This is the charm of the cryptocurrency world and the opportunity for wealth

From the perspective of the credit cycle, the essence and opportunities of cryptocurrency​ The coincidence of Bitcoin's halving cycle with the expansion phase of the credit cycle is merely a coincidence. The credit cycle generally lasts 5 - 10 years; the interest rate cuts in 2020 began the expansion, driving the bull market for DeFi and NFTs, which later entered a tightening phase due to inflation and interest rate hikes. Now the market is waiting for the next round of the credit cycle to begin, while the direction of depression and recovery is full of uncertainty. ​Cryptocurrency is an excellent reflection of cycles; it embodies three major bubbles: altcoins and memes based on narrative pricing, leveraged expansion of DeFi, and concept-valued startup projects, along with efficient money laundering properties. RWA is not the future of cryptocurrency; its convenience as an offshore financial market is key. ​所谓价值投资，本质是识别周期，在泡沫初期入局，在泡沫巅峰离场。无论是加密货币，还是科技股、房地产，参与者本质都是交易者，只是精明程度有别。这场金融革命已然开启，链上离岸金融市场的建立，正等待有识之士把握机遇。