One major feature of encryption technology is to lower the transaction threshold, in other words, it can promote trading freedom. For example, users in some regions were previously unable to purchase securities, but now they have the opportunity to do so. Even the shares of some popular companies that are not yet circulating in the public market can be circulated through tokenization. These haven't actually happened yet, but they have already begun to sprout. At the same time, there will be a cruel thing - behind free trading, there will be a concentration effect, and some top assets and currencies will have increasing opportunities. Relatively weak currencies or assets will gradually be marginalized due to the loss of protection thresholds. Of course, new assets with narrative abilities will also have more opportunities. The true impact of encryption technology has just begun. From an investment perspective, new opportunities and pitfalls will continue to emerge.