Where is the future of the cryptocurrency industry?

In this bull market, the only cryptocurrencies worth discussing are those associated with the crypto-stock concept. Other small coins? They have long since disappeared. Yet many people are still asking whether altcoins will rise — the answer is simple: most project teams have long given up on their projects, and the maximum potential rise is only 30%. Investing in altcoins is more like venture capital — you are investing in people, in teams, rather than the projects themselves. If you still want to bet on the future of altcoins, start by studying the teams. Only capable teams deserve a future.

Every bull market is essentially the result of a large influx of external capital. When liquidity exits, the bull market ends. The endpoint of this bull market largely depends on when Wall Street can no longer buy. If the U.S. can continue to borrow, print money, and cut interest rates to release liquidity, the market can still rise; otherwise, it may cool off. Recently, U.S. prices have started to rise again, and the expectation for interest rate cuts in the second half of the year is currently two: a 70% probability of a 25 basis point cut in September, and only 50% in October. According to Powell's attitude, if CPI continues to rise, there might be only one cut left. Overall, I remain cautiously optimistic about the market — advancing while retreating. The more people shout bull market, the louder the noise becomes. Stay alert — when an avalanche comes, no snowflake is innocent.

The main theme of this bull market is everything being put on the blockchain. Future opportunities will more likely lie in RWA (Real World Assets) and stablecoins. Other so-called "innovations" seem to be just temporary fads. Putting everything on the blockchain requires strong endorsements from institutions or governments to simplify the intermediary processes through blockchain. This implementation takes time and will face resistance — after all, it will touch the interests of intermediaries.

Therefore, the status of Bitcoin is beyond doubt. Other coins may just be fleeting moments. If you are a long-term investor, the safest strategy remains: hold Bitcoin well, and participate in some RWA projects during downturns. When the next round of rises comes, this may be the real alpha.$BTC