U.S. policies are indeed changing. Recently, the government stopped making large-scale investments in a major asset management firm, which implicitly signals a broader message: the long-standing cycle of "creating wealth - concentrated purchasing - squeezing the masses" is beginning to be constrained by official policies.

The most straightforward statement is: "Housing is for living in, not a financial instrument." What does this reveal? It indicates that the years-long "asset bubble" is facing policy countermeasures. When the speculative space for traditional assets (especially real estate) is blocked by policies, the accumulated capital and new inflows must find new outlets.

The question is: where will this money flow?

Will it continue to hide in traditional safe havens like gold? or accelerate into a new asset ecosystem that is less connected to the old system? Increasing evidence points to the latter. Every adjustment of the old order releases structural opportunities in new tracks. When capital needs to reallocate, the crypto market, as a globally circulating, highly liquid, rule-independent value carrier, is being re-priced in terms of attractiveness.

Major cryptocurrencies like BTC and ETH are no longer niche assets. In the current environment where large funds seek alternative allocations, they are in a critical time window.

What’s your view? Which crypto sector is most likely to be triggered first by this round of capital flow adjustments?