Recently, I had dinner with several veteran players who have been in the game for a long time, all of whom were among the earliest to enter and accumulate crypto assets.

When discussing the current market situation, one friend suddenly said something that instantly woke everyone up:

"Many people actually don't understand the underlying logical sequence. The规律 of market operation is actually very simple—hardware always moves first, software follows."

He continued to explain that semiconductors and tech stocks belong to the hardware layer, and that wave of market frenzy has already gone through one round. As for the essence of cryptocurrencies, to put it simply, it's software.

"Based on that, it looks like it's our turn next."

This viewpoint is indeed worth pondering. The cyclical rotation of the market, with hardware leading and software following, has been reflected in every technological wave. If this logic holds, then a new opportunity window in the crypto field might truly be right in front of us.