#荣誉积分新年抽奖，赢Macbook、精美周边等好礼！ Some Thoughts on the Crypto World:

In terms of market performance

- Bitcoin's rise has slowed down, while altcoins have performed strongly: Bitcoin surged in 2024 due to factors such as ETF approval, but its rise slowed down at the end of the year due to the hawkish policy of the Federal Reserve. Meanwhile, altcoins performed well in early 2025 and continued to increase their share in the overall crypto world market value.
- Ethereum Opportunity and Challenges Coexist: Ethereum's performance in 2024 is not outstanding, spot ETF funds are not as good as Bitcoin, but Layer-2 technology continues to grow, expanding Ethereum's throughput capacity. However, it also brings problems such as reduced mainnet activity and network fragmentation.

In terms of policy environment

- US regulation is expected to relax: Trump's change in attitude towards cryptocurrencies after his election promises to relax regulations, such as the possible dismissal of SEC Chairman Gensler, adjustment of accounting standards, etc. This will bring capital inflows to the crypto world and create development opportunities for NFT, DeFi, and other fields.
- Global regulations still have uncertainties: Although there are expectations of regulatory relaxation in the United States, the regulatory policies of other countries are still unclear, and there may be a situation of strengthening regulations to prevent risks. Overall, the crypto world is still in an environment of policy uncertainty.

In terms of technological development

- Continuous innovation emerges: new technologies such as inscriptions and runes have emerged in the Bitcoin field, Ethereum's Layer-2 technology continues to develop, cross-chain technologies are also being explored continuously, bringing new possibilities and development directions for the crypto world.
- Security issues still need to be addressed: Security incidents such as smart contract vulnerabilities and hacker attacks still occur from time to time, and technological development also needs to constantly respond to new security challenges to ensure the safety of investor assets and market stability.

Investment risk aspect

- Speculative nature remains high: Most altcoins and meme coins lack actual value support, with large price fluctuations. Investors are easily influenced by market sentiment and blindly follow the trend, posing significant speculative risks.
- Market volatility: Influenced by various factors such as policies, technology, market sentiment, the price of the crypto world fluctuates sharply. For example, Bitcoin can experience significant ups and downs in a short period of time, investors need to have a strong risk tolerance and psychological preparation.