I suddenly have a strong feeling: over these years, we've been under the impression that we are betting on the future, but in fact, we are just holding a siege hammer as a treasure.

To put it bluntly, Bitcoin was indeed a divine weapon back in the day, but its role is more like smashing open the walls of old finance. Once the wall is broken, the road is clear, where does the real capital flow? Not into BTC, but into various tokenized real assets. US stocks, gold, and USD are all sprouting on the chain.

In the past two years, the more I observe, the more I believe that capital hasn't changed its mind, it's just becoming more pragmatic. After all, now even banks can directly connect to USDT, and trading has been thoroughly copied by traditional institutions.

You ask me to risk huge drawdowns and regulatory risks to ALL IN on an asset with only one purpose? Instead, it's better to honestly hold tokenized real assets that generate income, have cash flow, and are backed.

To be frank, the war is over. The siege hammer should exit the stage. The next market wave might be the on-chainization of real assets, rather than continuing to bet on magical stories.

Retail investors' biggest fear is not slowness, but constantly fixating on heroes of the old era.