Recently, people around me keep shouting "The crypto world is doomed," but the more I hear it, the more certain I become of one thing—those who are bearish, rather than looking down on the future, are simply confused by the market fluctuations.

Let's start with Bitcoin. Too many still treat it as a pure speculative asset, unaware that the big funds have long since changed their approach. You'll notice an interesting phenomenon: on one side, traditional capital seeks stability with gold; on the other, institutional investors keep increasing their Bitcoin holdings to gamble on appreciation.

This is not a contradiction; it's division of labor—gold maintains the baseline, Bitcoin is responsible for growth. As long as this logic holds, Bitcoin's market size will eventually surpass gold and become the second-largest global asset after the US dollar.

Now, looking at the public chain sector. To put it bluntly, Ethereum being challenged is not some conspiracy; it's market choice. High transaction fees and complex technical architecture make "decentralization" seem more like a marketing concept—node centralization and custodial centralization are on the rise, and if problems occur, they can be shut down at will.

In contrast, Solana openly displays its flaws—downtime has happened, and core restructuring has been done—but the direction has never wavered: reduce costs, increase speed, improve user experience.

What the market wants has never been about faith; it’s about usability.

Regarding the Web3 scene, stop comforting yourself. Truly innovative projects have already peaked. Inscriptions and MEMEs look lively, but they are just old tricks in new skins—nothing more than issuing tokens to pump and dump, cycle after cycle.

Old and new don’t matter; surviving is what counts.

But here’s a key point many haven’t fully understood—The crypto world and the Bitcoin community are fundamentally two different things. The game in the crypto space, frankly, is just continuously converting your Bitcoin into other tokens. The result? Hundreds of thousands of altcoins in the market, with less than 1% of them outperforming Bitcoin each cycle, and only a few surviving in the next.

To survive, the main position must always be Bitcoin.

Because the core of the entire system is built on one thing: financial logic. Bitcoin equals modern gold, DeFi is the retail investors’ little Wall Street, and MEME is essentially transparent gambling.

The superficial forms keep changing, but human nature never does. So will the crypto world stop? No. Just like humans can never fully resist the urge to gamble, this system is destined to keep cycling and rebooting.

The only difference is—some keep getting harvested repeatedly, while others slowly understand the rules.