Yilihua: Bullish on This Cycle's Trend, but the Industry Is at a Trough, with ETH Price Less Than Half of What It Was 6 Years Ago

Odaily reports: Liquid Capital founder Yilihua posted: "We held the view for 2 months that Bitcoin would pull back to $86,000, just as we saw the end of the rebound to $84,000 in May. Looking back over the past year or so since we called for bottom-fishing in ETH at $1,450, we have been clearly wrong only once. We must always grow from our mistakes, and patience is the best strategy. In fact, most of the market does not match Buffett's value investing, and the crypto industry in recent years has also shown this. The price of ETH is even less than half of what it was 6 years ago, and the BTC price is the same as it was 3 years ago. Although this cycle's trend looks bullish, the industry is indeed at a trough, and AI has drawn away a large wave of talent and capital."