There are only 11 months left in 2026! What are your safe haven assets? Starting this year, BTC is approaching its longest monthly decline record in nearly seven years. However, at the same time, gold and silver have hit historic highs, as if all funds have shifted drastically. Risk assets are under tremendous pressure, and people are flocking to safe haven assets. In fact, three things happen simultaneously: 1. Progress of interest rate cuts Trump has officially nominated Hua Xu as the chairman of the Fed. Trump has a clear attitude about the interest rate cut. What he wants is that the interest rate should be fast enough and low enough. He even said publicly that he hopes that the interest rate will reach about 1%, but the Fed will certainly not decline because of the president's hope If the interest rate cut is postponed or subject to more conditions, the market can no longer rely solely on liquidity. Natural capital flows into so-called safe haven assets, or if you have a bigger heart, it is a short-term type http://2.AI Becoming a double-edged sword in the market Large tech companies continue to invest money in AI, right? Even our small retail investors are like this. But it's just that short-term profits haven't kept up, and now we're lamenting it all over again? So AI is no longer just a growth story, it has become a patient test between us. Should we all in or pause? 3. Financial markets always carry risks The credit spread is so low that it cannot be any lower, and the risk appetite remains high for a long time. At this time, any variable is enough to make funds choose to take a step back first. It's not panic, it's balance. Is that safe haven asset really 'safe'? Many people interpret the beginning of this year as: money returning to gold, leaving encryption. But I think it would be more conservative to say that money is only temporarily returning to 'understandable assets', such as gold, silver, and even US Treasury bonds. These commonalities may not necessarily make money, but they have clear logic, long history, and predictable volatility. When you are unsure whether your assets are turning red or green, the market tells you: there is no need for so much explanation! What's left of Bitcoin? I don't think Bitcoin is "failing". The big pie correction may symbolize the loss of liquidity in the cryptocurrency market. So what is the reason for our existence in the cryptocurrency market? If previous years' cryptocurrency circles were all narrative years, then this year is more like a verification year. Not all assets will disappear, but they will definitely be layered. What am I thinking about for the remaining 11 months? I won't use extreme terms like 'all in safe haven' or 'bottom fishing' to describe position allocation. The central idea remains unchanged: time+cash flow+not being hijacked by a single narrative. At the end, I want to leave a sentence for myself and for those who have read this: When the world becomes more complex, investment cannot have only one answer left. 2026 has just begun, have you reserved a place for more uncertainty for yourself? Let's wait patiently for the flowers to bloom ❤️ Old photo original image