Looking at it from a different perspective, the current downturn in the crypto market is actually nothing to worry about. This ten-year cycle is just a small episode in the history of industry development. The real story is still ahead—by 2030, cryptocurrencies will no longer be fringe assets but an indispensable part of the global financial system.

First, let's look at payments. Stablecoins will become the mainstream global payment method, and this is not a guess but an inevitable trend. As deposit and withdrawal channels become more完善, digital dollars will be integrated into local payment systems of various countries. By then, cross-border transfers will no longer take days, salaries will be credited instantly, and merchants won't lose a large chunk of fees—everything will settle in seconds with zero fees. What will happen to traditional banking payment services? Disruption.

Next, asset management. Tokenization will become standard, with traditional assets like stocks, bonds, and real estate all traded on-chain. What's the benefit? Investors will finally be able to allocate global assets with low barriers, no longer excluded by high fees. Personalized wealth management services will also extend from high-net-worth individuals to ordinary people. This will completely rewrite the business model of traditional asset management firms.

Finally, financial infrastructure. Public blockchains like Ethereum will become the "underlying operating system" of global finance. Various financial applications built on public chains, with smart contracts directly replacing traditional contracts and clearing processes, will significantly reduce transaction costs and risks, and market efficiency will be markedly improved.

Technologies that seem insignificant now will, in ten years, be at the core of the financial system's operation.