NVIDIA's latest market capitalization stands at approximately $5.26 trillion, while Bitcoin's current market cap is around $1.53 trillion. Compared to just three days ago, this means NVIDIA has added roughly $200 billion in value over the past 72 hours, whereas Bitcoin has seen a slight decline in its market cap. As OpenAI and Anthropic prepare to go public in the coming years, the valuation gap between leading AI companies and Bitcoin is expected to widen significantly. This outcome feels almost inevitable. High-market-cap projects from the "Crypto 1.0" era are likely to appear remarkably mediocre—or even go to zero—in the "Crypto 2.0" era, with almost no exceptions. At the same time, the new giants of the future "Crypto 2.0" era will probably emerge from the tiny, overlooked projects born toward the end of the "Crypto 1.0" period. This pattern mirrors the history of the internet: Google and Tencent, both founded in the later stages of "Internet 1.0," went on to achieve market caps in the trillions—orders of magnitude larger than early giants like Yahoo, which were measured in mere tens of billions.

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