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Cryptocurrency analyst Willy Woo stated that Bitcoin has entered a phase of institutionalization, with the annual compound growth rate falling from over 100% in the early days to 30%-40%, and is expected to gradually stabilize at around 8% in the future. He believes that Bitcoin is continuously absorbing global capital as a macro asset, and achieving long-term equilibrium will still require 15–20 years, with almost no other asset being able to match its long-term performance.

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