Yesterday, Vitalik made a low-key appearance at the Hong Kong Web3 Summit. His speech was really clear and without red tape. He started with a brief introduction to Ethereum. Yesterday, some fans complained that they could not understand a lot of what he said, and they did not understand the impact of this on retail investors.
Combining yesterday’s content, let’s briefly talk about Vitalik’s speech and why Bitcoin hit a new high this time, but ETH did not?

First of all, Vitalik’s speech this time was similar to what he said in Singapore before, mainly a prospect for the future ecology. It is worth mentioning that Vitalik mentioned in his speech yesterday that “current advanced cryptography technology still has efficiency and security issues, and the future direction is to use artificial intelligence tools and potentially use new tools for formal verification.”

At the same time, Vitalik also proposed two elements from academic theory to technical practice. The two main problems to be solved are efficiency and security.#Ai赛道 Artificial intelligence may realize a world without bugs in the future, which is a bit crazy. You may not feel it now, but a new era is coming, and the development of this field in the future is far beyond the imagination of many people.
And it can be seen that Vitalik is still very optimistic about the future of AI. I told you a long time ago that this section will be one of the core topics this year.

If you are not familiar with this section and want to get the latest news and opinions, the community has live classes every week to help you improve your self-awareness. You can also watch the replay of last night's live broadcast.

Don’t think that Vitalik’s visit to Hong Kong this time reflects how high our status is. He just went to this place normally. The performance of the Hong Kong sector and ETH this time is actually quite average. ETH is even 18 centimeters below its historical high this time. Why is it so weak?

The following three points are summarized:
First, the ETH narrative is getting old; it is criticized for being centralized and lacks innovation. The biggest progress so far is the reduction in gas fees brought about by the Cancun upgrade.
Second, the impact from external competition; the core representative is Solana. In the last round of bull market, Ethereum’s native dog was very strong. This round, Solana performed better, for example#BOME and#WIF
Third, the scale of the Ethereum ecosystem is expanding, but the degree of innovation is decreasing. When the scale becomes larger but the innovation decreases, production efficiency will deteriorate, which will cause capital to flow to projects with higher production efficiency.

But this does not hinder ETH’s current second place position, and there is no need to panic because of the above reasons. Moreover, the criticism of centralization has already been debated when ETH was transformed into POS.

Then there are less than ten days left before Bitcoin halving. How will it go in April? It is still fifty-fifty. Although Bitcoin stood at 70,000 two days ago, it has fallen back again, but it has not fallen below. It is still a fifty-fifty trend, but I am still bullish.
Since entering April, the trend has been very difficult to predict, because it is impossible to predict what will happen next. Many people are also saying that it is getting more and more difficult. April is critical. This month, Bitcoin will be halved. Although halving is a positive, many aspects have been added, and the positive impact is negative. Everyone is still worried. For a specific explanation and analysis, you can watch the live broadcast replay. This is the end of the content of this Web3 Carnival. See you next time.