BTC ETH Blockchain vs AI Recently, compared to the US stock market, the performance of the cryptocurrency industry has been quite disappointing, and people are also very disappointed in the cryptocurrency industry. However, if something goes wrong, there must be a reason; Put aside the influence of emotion, as a senior Internet technician, I would like to talk about the reasons behind this, hoping to bring you some different thoughts; The fundamental reason for the collapse of the current bull market in the cryptocurrency industry is that the blockchain track has been abandoned by mainstream funds and replaced by the AI super track that will emerge at the end of 2022; Many people may have doubts about this. In this bull market, the United States has approved ETFs for mainstream currencies such as Bitcoin, Ethereum, Sol, XRP, etc. How can we say that the cryptocurrency industry has been abandoned by mainstream funds? There are two concepts here, one is the cryptocurrency circle and the other is blockchain. The cryptocurrency circle is only the application of blockchain in the financial field. The essence of ETF funds is pure financial speculation funds, which cannot bring any substantial benefits to the blockchain ecosystem. What can truly benefit blockchain is the large capital intervention of global technology giants; So this bull market is the situation that everyone has seen: only Bitcoin and a few knockoffs operated by dog markets have performed better, while the vast majority of other currencies have performed extremely poorly in this bull market; At this point, many people may wonder why it is necessary for technology giants to invest in the blockchain market in order to take off. Without the participation of these tech giants in the previous bull markets, wouldn't it still be a bull market? This is because the current size of the cryptocurrency industry has reached a significant level compared to previous bull markets. At this point, a large amount of external funds must enter the blockchain track in order to stimulate the kind of bull market that everyone wants in the cryptocurrency industry. Otherwise, relying solely on the surplus of these old players in the cryptocurrency industry will be difficult to maintain a new super bull market; Finally, in the next 10 years, the super race track will all belong to AI, and there is no possibility of blockchain rebounding. This is the underlying reason for the absence of a super bull market in this round. However, as an investment race track, the cryptocurrency industry is still a good choice, but the investment return rate is not so exaggerated. Therefore, everyone must have good psychological expectations, especially those who have experienced a 20-year bull market. Do not fantasize about the kind of super bull market in the past 20 years;