The more BTC and ETH prices fall, the more optimistic I become about the future of the cryptocurrency industry. A few preliminary thoughts: 1. Compared to the returns, convenience, and difficulty of creating/dumping assets in traditional finance, cryptocurrencies still possess considerable comparative advantages; 2. The AI revolution will bring a new round of grand narrative opportunities for blockchain and cryptocurrencies, and AI payment and financial infrastructure based on blockchain and cryptocurrencies will see hype; 3. BTC remains a highly liquid, high-beta alternative asset, offering trading opportunities based on liquidity and the long-term cycle of the US dollar.