It’s becoming increasingly clear: on one side are highly native assets like BTC and ZEC; on the other are assets deconstructed from the Web2 world, bringing Web2 liquidity into the crypto market—essentially, the capture of native crypto value versus the tokenization of traditional assets. Many have already thoroughly explained RWA-related concepts, such as @bonnazhu’s point that “essentially, crypto is a low-cost financial engineering tool that enables possibilities traditionally difficult to construct.” This is both an advantage and an opportunity—to do what traditional systems cannot. As a practical speculator, you must either fully commit to one side—betting on native crypto assets or on the tokenization of traditional assets—or position yourself in the middle, betting on the infrastructure that connects both sides.