Recently, I came across some pretty explosive news—a legislator in Indiana, USA has proposed a bill to include Bitcoin in pension fund investment options, and is also planning to limit local government intervention in cryptocurrencies. This is no small matter. Once pensions get involved, what does it mean?

To put it simply, pensions are the most conservative funds for ordinary people—decades of savings are stored there. Now, even these “safety-seeking” capital pools are considering allocating to Bitcoin, sending a very clear signal: crypto assets are moving from the fringes into the core of the mainstream financial system. Those voices in the past shouting “bubble” and “Ponzi scheme” now seem a bit hollow in the face of real institutional money entering the space.

However, institutional participation isn’t all good news. On the surface, trillions of dollars flowing in will push up prices, but don’t forget, big capital also brings big volatility. Institutional traders are much more sophisticated than retail investors—when they drive prices up, you chase the rally; when they pull back, you panic sell. This kind of harvest logic has played out in traditional financial markets for decades, and now it’s coming to crypto. As liquidity increases, price swings will become even more dramatic, and without some composure, it’s easy to get left behind.

For ordinary investors, this trend is both an opportunity and a test. My view is: don’t rush to chase the rally, the risk of buying at the top is too high. If you really want to get involved, mainstream coins are relatively safer—assets like Bitcoin and Ethereum, which serve as fundamental infrastructure, have higher long-term certainty. As for those flash-in-the-pan small coins, the volatility is exciting, but there are plenty of cases where they go to zero. They’re fine for a little fun, but be cautious with heavy positions.

The wheels of the times are turning, and old rules are being rewritten. When traditional funds like pensions start embracing the crypto world, where you stand and what choices you make will directly determine whether you ride the wave or get left behind on the shore. Stay clear-headed and don’t let your emotions take over—that’s the only way to keep your footing in this wave of change.