Legendary investor Ray Dalio recently issued a stark warning: the Fed is lowering interest rates despite a strong economy and booming employment, which is problematic.

What is the normal logic? Interest rates should be cut to stimulate the economy when it is performing poorly. But now, with the unemployment rate in the U.S. at a historical low and the stock market hitting new highs, the Fed is still injecting liquidity, which is like fueling a car that is already overloaded—an accident is bound to happen.

Dalio calls this a "dangerous combination": high government fiscal deficits + central bank monetary easing = immense inflationary pressure. What's worse is that this newly printed money is not being used to stimulate industries, but is instead being used directly to pay off government debt. In simple terms, it's using money to stack up more money.

Against this backdrop, BTC and gold have become hot commodities. In an era of unlimited money printing, assets with limited supply have turned into safe-haven tools. Bitcoin's cap of 21 million coins and the scarcity of metals serve as shields against currency devaluation.

But there are still uncertainties in this market wave. Last time the Fed cut interest rates, the crypto market didn't react much — because the market had already digested it. Now everyone is watching whether there will be another cut in December, with a probability of 70%. If it happens, that will be the real test.