Is this the last bull run? No—it's the last bull run where you can "make money with your eyes closed."

Recently, many people have asked me: Will this be the last bull run in crypto?
My answer is: No.
What's really coming to an end is not the bull market, but the era of making money purely through luck and sentiment.
I chatted with an old trader a while back. He feels it will get harder and harder to make money in crypto going forward, and plans to gradually liquidate his positions and exit. $FOLKS
My view is the exact opposite. #美股AI概念股普涨
Bull runs won't disappear—only the way we make money will change.
A few years ago, as long as a project had a good story and enough hype, its price could go absurdly high. Many people could buy with their eyes closed and still profit.
But this kind of market driven purely by liquidity and emotion cannot last forever.
In the future, the market will increasingly value real substance: whether a project has actual use cases, sustainable development capability, and genuine users—not just a good story. #GUSD年化升至3.8%
MEME coins will still exist, and wild pump coins won't disappear either, but they will become more like local phenomena rather than the main theme of the entire market. $BSB
What can truly survive across cycles are projects with real value and sustained capital attention. $BTC
Crypto is gradually shifting from being emotion-driven to value-driven.
Bull runs will still come, but the next market will reward those with knowledge, patience, and risk management skills—not just those relying on luck.
Opportunities have always been there; it's just that the bar for making money is getting higher.