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Looking at this wave of operations, it truly confirms the old saying—every major conference is followed by a dip. During the Davos Forum, all the news was positive, yet the crypto market actually declined. This rhythm is indeed quite interesting.
The most noteworthy change is the attitude shift of financial institutions. The day before yesterday, Charles Schwab, managing 12 trillion yuan, fully expressed support for cryptocurrencies. Yesterday, UBS, managing 6 trillion yuan, also publicly took a side. UBS CEO bluntly stated—blockchain is the future of traditional banking. If the banking system does not proactively integrate this technology, it will eventually be eliminated.
This statement sounds quite heavy, but upon closer reflection, these two giants probably had plans behind the scenes long ago. This public declaration is most likely because their positions are already sufficiently established, and they have bought almost everything they needed. Now is the time to openly take a side and influence public opinion. From their defensive attitude towards crypto to now actively engaging, what does this shift reflect? It’s probably that traditional finance has realized—if they don’t keep up with the blockchain wave, they will truly be left behind by history.