#数字货币市场洞察 Many people dream that a certain asset can keep rising forever, and Bitcoin is a typical example. Indeed, the total supply of $BTC is fixed, and its scarcity is obvious—this is a fundamental advantage. But in reality, no one is content to just hold a single high-priced coin as their only asset. The market will inevitably give rise to alternatives to diversify demand—$ETH emerged in this way, and more will follow. Once there are choices, $BTC is no longer the only value anchor. Price fluctuations come along, and ups and downs become the norm—the myth of perpetual one-sided growth simply does not exist. This is the true logic of the crypto market: scarcity ≠ endless appreciation, and competition and substitution will always change the rules of the game.