As the cryptocurrency landscape matures from its early days of niche adoption, investors are moving beyond simply looking at market capitalization and embracing a more nuanced approach to evaluation. This shift in thinking is reflected in an increased adoption of stock-picking strategies that analyze the unique value propositions offered by each project. The crypto market’s evolving dynamics have prompted institutions to adopt detailed analysis techniques similar to those used in traditional finance. [Hunter Horsley, CEO of Bitwise Investments, highlights this trend and notes how institutions are now viewing the entire crypto market as diverse and complex, not simply as digital gold.] This shift is further evidenced by the rise of new exchange-traded funds (ETFs) that go beyond Bitcoin, venturing into lesser-known coins like Dogecoin. [The Bitwise Investments ETF proposal for AVAX exemplifies this diversification strategy]. A key question remains: can Bitcoin be both a store of value and a viable payment network? While many see it as a stable asset for long-term holding, the potential as a mainstream transaction medium is being discussed. **[The focus on Bitcoin’s dual role, between its value preservation and payments, is gaining traction.]** The maturity of the crypto ecosystem is reflected in its reduced volatility and more Wall Street-like dynamics of the current bull market. As the landscape diversifies, there is speculation around historical patterns like the four-year cycle and subsequent bear markets. However, experts predict a more stable environment with fewer drastic downturns thanks to the increased sophistication in investment strategies and the recognition of unique project value propositions. **[ Horsley suggests this shift may lead to more consistent growth for the crypto market.]