Yilihua: The encryption industry is facing five major crises

Yi Lihua, founder of Liquid Capital, stated in an article on X platform that the cryptocurrency industry is facing five major crises, including declining interest among young people, traditional capital flowing into AI, falsified cryptocurrency stories, short-term profit driven departures of celebrities, and a lack of innovation among industry leaders. He believes that the current situation may be the most panicked stage in the cryptocurrency industry, and buying BTC at high levels is facing the final round of cleansing. He suggests patiently waiting for opportunities to buy at the bottom.