The most common fatal mistake in current investing is viewing a particular asset in isolation.

Think about it—cryptocurrencies, fintech, traditional stocks, their competitive frameworks are converging. You might have thought before that Bitcoin and Apple stocks had little in common, but now? Institutional investors are allocating all of these within the same capital pool.

This changes everything. Because value has never been an absolute thing. It only exists in comparison.

How much an asset is worth depends on what you compare it to. If you only look at the price of the coin itself, or only at the P/E ratio, you'll miss the bigger picture. You need to consider the relative relationships between these assets—their yields, risks, liquidity, and the roles they play within the broader macro context.

So, the true investment logic has changed: it's no longer "Is this asset valuable?" but "Is this valuable compared to other options?" Those who adapt to this way of thinking first will gain the advantage.