The Bank of Japan is about to begin large-scale adjustments to its asset allocation. According to reports, the central bank plans to gradually unload approximately 830 trillion yen (equivalent to $5.34 trillion) in ETF assets starting next month, a process that could take around a century. The official explanation is to avoid market shocks, but the underlying signals are more worth paying attention to—the appeal of traditional assets is declining. This is not an isolated event. When such large funds like sovereign wealth funds start reallocating, it usually indicates a shift in the global liquidity landscape. From an asset allocation perspective, cryptocurrencies like Bitcoin, Ethereum, and BNB are becoming new choices for institutional investors. Why? Let’s start with Bitcoin. Its scarcity is its core competitive advantage, and its price movements are relatively independent of traditional markets, making it a tool for many institutions to hedge risks. In an environment of continuous central bank liquidity infusion, this feature becomes even more valuable. Next, Ethereum. Its strong ecosystem is its confidence—DeFi and application-layer innovations are concentrated on this blockchain, with high activity and practicality. Compared to just a store of value, it has added industrial attributes. BNB's logic is straightforward. As the core token of the exchange ecosystem, its value rises whenever trading volume increases. When the market moves, the trading volume on exchanges also grows—this is a relatively certain logical chain. The shift in liquidity is gradual but definitely happening. Funds in traditional financial markets will gradually tighten, while the infrastructure of the crypto market is becoming more complete, and compliance frameworks are being established. During this process, early movers will see different opportunities. Historically, every major capital shift has spurred the prosperity of new asset classes. This turning point might be right in front of us. The current question is, what is the proportion of crypto assets in your asset allocation, and is it reasonable?

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