Benchmarking against a 25 trillion market value: How many times can Bitcoin rise? Jason Huang, founding partner of NDV (NextGen Digital Venture), stated during a call with Tiger Brokers on November 18 that after the Bitcoin ETF was approved in January 2014, it has become an asset class recognized by mainstream financial markets, yielding reasonable returns over a two-and-a-half-year period within a trillion-dollar scale. He believes that Bitcoin's fixed total supply of 21 million, compared to gold's asset scale of 23-25 trillion, has significant long-term growth potential, and after the ETF approval, its price has shifted to be demand-driven. Amid global political and economic instability and the Trump tariff war, Bitcoin and gold recovered earlier than the Nasdaq, and many view it as a 'digital gold' allocation; he remains optimistic about its future performance.