#加密货币市场分析# Looking back at the crypto assets market over the years, I have witnessed too many ups and downs. The strategy in this move is quite ingenious. Loosening the holdings limit to 2.5 times the BTC holdings when the stock price is low seems risky, but in fact, it is a wise move in line with market conditions. From the initial defensive strategy to the current aggressive posture, the transformation of this company is thought-provoking.

TD Cowen predicts that by 2027, Strategy will hold 4.3% of the total BTC supply, which is no small number. Back in the day, we used to be pleased with holding a few hundred BTC, but now there are companies looking to accumulate nearly a million coins. Times are changing, and the landscape of players is constantly expanding.

However, this aggressive strategy reminds me of those projects in the past that collapsed due to excessive expansion. Market cycles are ever-changing; can the Strategy handle this high-risk, high-reward play? Is the expectation of BTC reaching $232,000 too optimistic? These questions are worth our deep consideration.

History tells us that it is equally important to remain rational in a bull market and to maintain confidence in a bear market. Regardless of whether the Strategy ultimately achieves this grand goal, its actions will become an important entry in this market cycle. As witnesses, what we need to do is to keep observing, draw lessons from it, and prepare for the next cycle.