Last week, a quiet but far-reaching event occurred – eight of the world's top listed companies simultaneously increased their holdings of Bitcoin. Now, the number of BTC held by the world's top 100 companies has exceeded 1.059 million.

But what really makes people unable to sleep is another detail.

Harvard University, yes, the Harvard that has produced eight U.S. presidents and 160 Nobel laureates — now holds more Bitcoin ETF positions in their endowment than Google shares.

This is not an investment experiment. When the money of the world's top universities began to pour into Bitcoin, the logic behind it has long changed. It's a power game about "what is the real asset" and the rules of the game are being rewritten.

What's even crazier is that billionaire Andy Beal has just received approval to open a new crypto bank in the United States. Compliance channels are opening door after door, and this time it's not a gray area, it's a door in the sun.

Everyone is talking about a "four-year halving cycle", but the market may no longer follow this script. Institutional programmatic buying, global liquidity easing expectations, and AI-driven quantitative strategies - the three forces are compressing the rhythm into a "biennial round". The volatility will be stronger, the window period will be shorter, and you will have to run faster.

There are three great changes that are taking place behind this:

First, companies began to treat BTC as a treasury asset. It is not hype, but a strategic reserve written into the financial report, and the status of digital gold is becoming more and more solid.

Second, traditional institutions officially entered. Hedge funds, pensions, college endowments - these old money that originally did not touch cryptocurrencies are now regarded as standard assets.

Third, the infrastructure keeps up. The license of crypto banks means that the wall between traditional finance and the crypto world is being broken down, and the speed of convergence is much faster than imagined.

The most ironic? Harvard's finance textbooks may still be discussing "whether Bitcoin is a bubble", but their fund managers have pulled their positions higher than Google.

Capital never waits for textbooks to be updated. It will only smell the wind and stand on tomorrow's side in advance.