A Decade of Triumphs and Trials in the Cryptocurrency Sphere: From Frenzy to Rational Wealth Cultivation (2015-2025)

1. Cognitive Section: Understanding the Nature of the Market

The Law of Cycles is an Eternal Principle

After personally experiencing three complete bull and bear markets (2017/2021/2024), it is confirmed that Bitcoin's four-year halving cycle acts like the "economic clock" of the crypto world, but each narrative logic is upgraded. The "Bitcoin Renaissance" brought by the Ordinals protocol in 2023 has completely overturned the perception that "BTC is just digital gold."

Narrative Economics Dominates the Market

From ICOs to DeFi Summer, from NFT avatars to metaverse land, the hottest RWA (Real World Assets) track in 2025 proves that capital always chases new stories. However, we must beware of the "narrative trap"—when projects like STEPN and other X2E collapsed in 2022, 90% of the followers became the bag holders.

Regulation is the Biggest Variable

When the SEC continuously sued Binance and Coinbase in 2023, the market evaporated $300 billion in a single week. However, after the approval of Bitcoin spot ETFs in 2024, the entry of traditional institutions brings new game rules—compliance has become an irreversible trend. #币圈暴富