So far in 2025, only 31% of people have made a profit, which is not surprising. This phenomenon will continue to intensify in the coming years, but the future that awaits us after this cycle is an extremely long growth period This is still in the state of a bull market. The cryptocurrency industry has gone from the initial stage, where the market is rising and the trend is surging, to the mid-term stage, where the market is mixed with good and bad projects, and then to the current mature stage, where the fittest are eliminated and the true are retained The entire market is gradually moving towards specialization, compliance, and traditionalization This belongs to the theory of evolution in the cryptocurrency industry, where a large number of projects and individuals will be eliminated during a period of great pain. In the future, the cryptocurrency industry is likely to only exist in two major sectors: compliance and ETF The cryptocurrency industry has long passed the speculative era where money could be made based on intuition, but has moved towards the rule era of traditional financial markets Without skills, it is difficult to survive in the market for a long time in the future