He Yi: There have been too many bubbles in history, but good companies and innovations will remain after the bubbles.
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Odaily Planet News: He Yi, co-founder of Binance, stated at the Hong Kong Web3 Carnival that every time the cryptocurrency price fluctuates, discussions about Bitcoin's death emerge. While many bubbles have occurred in history, this does not mean that good companies and innovations cannot survive after a bubble. During the industrial revolution, young people, like in Huang Feihong movies, once tried to stop railway construction with long spears and knives; when I was young, secretly going to internet cafes with scholarship money was considered bad behavior, but now the internet is widely used. When new things are born, people resist them because human nature prefers safety and stability. When Satoshi Nakamoto wrote the Bitcoin white paper like a fighter and revolutionary, traditional fields still misunderstood blockchain as anarchism. We should find a sweet point between innovation and tradition, making technology benefit the masses. Traditional finance will discover that blockchain technology is more efficient, concise, and elegant. Additionally, information has a delayed cycle. Currently, the external perception of the industry is mostly negative, with the public still stuck on the impression that Web3 is a Ponzi scheme.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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