Actually, I don’t quite agree with this. It’s simple—U.S. stocks didn’t just start today. In the previous cycle, FTX was already involved in U.S. stock trading, and even STX in DEX was doing U.S. stock business. FTX even offered predictions. The key point isn’t that U.S. stocks will replace altcoins. The key issue is that the current liquidity in the crypto space is really poor. This isn’t something new—it happens in almost every cycle. When liquidity returns, altcoins will naturally thrive again. The reason is simple: most users in the crypto space are chasing high returns, not just aiming to make three to five times their money in a year. U.S. stocks are great, but due to regulations, they can’t experience the same kind of explosive volatility as cryptocurrencies. During bull markets, it’s common for altcoins to surge 100x in a week—many people have experienced this firsthand. Even for those trading U.S. stocks, I think very few are purely buying actual stocks. Most are leveraging contracts with added risk. For example, look at Binance’s CLUSDT trading volume—it’s almost catching up to CME, and at times even surpasses CME’s volume. That says a lot. Altcoins will still have players, just like casinos don’t lose gamblers just because there’s a mahjong room.