By the end of 2025, an interesting phenomenon has emerged — the annual outlook reports from over 30 top global financial institutions all point to the same conclusion: the crypto asset market is undergoing a profound transformation.

To put it plainly, the days of 2021 to 2022, when retail investors were wildly speculating with high leverage and making money through storytelling, are truly coming to an end. Institutional investors generally bet that 2026 will be a watershed year — as regulatory frameworks gradually take shape, institutions use crypto assets for macro risk hedging, and real technological applications begin to be implemented, these three forces will drive the market into a new phase. Industry insiders call this period the "Industrialization Stage."

Interestingly, behind this consensus lies quite a bit of genuine competition. Will Bitcoin's volatility be even lower than Nvidia's? Is the threat of quantum computing something we need to guard against now, or can we wait a bit longer? Who will become the ultimate winner in AI payment layers? On these issues, major institutions still hold differing opinions.

So the core question is: where will the money flow in 2026? How should ordinary investors position themselves in this transition?