According to CoinMeta, grayscale research director Zach Pandl stated that the price of Bitcoin is trending towards stability, and this round of bear market may be coming to an end. However, regardless of the short-term trend, its long-term upward trend has not changed. He believes that the continuously expanding government fiscal deficit will increase the demand for scarce assets, and the popularization of stablecoins and tokenization will drive blockchain into mainstream financial infrastructure. Moreover, younger investors have a higher acceptance of digital assets, which will also encourage institutions, wealth management platforms, and individuals to continue to allocate Bitcoin through tools such as ETP.