312 feels like it was ages ago. Back then, implied volatility was as high as 500%, and what limited this volatility wasn’t the market itself but the rules of the exchanges. Six years have passed, and the options market has become much more mature. It’s no longer the wild west it used to be, with implied volatility now consistently staying below 60%, instead of the 100%+ levels we saw back in the day. But the options market has grown from just a few hundred million dollars in daily trading volume to tens of billions today, achieving over tenfold growth. It’s now firmly in the mainstream investment spotlight. I believe that in the future, whether it’s the crypto market or the options market, there’s still 10x potential. The current market penetration still has plenty of room to grow.