The market has been a bit crazy lately, and it's not just crypto that's rising.

The total market capitalization of US stocks has broken the historical high of $72 trillion, and precious metals haven't been idle either—gold has risen 50% over six months, silver has increased 50% in a month, and platinum has surged 50% in a week. Traditional safe-haven assets and emerging markets are soaring simultaneously, which is quite rare.

What's even more interesting is the underlying logic. According to reports, Bitcoin's staunch supporter Michael Saylor is pushing Saudi Arabia's $3 trillion sovereign wealth fund to massively buy Bitcoin. This isn't a small move by a single institution; it's a national-level capital shift on a massive scale. When sovereign funds, listed companies, and family offices start viewing crypto assets as new reserves, the market narrative truly changes.

The battle between stocks and gold is fundamentally a contest over existing assets, but the crypto space is different—it's still in the growth phase. User numbers are increasing, capital is flowing in, and the application ecosystem is expanding. The penetration from zero to one has just begun, and the curve is far from peaking.

Global funds are seeking alternatives outside the US dollar, and because of its liquidity and clear narrative, the crypto market is becoming an important outlet for this capital migration. As traditional capital and crypto protocols begin to merge, the next cycle may no longer be just about speculative trading but a deeper asset restructuring.