Meme will not die, but it seems that after Trump issued the currency, the overall meme sentiment has indeed been largely exhausted. In the short term, the market cap ceiling may continue to decrease, and a lower ceiling means more PVP (player versus player). In the secondary market, I believe the RWA (real world assets) track has considerable potential, or narratives surrounding Bitcoin itself. In the past couple of bull markets, the competition was about the performance of L1 (Layer 1 blockchain), but now L1 projects are oversaturated, and many projects that claimed to be top-tier upon launch have been proven false. Even ETH has fallen into an awkward situation of lacking a new narrative. After experiencing two bull-bear cycles, we found that web3 cannot actually change the world. Currently, it seems that what can truly last in the future may only be BTC's 'digital gold' narrative. When BTC is gradually adopted by more listed companies, and even countries as a reserve asset, there will actually be many business opportunities that can arise, such as asset management around Bitcoin.