The common view right now is that AI keeps going up. You can find plenty of arguments, especially from U.S. stock value investors, who use AI to write research reports and brainwash themselves every day. They crunch the numbers over and over and still think it's undervalued. But: does the financial market really just keep going up because something is undervalued or overvalued? There's nothing new under the sun. The pain we've endured in the crypto world—AI won't escape it either. It's all about dreaming big. We in the crypto world have had grand dreams too, but in the end, it always comes back to the basics: how much money can you make? And how does that money empower the token? In crypto, there's only one HYPE that's still rising, but even this rise is unhealthy—it's driven by institutional allocation. If you calculate rationally, the current price doesn't reflect anything more attractive than BTC. This recent crypto crash, and the possibility of it dropping to unimaginable levels like $40K or $30K in the future, has forced me to reflect on how hyped we all were during the bull market, when Bitcoin hit $120K. Back then, there were so many bullish voices. Even someone like me, who doesn't dare to be overly optimistic, secretly hoped for more and blindly followed the crowd.