Recently, I saw an industry forecast report that made some interesting judgments about the market landscape for the next two years.

**The Trend of Bitcoin**: The core logic remains as follows: there may be significant fluctuations in 2026, but don't be too pessimistic. By 2027, the real big goal is to reach the position of $250k. Why? There are two forces pushing this forward—institutional funds continuously entering the market, along with ongoing loose monetary policy. When these two conditions combine, BTC's role officially transforms. It upgrades from being merely an investment product to a true "non-dollar hedging asset." At this point, the strategy becomes simple: just hold on and don't mess around.

**Changes at the ecological level** are what truly deserve attention. The trend that has been talked about for the past two years — the shift from fat protocols to fat applications — now seems to be becoming a reality. The heat in the infrastructure sector is gradually cooling down, but the application layer is accelerating in warmth. Applications that can genuinely create value for users and implement use cases are the direction that capital and attention will chase in the future.

In simple terms, 2026 may be a watershed moment—where infrastructure is no longer the focus, and the application ecosystem becomes the main character of the next era.