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If BTC is the "gold" of the Crypto world. ETH is the "U.S. Treasury bond" of the Crypto world. Then the real question arises. Who creates credit? In the real world, why can the U.S. dollar become the global currency? It's not because of the dollar itself, but because there is a huge credit system behind the dollar. Banks, bonds, loans, insurance, derivatives, payments... these together form the dollar financial system. If Crypto is to become a true financial world in the future, it also needs its own credit system. I increasingly feel that BTC creates asset credit. Because its quantity is fixed, decentralized, and has the highest security, people are willing to hold it long-term. ETH creates financial credit. Because lending, collateral, liquidation, staking, almost all on-chain financial activities are built on the security of ETH. But what really determines how far Crypto can go may not be BTC, nor ETH, but how much real credit can be created on-chain in the future. The credit mentioned here is not printing money out of thin air, but real-world assets, real-world cash flows, real-world enterprises, real estate, bonds, that is, what everyone has been discussing as RWA (Real World Assets). If more and more real assets start entering on-chain in the future, then the roles of BTC and ETH will become even clearer. BTC is responsible for becoming the global digital reserve asset. ETH is responsible for running the entire financial system. RWA is responsible for bringing real-world cash flows into Crypto. I increasingly feel that the true endgame of Crypto is not that everything is tokenized, but that more and more real-world assets actively start entering on-chain. By that time, the market discussion may no longer be about "how much BTC rose today" or "how much Gas ETH burned again," but: How many real-world assets today have started relying on the BTC and ETH financial system. BTC stores value. ETH runs finance. RWA creates real cash flow. All three are indispensable. $BTC $ETH #代币化合规放量，三线同日推进