#美国经济政策变化 Looking back at past project experiences, it’s not hard to see that the market always moves forward in cycles. The latest Grayscale Research report reminds me of the grand bull market in 2017. At that time, many believed Bitcoin would enter a prolonged downturn, but the facts proved it was just a temporary correction.

The current market structure has indeed changed. The influx of institutional funds, especially through ETFs and crypto treasury companies, has brought more stability to the market. This is very different from the situation dominated by retail investors and trading platforms back then.

Changes in U.S. economic policy are also worth noting. Potential interest rate cuts and bipartisan support for crypto legislation will undoubtedly inject new vitality into the market. This reminds me of Bitcoin’s performance after the Federal Reserve adopted quantitative easing policies in 2013. History always repeats itself in astonishing ways.

Although Grayscale predicts Bitcoin may reach new highs by 2026, we must also stay vigilant. A 25% or larger correction is not uncommon in a bull market, and it’s important to see the long-term trend clearly. From past experience, those who remain calm during market panic and stick to long-term investment strategies often reap the greatest benefits in the cycle.