Recently, the cryptocurrency market's fluctuations have left many investors confused and disappointed. As a long-term observer, I would like to share some personal insights on the future development of this industry.

First, I believe Bitcoin is poised to surpass gold and become the second-largest global asset after the US dollar. This trend could lead to a divergence in investment strategies between the East and West, which is worth following.

Second, in the public blockchain space, we may see some interesting changes. Ether faces challenges from competitors like Solana. As technology advances, people's understanding of decentralization might change, placing more emphasis on practicality and cost-effectiveness.

Web 3 innovations seem to have reached a bottleneck. While we might see some new token issuance forms, such as recently popular inscriptions and meme coins, these are often short-lived trends.

It is important to note the fundamental difference between the cryptocurrency market and the Bitcoin marketplace. The vast majority of alternative tokens cannot outperform Bitcoin in the long run, so maintaining a primary position in Bitcoin may be a wise choice.

From a broader perspective, the crypto field still revolves around financial concepts. Bitcoin is viewed as a modern version of gold, decentralized finance (DeFi) offers ordinary people opportunities to participate in advanced financial activities, and meme coins can be seen as a more transparent form of speculation.

Finally, despite intense market fluctuations, the crypto industry seems likely to continue existing and developing. Like human speculative nature, this market may never completely disappear.

As investors, it is important to stay clear-headed, analyze rationally, and always be alert to potential risks. The future of the cryptocurrency market is full of opportunities and challenges, requiring us to keep learning and adapting.