Deep Tide TechFlow News, October 24 — LD Capital founder Jack Yi (易理华) posted on X that his team had been anticipating for two months that Bitcoin would pull back to around $86,000, similar to their call in May this year that Bitcoin’s rally would end near $84,000. He believes investors need to learn from their mistakes, and that waiting patiently is an important strategy in the current market.
Yi pointed out that although the overall trend in this crypto market cycle has shown bull-market characteristics, the industry is still at a low point in practice. He believes the long-term price performance of crypto assets has been disappointing in recent years, while the AI industry has attracted a great deal of talent and capital that might otherwise have flowed into crypto, further affecting the industry’s development.
Yi pointed out that although the overall trend in this crypto market cycle has shown bull-market characteristics, the industry is still at a low point in practice. He believes the long-term price performance of crypto assets has been disappointing in recent years, while the AI industry has attracted a great deal of talent and capital that might otherwise have flowed into crypto, further affecting the industry’s development.