Analysis of Profit Makers in the Crypto World Bull Run

The current rise in the cryptocurrency market has not benefited as many groups as one might think. Through observation, we can roughly categorize the main beneficiaries into several types:

1. Bitcoin holders

Long-term holders of Bitcoin are undoubtedly among the biggest winners. Over the past year, the price of Bitcoin has risen from about $25,000 to around $65,000, showing a significant increase. It is highly likely that Bitcoin will break the $100,000 mark within the next year. However, many investors often overlook this steady yet substantial growth, instead chasing higher-risk investments.

2. Centralized Trading Platform

Trading platforms have always been at the top of the cryptocurrency ecosystem, generating huge profits from the entire industry. However, operating a trading platform also faces various challenges, such as regulatory pressure, legal risks, etc. Their high returns are proportional to the risks they undertake.

3. Stablecoin issuers and centralized finance service providers

A well-known stablecoin issuer made a profit of 4.7 billion USD in the first quarter, surpassing most trading platforms. In addition, some financial institutions that provide services such as custody and wealth management are also quietly generating considerable profits. These institutions provide important infrastructure and services for the industry.

4. Some public chains and decentralized finance ( DeFi ) project teams

Some successful DeFi projects have a large number of users and transaction volumes, with their fee income being quite considerable. For example, a well-known decentralized exchange's fees are almost entirely owned by the team, rather than distributed to token holders. Another public chain also generates huge revenue through daily stablecoin transfers. These projects rely on real business profits rather than solely depending on token sales, representing a healthy development direction for the industry.

5. High market cap projects listed on centralized exchanges

Some emerging projects, especially in the fields of zero-knowledge proofs and game finance, have market capitalizations reaching billions of dollars despite having limited actual users and activity. These projects have achieved considerable profits through token sales. However, this model is often seen as a negative factor for the industry, which is detrimental to long-term healthy development.

In addition, there are also some quantitative trading teams that have gained certain profits in this round of market, but the scale is relatively limited.

Based on the above analysis, for investors who wish to profit in the crypto world in the long term, it is advisable to consider building an investment portfolio primarily consisting of the first four types of entities, while avoiding projects of the fifth type, to reduce risk and achieve more stable returns.