主要论点:
1. 未来三年将是机构主导的大牛市,不再是散户驱动
2. Mass Adoption 通过自上而下的金融基础设施升级实现
3. 「散户为潮,机构为海。潮汐可退,海不会。」
关键数据:
1. 2024-2025 数字资产基金净流入 442 亿美元
2. ETF 持有 BTC 占总供应 5.7%-7.4%
3. 机构对 BTC/ETH 配置占比 67%,散户仅 33%
4. 机构需求 $976B vs 可售供应$12B = 80:1 供需比
投资启示:
1. 从情绪交易转向顺大资金交易
2. 从找百倍币转向找结构性长期赛道
3. 从做短期转向做跨周期
4. 关注 RWA、企业级基础设施、托管服务等万亿级赛道
Respect to @chelsonw_

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