Crypto, the core of blockchain is not solely based on its monetary attributes, but rather on the transformation of financial technology.

Those who trade cryptocurrencies know that what can be done with stocks can also be done with blockchain, and even done better.

In traditional scenarios, currency, commodities, and government stocks are separate.

With blockchain technology, these three attributes are unified. This will give rise to a new economic model, which is the token economy.

However, different cryptocurrencies have their own points of emphasis. Bitcoin's most notable features are security and decentralization, so it stands out as a store of value, akin to digital gold.

In the past, if you wanted to start a company from scratch and take it public, you would need to go through early-stage financing, establish a company, create a somewhat credible product, and then expand financing through several rounds in the primary market… Getting to this point is already quite rare, and then you would prepare for an IPO, which requires approval from an exchange to have the opportunity to trade your stock in the secondary market.

Now, with blockchain, even a teenager can issue a token and allow it to be traded in the secondary market.

This can be compared to self-media; in the past, filming, editing, and publishing were monopolized by media companies and state institutions. Now anyone can shoot videos, and often official media can't compete with individuals. Of course, the downsides are evident, with a lot of false information. In blockchain, there are many scams, but this is the trend that cannot be stopped.

Whichever country can allow traditional finance to embrace blockchain technology will occupy the high ground of future world finance. No country has achieved this yet, as larger nations like the US and China become increasingly cumbersome, and the cost of necessary reforms becomes greater.

Currently, the US only recognizes Bitcoin's attributes as digital gold, treating it as a commodity. Bitcoin is separate from the traditional financial system, and blockchain technology has not been applied to traditional finance, although it is currently much faster than in China.