The US Q3 GDP growth rate jumped to 4.3%, the strongest in nearly two years. The adjustment in tariff policies directly drove this growth, and even a government shutdown didn't suppress it. The economy's resilience is indeed solid.

So, what does this mean for the crypto world? Let's first look at the Federal Reserve's stance. With such strong economic data, it's likely that there will only be one rate cut in 2026, and don't expect the easing policies seen last year. Liquidity will definitely tighten.

But it's not that simple. The US dollar index may weaken due to the improving economy, and since Bitcoin and the dollar tend to move inversely, this creates an opportunity for valuation recovery. It's like one pressure easing another.

There are actually two opportunities.

The most tangible is in stablecoins. The removal of tariffs has activated cross-border trade, and corporate international settlement demands are rising accordingly. Last year, stablecoin trading volume soared to $27.1 trillion. Now that trade is warming up, usage frequency is expected to jump further. This is visible liquidity growth.

The combination of AI and blockchain has become a new hot spot. Investment in US AI data centers has hit record highs, and capital is now starting to flow into blockchain. Coupled with the current government's supportive attitude towards cryptocurrencies, the likelihood of institutional funds pouring into related fields has significantly increased. While corporate profits are growing by 4.2%, listed companies are also starting to include Bitcoin on their balance sheets to hedge inflation risks. This trend won't stop.

But don't get too excited too early. Core inflation is still at 2.9%, well above the Fed's 2% target. If policies tighten further, risk assets are bound to pull back. However, from a long-term perspective, economic resilience still supports risk appetite. In the context of normalized tariffs, liquidity in the crypto market should remain relatively ample.