The US crypto stocks are collectively celebrating: the market has suddenly realized that the three words "blockchain" are truly valuable

Once, the three words "blockchain" were like the ".com" during the internet bubble era, anyone with that word in their name could see their stock price soar. Later, the bubble burst, and everyone became more cautious. As a result, now US stocks with crypto concepts are rising again, as if the capital market is saying: "Sorry, I believe again."

But unlike in the past, this time the funds are clearly more mature.

In the past, many companies promoting crypto concepts just told stories; now the market is paying more attention to real assets, coin holdings, cash flow, and institutional partnerships. In other words, the industry is shifting from the "PPT era" to the "financial report era."

The biggest driver of this rally is actually continuous inflows of institutional funds. After ETFs opened the door, a large amount of traditional capital can finally participate compliantly. As a result, the valuation logic of the entire industry has changed.

What’s most interesting is how quickly Wall Street’s attitude has shifted, almost like magic. Many analysts who used to frown at Bitcoin are now writing reports and raising target prices. In the capital world, there are no eternal enemies, only constantly changing yields.

And why does the market like crypto concept stocks? Because they inherently have high elasticity. When the market is good, they outperform tech stocks; when sentiment weakens, they fall even harder than tech stocks.

In simple terms, this is the "stimulant" in the capital market.

But what’s truly worth noting is the change in the global financial system. Stablecoins, on-chain payments, digital asset custody—these are no longer just geek topics but are beginning to enter mainstream financial discussions.

Therefore, the rise of crypto concept stocks is not just short-term speculation but more like a "preview of future finance." As for who will ultimately survive, it depends on who truly has core competitiveness. After all, markets can hype emotions, but in the long run, they will inevitably return to value. #Gate广场五月交易分享