Life assets always go through ups and downs, maintaining value and liquidity are the keys. BTC may retain its value and have sufficient liquidity, but whether it can maintain growth like before is something to observe. New talents will emerge in every generation, each leading the way for hundreds of years.

If BlackRock's ETF brings the crypto market into a new era, then in this new era, the remnants of the old era, is there a vessel to carry it forward?

Set sail, young ones, do not look back; the times are changing. The last symbol of the era, if it does not fall, the world of the younger generation will not come. We must always understand that small trees cannot grow under the shade of big trees.

Therefore, I believe that in the new crypto era, BTC will lose its momentum for significant growth, its volatility and fluctuation range will decrease, and its value will be transferred to altcoins, where killer applications will emerge. BTC and other crypto assets will quickly distinguish their positioning: one is the embodiment of value retention and liquidity, while the other is the embodiment of significant growth and volatility.

The season of application tokens will inevitably drive the growth of low-fee, high-performance L1 and L2 public chains, because institutions will create bubbles, and secondly, segmented tracks will welcome rotation.

It is like a tree, high performance, low fee = tree roots, segmented tracks = leaves and branches. As segmented tracks rotate, the branches will flourish (light phase), driving the growth of high-performance, low-fee foundational chains (carbon phase) (photosynthesis). Although the leaves and branches may wither, the fallen petals are not heartless; they turn into spring mud to protect the flowers even more.