Recently, market analyst Lao Cha made some thought-provoking points about the upcoming encryption bull run. He predicts that this will be a super bull run led by institutional investors and capitalists, estimating that Bit could reach a high of around $250,000 next year.

Old Cha also pointed out that the altcoin market will welcome a large influx of funds and believes that this round of bull run will still follow the four-year cycle theory. However, it is worth noting that he did not specifically mention whether the funds would flow into meme coins or cryptocurrencies with extremely small market capitalizations.

In my personal opinion, while funds will indeed flow into the encryption cryptocurrency market, they are likely to be primarily concentrated in projects with large market capitalization or those favored by institutional investors. Smaller encryption cryptocurrencies that lack popularity or institutional support may struggle to attract funds and even face the risk of being eliminated from the market.

The spectacle of 'all coins rising' is probably hard to reproduce, and the market will become more selective. If the four-year cycle theory still holds, this could be a relatively favorable market environment for cautious investors. In this context, investors need to more carefully assess the potential and risks of various projects, rather than blindly following market trends.