Although Bitcoin's price has fallen 50% from its all-time high, a recent report from River shows that its application growth momentum remains strong, far exceeding the surface price. By 2025, five new countries/regions, including Luxembourg and Saudi Arabia's sovereign wealth funds, will become Bitcoin holders, bringing the total number of countries/regions holding Bitcoin to 23. Meanwhile, 60% of top US banks are developing Bitcoin products, institutional investors have been net buyers of Bitcoin for eight consecutive quarters, and last year alone, they purchased a total of 829,000 Bitcoins, with corporations being the largest group of buyers.