Recently, I noticed an interesting trend—PwC, one of the world's top auditing firms, announced increased investment in the cryptocurrency sector. This signal should not be underestimated.

Why are even the most traditional and conservative financial institutions changing their stance? There are mainly two reasons:

First, the policy environment is indeed loosening. The U.S. government has appointed a group of relatively friendly crypto regulators, and progress on the "Genius Act" in Congress is also steady. These signs indicate that the U.S. is gradually clarifying its regulatory framework for crypto assets. Second, the trend is irreversible. The head of PwC US explicitly stated: "Asset tokenization is already the definite future direction; we must follow through with ecosystem development." If the leading auditing firm is saying this, what does it imply? The internal perception of crypto within traditional finance has undergone a fundamental shift.

What does this mean?

Firstly, the compliance channels for institutional entry are opening up. In the past, traditional capital entering crypto had to be discreet; now, they can openly deploy. Secondly, the narrative around crypto assets is upgrading—from geek experiments and speculative tools to a normal asset allocation for mainstream funds. Thirdly, sectors like asset tokenization and stablecoins, which require strong credit backing, may see unprecedented support in terms of funding and infrastructure.

From the perspective of ordinary investors, what does this indicate? Stop worrying about whether the foundation of the bull market is solid. A true bull market is not only formed by candlestick charts but also driven by decision-making from heavyweight institutions like PwC, one after another. Future liquidity will be more abundant, and market cycles may be longer.

Focus on your asset allocation and wait for opportunities brought by institutional integration. This process has just begun.