Thoughts on the Next Bull Market Altcoin Deployment

Exchanges venturing into the U.S. stock market are essentially signaling to everyone: the crypto industry is entering a new phase.
In the past few years, the industry's biggest growth has come from constantly creating new tokens, new concepts, and new narratives. But today, the market has proven that simply issuing more altcoins does not bring real value.
Liquidity is becoming increasingly dispersed, users are growing more exhausted, and even leading platforms are actively seeking new growth opportunities.
The true opportunities in the future may not lie in creating more speculative assets, but in bringing real-world assets onto the blockchain.
Stocks, bonds, funds, commodities—these are the markets with actual scale of hundreds of trillions of dollars. In comparison, the current size of the crypto market is still very small.
If blockchain can become the infrastructure for trading, settlement, and circulation of these assets, then the industry's ceiling will be completely lifted.
So, the most worth paying attention to in the future may not be how much faster a public chain has become or how many times a Meme has multiplied, but who can become the gateway connecting traditional finance and on-chain finance.
Who can onboard traditional financial users, who can enable ordinary investors to trade stocks, bonds, and other assets on-chain—these are the ones who will have the opportunity to capture the biggest dividends in the next phase.
Therefore, my focus for the next bull market has also shifted.
Compared to altcoins lacking real value support, I am more interested in projects that can directly benefit from financial onboarding, asset tokenization, and traditional capital entering the space.
Because in the context of industry transformation, assets with long-term value are often concentrated in these core directions.