THE REAL CHANGE: when institutional capital entered.
🪙 Crypto is no longer the same market it was 2 years ago.
The BREAKING POINT was clear, although many did not see it at the time: January 2024.
Since then, THE GAME HAS CHANGED.
Not because of the price, but because of the players who entered the field.
🏛 Approved ETFs, BlackRock, Fidelity, JP Morgan, and sovereign funds began to take positions.
Not with speeches, but with real capital.
When such actors enter, they do not do so to speculate for weeks: they do so to build structural exposure.
👉 The most interesting thing is not just the direct purchase of #BTC , but the use of treasury companies as a vehicle: MicroStrategy, MetaPlanet, and others.
Not because they are perfect (they are not), but because they allow indirect exposure within the traditional financial system.
That sovereign funds hold them on their balance sheets is not ideological, it is pragmatic.
$BTC consolidates as a unique monetary asset: Scarce, neutral, and global.
$ETH , for its part, positions itself as the technological layer on which a large part of the new financial system will be built:
Product and technology. Reserve and structure.
🤷♂️ While retail hesitates due to the noise, big capital builds and only needs fundamentals, regulation, and time.
And that is exactly what is happening.
