I recently heard a rather sobering perspective at an industry conference: in the next two years, the wealth landscape in the crypto world will undergo a brutal reshuffle.

Honestly, this hits a nerve with many people. We all know that the stories in the crypto space haven't changed much over the years—people chase whatever is hottest at the moment. From the crazy ICO boom to DeFi mining, NFT hype, and the metaverse concept, each cycle has been a frenzy for speculators. Everyone's thinking the same thing: catch the trend, get rich overnight. As for whether the project itself is valuable? That's secondary.

The problem is, this approach is becoming less and less viable. The market is maturing, regulations are improving, and low-quality projects are increasingly easy to identify. Those relying on short-term arbitrage will find their space gradually shrinking.

The upcoming shift is quite clear: the entire industry is moving from "speculation-driven" to "value-driven." In other words, the era of only chasing concepts and focusing on short-term price swings is coming to an end. Those who will survive are the participants who truly recognize the long-term value of projects and are willing to commit for the long haul.

The large-scale entry of AI and bot users into the crypto market will further accelerate this transition. This isn't just a technical upgrade; it's a fundamental change in the entire ecosystem's user structure. When real users and application needs become the driving force, the market can no longer sustain itself solely on speculation.

So by 2026, you'll see two completely different groups: one consists of long-term believers who saw the trend early and are dedicated to real projects—they will reap the benefits in the new cycle; the other comprises those still dreaming of overnight riches, mostly just watching opportunities slip through their fingers. This is what we call "wealth migration."