The general sentiment within the crypto community is one of great disappointment, primarily because altcoins are not rising, leading to a lack of wealth effect. If we talk about the level of scams in the crypto space, it hasn't really changed much since the ETH ICO days. What has changed is the liquidity. There's also a perspective that says, "If liquidity is what makes money in the crypto space, then why not just go to the U.S. stock market?" Actually, there is a difference. When liquidity comes, the crypto space allows small capital to make hundreds of times the return. This has always been a place where small bets can yield big rewards. I personally feel that this space hasn't changed much. When the wealth effect returns, faith naturally comes back as well. No community can grow without a community, and no narrative can rise without a narrative. There will always be innovative things that accompany a frenzied surge, making everyone believe that "this time is different." Even with insufficient liquidity, there were still people last year making money daily with a 10 SOL principal during pumps. So, the essence of the crypto space is still a place where small bets can yield big rewards. Its characteristic is extreme freedom and liquidity, allowing anyone to jump in and take a gamble 24/7 globally. What’s missing now is just one round of quantitative easing. For young people without much capital, staying in the crypto space and looking for opportunities is still a better path. As for those who are already at A8/A9 levels or above, it’s pretty much the same everywhere, and the limited capacity of the crypto space might even make the U.S. stock market a better choice. But if you don’t have that kind of capital, it’s better to stay in the crypto space and wait for miracles—it’s easier to see them here.