Looking at market cap, the total global gold market cap has stabilized at $30 trillion, the global stock market cap exceeds $150 trillion, while crypto has just surpassed $3.2 trillion. If cryptocurrencies are to serve as 'digital gold' or a 'new settlement layer,' there’s still massive growth potential. Currently, cryptocurrencies are more often seen as speculative assets, but as CZ said, the potential of the underlying blockchain technology is far from fully realized. RWA (Real World Asset tokenization), decentralized physical infrastructure, programmable money, etc.—the blockchain industry today is like the early 1990s internet. The market is at a crossroads, transitioning from pure coin price speculation to application-driven value.