredictable.

For the crypto market, this is no small matter. The Fed’s interest rate policy essentially controls the "floodgates" of global liquidity—a period of easing tends to channel funds into risk assets like Bitcoin and Ethereum, while tightening expectations can easily trigger market corrections. The current ambiguity surrounding policy prospects is precisely why we need to reassess our strategies.

My view is: uncertainty itself isn’t a bad thing; the key lies in how we respond.

Looking back at the last time the Fed signaled a "slower rate cut" approach, BTC did experience short-term volatility, but those who accumulated positions in batches during the pullback saw considerable gains when the market rebounded later. The logic is similar now—avoid going all in at once; instead, use dollar-cost averaging or phased investments in mainstream coins to accumulate chips amid volatility, which is the more prudent path.

Also worth noting are sectors with "lower interest rate sensitivity." For example, decentralized stablecoin protocols and the RWA (real-world asset tokenization) sector. Projects like these, due to their business logic being less directly linked to macro policies, often show stronger resilience during market fluctuations.

Ultimately, no one can predict 2026’s policy direction with 100% certainty, but by managing your positions well and seizing structural opportunities, you can stay proactive amid market uncertainty. Rather than being swayed by emotion, it’s better to prepare in advance—that’s the real key to weathering cycles.