In the past decade, the Candlestick Chart of the Crypto Assets market has remained as volatile as an electrocardiogram, with the main characters shifting from the retail investors of yesteryear to the Wall Street giants of today.

Looking back to 2013, in the stuffy and noisy internet café, I once mined Bitcoin with great hope, dreaming of easy wealth. In the blink of an eye, Bitcoin has grown into a behemoth with a total market capitalization of 3.63 trillion USD, still firmly sitting on the throne with a 58.7% market share.
This dominance is not coincidental. Whenever the market suffers a heavy blow, whether it was the crash in March 2020 or the turmoil in May 2021 and October 2023, Bitcoin always stands firm in the storm, demonstrating its key role as the market's "ballast." Now, financial giants like BlackRock and Fidelity are incorporating Bitcoin into their strategic allocations, and the booming development of ETFs further confirms the long-term confidence of institutional investors.
At the same time, other Crypto Assets such as Ethereum are also striving forward in their respective fields. Ethereum has occupied a commanding position in the new finance through the DeFi ecosystem, Solana attracts gamers with its incredible transaction speed, and Cardano aims at the compliant market. However, in terms of risk resistance, these newcomers still find it difficult to match Bitcoin.
Currently, the daily trading volume of the Crypto Assets market has reached 194 billion USD, a significant portion of which comes from long-term funds rebalancing. This structural change indicates that the market has gradually shifted from early speculation dominance to a more mature asset allocation model.
The total market capitalization of $3.63 trillion not only signifies the arrival of another bull market but also represents the realization of the future value of digital assets. It is no longer a utopian fantasy in geek forums, but a real existence in pension investment portfolios, duration calculations, and round-the-clock monitored financial underlying assets.
Ten years ago, what we bet on was a belief; today, this belief has transformed into a gift of time - evolving speculative trading into a robust asset allocation, turning the dreams of geeks into Wall Street's new darling.
Although the road ahead is still long, the future of digital assets has begun to shine. This industry is undergoing a transformation from marginalization to mainstream acceptance, witnessing the integration of financial innovation and traditional systems. As participants, we are both witnesses to this change and drivers of it, jointly shaping a new landscape in the financial world.