Dan Bin, a prominent Chinese investor, delivered a keynote at the Gelonghui Summit emphasizing the unprecedented disruptive power of the AI era, with an industry cycle potentially spanning over a decade. He urged investors to focus on long-term fundamentals rather than short-term bubble fears, and highlighted the strategic importance of US-China AI competition, stating that silicon-based intelligence will reshape civilization and economic paradigms.

Renowned investor Dan Bin delivered a speech at the Gelonhui Summit, emphasizing that the AI era brings unprecedented disruption with an industrial cycle that may last over a decade. He argued that technological progress is the core driver of long-term capital market growth, urging investors to focus on long-term trends and avoid missing epochal opportunities due to short-term bubble concerns. He also highlighted that US-China AI competition is a matter of national strategy, and silicon-based intelligence will reshape civilization and economic paradigms.

Two major Bitcoin miners MARA Holdings and Core Scientific are abandoning their long-held 'never sell' ethos. MARA's latest annual filing allows selling Bitcoin from its balance sheet, while Core Scientific expects to monetize substantially all holdings in 2026. The proceeds will fund a pivot to AI and high-performance computing data centers. The article examines post-halving economics, Bitcoin price volatility, lending yields, and new business models. At the time of writing, BTC trades around $66,741, below $70,000.

The AI era dramatically reduces the cost of information production, making authenticity a scarce resource. Bitcoin, through energy-intensive proof-of-work, provides verifiability as an independent verification tool. AI and blockchain lower the costs of generation and verification respectively, forming a complementary relationship. Bitcoin does not rely on trust but ensures transaction authenticity through math and cryptography. In the future, verifiability could become a key value in the digital world.

AI technology drastically reduces information production costs, making digital content authenticity increasingly scarce. Bitcoin provides verifiability through energy consumption, becoming a tool for independent verification. AI and blockchain lower generation and verification costs respectively, forming a complementary relationship. In the future, verifiability may become the core value of the digital world, with Bitcoin's cryptographic foundations eliminating the need for trust.

In an era where AI drastically reduces the cost of information production, authenticity becomes scarce. Bitcoin, through its Proof-of-Work mechanism, consumes energy to provide trustless verifiability, complementing AI. Verifiability may become a key digital value, and Bitcoin stands as the flagship tool for independent verification.

AI大幅降低信息生产成本，真实性变得稀缺。比特币通过消耗能源提供独立验证能力，成为对抗虚假信息的工具。AI与区块链分别在生成与验证两端降低边际成本，二者互补。未来可验证性将成为数字经济的核心价值，比特币在此扮演关键角色。

The AI era drastically reduces information production costs, making authenticity scarce. Bitcoin provides verifiability through energy consumption, serving as an independent verification tool. AI and blockchain complement each other by lowering generation and verification costs respectively. Bitcoin relies on math and cryptography rather than trust to ensure transaction authenticity. In the future, verifiability may become a key value in the digital world.