The next two years might mark the beginning of the next bullish wave!

This time, the trend of tokens is led by Wall Street, and finally, the winds of Wall Street are blowing on the application layer!

Regarding this concept, the first time I engaged with it was in 2018, when the market was generally called chain modification or asset lifting on the chain. In 2020, it became the DeFi year, with the launch of chain-based games and NFT art ownership rights. In 2021, that wave saw nearly all celebrities worldwide launching NFTs, including Lin Jong, Joe Jung, and the most famous from Europe and America, including businessmen like Trump—most notably! At that time, parliamentary discussions could generate humorous meme haircuts;

In this round, every platform started competing to launch US stock tokens and gold tokens. Yesterday, ICE invested in LUS, and today BlackRock has begun issuing statements, with BlackRock’s CEO saying that tokens will change the financial sector forever, enabling greater freedom in investment flows. Wall Street has started to intervene, so it has become a given;

Every bullish market wave first requires a logical and sustainable concept that is generally recognized by the market, then momentum gradually accumulates, and thus the bullish wave begins to emerge;

No bullish market wave can rely solely on memes. Memes are usually at the tail end of the market, driven by speculative emotions and profit-taking, while the bullish wave depends on sustainable concepts that gain broad recognition and gradually turn into a reality that sparks interest—such as ICOs in 2017, DeFi in 2019, the explosion of stablecoins and DeFi infrastructure, and the flourishing of L2 solutions, laying the foundation for bullish market stories in 2020 and 2021. Between 2023-2025, all will be crazy on-chain behaviors driven by memes, except that the BTC/ETH ETF pushed Bitcoin and Ethereum to new heights. However, the lasting impact is not significant. If you try to summarize the development of the crypto market over the past two years, what would you choose as a distinctive marker for this evolution?
#加密市场上涨