The Bitcoin Asia Conference has concluded after three busy days. In addition to the two panels at the main venue, there were shares at the New Fire event, the Nostr event, and our own Coin Stock Forum, along with interviews from several media outlets. Here are a few thoughts, just a little essay: 1. It felt like there were fewer exhibitors compared to last year, with fewer Bitcoin ecosystem projects and more traditional ones, and the audience count was slightly lower. However, the guests were impressive enough, and the venue setup was beautiful, solidifying the Bitcoin Conference's status as the leading event in the industry. 2. Compared to other conferences like 2049, the audience's enthusiasm for the speeches was noticeably higher, with basically every session and venue filled, indicating a significant proportion of non-industry attendees. This was a far cry from the awkward situations at other conferences where the audience was mostly peers. 3. There were fewer chaotic projects in the Bitcoin ecosystem, or rather, many are close to dying, while the ones that survived are quite excellent, such as unisat, uxuy, river, goat network, etc., which can afford exhibition spaces. This year, the standard for good projects has shifted to having revenue and profit, not just a narrative. 4. There were more discussions about stocks than about altcoins. Many people claim to have shells of listed companies, and next year, industry practitioners will be average executives of listed companies, a stark contrast to previous years when they were average underground workers or wandering Jews. 5. People outside the circle want to enter the circle for financing through RWA, while those inside want to issue stocks to finance outside; everyone has a bright future. 6. The industry has changed, with traditional big players entering, and the old hands have become more savvy, with more choices available to trade both cryptocurrencies and stocks. If entrepreneurs haven't found their place in the industry yet, it might be better to work for a big company. The days of small-time entrepreneurs issuing tokens to fleece investors are basically over. 7. Gradually accumulating BTC is always the truth; doing other things is really just to find some emotional value for oneself.