The prevailing view now is that AI continues to rise. There are many arguments to be found, especially from US stock value investors, who have an AI write a report daily to brainwash themselves, calculating from every angle and still thinking it's undervalued.

But: Is the financial market really undervalued or overvalued and just keeps rising? There's nothing new under the sun.

The suffering of the cryptocurrency market will not be spared by AI.

Both are about dreaming, and our dreams in the cryptocurrency world were once magnificent, but in the end, we still have to return to the essence: how much money can you make? How will this money empower tokens?

In the cryptocurrency market, there is only one HYPE that is still rising, but this rise is also unhealthy; it's the institutions allocating. If calculated from a rational perspective, the current price does not reflect anything sexier than BTC.

This major drop in the cryptocurrency market, and in the future, if it really falls to prices like 40,000 or 30,000 that I personally can't imagine, makes me reflect on how we were all so excited during the bull market when Bitcoin was at 120,000.

At that time, there were many who were bullish; even someone like me, who was afraid to look bullish, secretly hoped, blindly following the crowd.