The rate-cut card has been played—the Fed is preparing for three consecutive cuts next year, aiming directly for 3% by 2026.

But if you really think that’s all there is? Too naive.

Quantitative tightening has quietly stopped, the Treasury’s TGA account balance is quietly dropping, and the reverse repo pool is nearly depleted. In plain English: a flood of cash is now scrambling everywhere in search of returns. As interest rates drop, deposit yields get weaker and weaker, so naturally, capital will focus on assets with real potential. Digital gold? Bitcoin? Of course, they’re on the list.

On the surface, rates are retreating mildly, but in reality, the Treasury’s small war chest is shrinking and reverse repo funds are drained—what does that mean? Massive amounts of dollars have nowhere to go. While Grayscale is dumping and bottom-fishing at the same time, BlackRock’s ETF is adding positions every day—the smart money has already made its move ahead of time.

Don’t see 2026 as the finish line; it’s just the starting point for a new round of asset reshuffling. The Fed is switching from slamming the brakes to flooring the gas pedal. Gold keeps hitting new highs, tech stocks are soaring, and Bitcoin ETF inflows remain strong—the real show is just beginning. Still waiting for rates to hit rock bottom before getting in? That’ll cost you.

The trend is right in front of you; hesitation and fear are the most expensive costs. The direction of the wave is clear—what you should be checking is whether your surfboard is sturdy enough, your position can last long enough, and your understanding can help you hold onto your chips.