The long-awaited rate cut delay has finally been implemented, but the crypto community's opinions are divided into two camps.

One side believes this is bad news. The postponement of rate cuts means that market liquidity will be difficult to improve in the short term, and risk assets are under pressure in a tightening environment—high-volatility assets like Bitcoin are hit hardest, and the accelerator for the bull market may need to pause.

The other side holds an opposite view. The more pessimistic the economic outlook, the more institutions and individuals will seek hedging tools. With a total supply of 21 million coins and on-chain settlement independence, Bitcoin is gradually gaining recognition as "digital gold." The more uncertain the economy, the more its safe-haven properties are highlighted—this is actually a long-term positive signal.

Both camps have logically consistent points. In the short term, focus on policy noise; in the long term, on asset allocation needs. Opportunities often hide within volatility, the key is to grasp the rhythm.