What is the true purpose of holding cryptocurrencies like Bitcoin? This question sounds simple, but it actually involves the entire investment framework.

If we use Bitcoin as a reference anchor to reassess the value of other assets, the perspective can become completely different. For example, how should you evaluate traditional financial assets using Bitcoin's appreciation logic? This involves a new understanding of risk-free interest rates, capital costs, and macroeconomic cycles.

All these questions point to the same core— in the era of crossover between crypto and traditional assets, we need to redefine what truly constitutes value investing. Want to hear how these questions are discussed?