Yi Lihua, founder of Liquid Capital, says that after more than a decade in the crypto industry, it remains a "small jianghu" with both personal connections and conflict. He notes that the sector's voice is now dominated by negativity and its reputation is worsening. He urges the community to refocus on innovation and opportunities, saying a new bull market is imminent, on-chain finance — especially stocks — is expanding imagination, and the AI industry, which he estimates is dozens of times larger than crypto, is worth exploring.
ChainCatcher reports that Yi Lihua, founder of Liquid Capital, shared his candid view on the state of the crypto industry. "Over more than ten years in this industry, it has been a small jianghu," he said. "There are personal relationships and courtesies, but also fighting and killing. Maybe it's because money is too close, maybe because there are no rules. Either way, the remaining voices in the industry are mostly negative, and its reputation is getting worse."
Yi urged the community to shift attention back to innovation and opportunity. "I sincerely hope everyone turns their focus back to the industry's creativity and chances," he said. "A new bull market is about to start. On-chain finance, especially stocks, has opened up new imagination. There are many meaningful things and wealth-building opportunities ahead." He also pointed out that the entire crypto industry is still relatively small compared with the AI sector, which he described as dozens of times larger and equally worth exploring.
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