Do you remember the slogan 'One Bitcoin, One Villa' from the summer of 2017? One Bitcoin equals a house in a third or fourth-tier city. At one point, the price of BTC touched a historic high of 790,000 yuan in the early morning. Based on the average price of 6,500 yuan for a house in a third or fourth-tier city, the price of one Bitcoin was indeed equivalent to a house. From the end of 2016 to the end of 2024, in 8 years, the price increased by a full 100 times. In 2016, it first touched 8,000 yuan, and then, as the Spring Festival approached, it plummeted to 4,600 yuan, if I remember correctly. At the beginning of 2017, 1.5 million investors flooded into the cryptocurrency space. These were early participants, and during this period, 99% of virtual currencies had not yet been born. In that summer of 2017, you all shouted 'One Bitcoin, One Villa' in the group, and I almost laughed out loud. It seems I underestimated the power of technological innovation. I initially thought this was just a game of passing the parcel or a Ponzi scheme. By 2019, I thought it was at most like Guizhou Moutai. Who would have thought it could enter the global top 10 and become part of the core assets' first tier? Looking back at this history 8 years later, 'One Bitcoin, One Villa' did not materialize, but the market value of 16 trillion yuan is indeed shocking. No single asset in China has achieved this market value; even Guizhou Moutai is only worth about 2 trillion.