Many people ask: Since BTC has risen like this, can it still be bought now?

Let's start with a phenomenon - can you guess what the project team ultimately exchanged the money for?

The answer may surprise you: most of them ultimately converted to Bitcoin.

This matter is actually quite easy to understand. Those teams that create copycat projects, after messing around for a long time to issue a token, what do they do after making money? Some spend it, and a few conscientious teams will continue to develop, but the remaining amount of money - they themselves know that their own token is unreliable. So they quickly convert it to BTC.

Think about how ironic this logic is: retail investors lose money buying altcoins, while the project teams cash out to buy Bitcoin. It’s as if tens of thousands of projects and countless retail investors are collectively donating money to BTC.

Let's look at two more trends.

**Tokenization of the stock market** is already on the way. The traditional financial world is slowly migrating to the blockchain, so who is the "Moutai" of this new world? Clearly, it's BTC. The first stop for funds entering the market is it.

**RWA (Real World Assets on Chain)** follows a similar logic. Houses, artworks, and bonds all need to be on chain, but investors still need to have some "hard currency", right? The top asset on the chain leaderboard is still BTC.

Some may ask: What about gold?

Gold has indeed been strong for thousands of years. But here’s a fun fact: in the future, gold may also be tokenized. At that time, it will have to be compared on the chain with other assets. And right now, in this system, BTC is the de facto leader.

It is not to say that it must "replace" gold, but rather that it has already taken the center stage in this new set of rules for digital assets. Just like you wouldn't ask "why can Patek Philippe sell for tens of millions" — once consensus is formed, it is difficult to shake.

Back to the original question: Can it still be bought now?

Let’s put it this way— as long as the tokenization wave continues, as long as project parties are still issuing coins to cash out, and as long as traditional assets are still moving onto the chain, funds will continue to flow into BTC. Before this logic breaks, adjustments may be opportunities, not endpoints.