#比特币ETF资金流入 Looking back at history, it is not difficult to see that the significance of this institutional attitude shift is profound. Pioneer leading the way, once a crypto skeptic, now opens Bitcoin ETF trading; Bank of America also recommends moderate allocation of digital assets, which reminds me of the scene in 2017 when institutions entered the market. At that time, it was also a process from skepticism to acceptance, but the scale and influence were far less than they are now.

This change reflects the market’s growing understanding of digital assets. From being purely speculative instruments to now being regarded as alternative assets that can be included in investment portfolios, cryptocurrencies have gone through a long ten-year journey. However, we must also beware of excessive optimism. History shows that after each bull market, there is a deep correction; institutional entry does not mean a one-sided rise.

Currently, we may be at the beginning of a new cycle. But investors need to act cautiously, control their positions, and manage risks well. After all, the market’s volatility remains high. Looking back at the ups and downs of the past, maintaining rationality and a long-term perspective might be the most valuable lessons we can learn from history.