Trump's working overtime to negotiate an end to the conflict that's been dragging on in Eastern Europe. His proposed terms? They're making waves across the Atlantic—and not the good kind. European officials are visibly nervous.

But here's what really matters for anyone watching their portfolio: markets aren't buying into a quick return to stability. Even if a truce gets signed tomorrow, we're looking at a fundamentally altered landscape. Supply chains won't magically fix themselves. Energy dependencies remain messy. Sanctions unwind slowly, if at all.

The traditional playbook of "peace = immediate market rally" doesn't apply here. Too many structural shifts have already happened. Central banks are still wrestling with inflation. Defense spending commitments have been locked in for years. Industrial policy has pivoted hard toward self-sufficiency.

For crypto and alternative assets, this creates an interesting dynamic. Traditional safe havens are showing cracks. Geopolitical uncertainty isn't disappearing—it's just changing shape. The usual correlations between risk-on and risk-off assets? They're getting messier by the quarter.

Anyone expecting markets to snap back to 2021 patterns is setting themselves up for disappointment. The reset button doesn't exist. What we're navigating now is a longer adjustment period where volatility stays elevated and consensus trades break down more frequently.

The real question isn't whether peace happens. It's whether investors are prepared for what comes after.