In a recent market discussion, NDV founder Jason Huang dissected the causes behind the ongoing crypto market decline, calling out the AI bubble and the MicroStrategy myth. He pointed to a confluence of factors: Bitcoin's periodic selling pressure, the US stock market correction, tightening liquidity, and the debt crisis at MicroStrategy. According to Huang, the market has not yet bottomed; a signature event comparable to the FTX collapse is required to spark a full-scale panic that would complete the washout.
On his investment strategy, Huang expressed strong confidence in the long-term value of stablecoins. He has also been allocating capital to commodities such as oil, gold, and silver as a hedge against crypto volatility. Conversely, he maintains a cautious stance on AI stocks, the semiconductor sector, and SpaceX's potential listing, arguing that valuations in these areas may be inflated. His overall advice is for investors to stay patient during the current turbulent period and wait for clearer bottom signals.