Regarding the long-term value of cryptocurrencies, there is an interesting perspective: it is both a potential hedge tool within the US dollar hegemony system and a new medium for energy storage and transfer. Currently, as AI and POW mining compete for the same computational resources and electricity, this contradiction actually reinforces the fundamental demand for encrypted networks—competition for scarce energy will only make both ecosystems more efficient.

From the current situation of electricity shortages and token scarcity, the underlying long-term bullish logic remains valid. This is not about solving short-term transaction issues but addressing a fundamental belief problem: as resources become increasingly tight, the value certainty of POW will be re-evaluated. No matter how the market fluctuates, practitioners' confidence stems from this macro inevitability, not market sentiment.