Chainfeeds Summary:
In recent days, with Trump's victory and Bitcoin breaking through $98,000, the crypto field has been swept up in a frenzy. Yogita Khatri interviewed 12 crypto venture capitalists. Although the excitement over Trump's victory and Bitcoin's surge is evident, most investors are sticking to their long-term plans. However, some are adjusting their strategies to focus more on the latest trends and changes in the political and market environment.
Source:
https://mp.weixin.qq.com/s/3GcrHk8Rt2UyQqakF3XyFg
Author:
Yogita Khatri
Opinions:
Yogita Khatri: Crypto VCs are turning their attention to high-potential areas, including crypto and AI, DeFi, tokenization of real-world assets (RWA), infrastructure, stablecoins, and payments. Many investors believe the convergence of crypto and AI will be the next transformative trend. Hack VC co-founder Ed Roman describes crypto and AI as the most attractive and promising categories in the crypto space currently, and envisions a multi-layered Web3 AI stack leveraging the cost-efficiency of decentralized computing networks. "This is a trillion-dollar market serving Web2 customers," Roman says. "AI is not a fad like NFTs, but has created real business value, potentially the most important technological innovation since the mobile phone and the internet." However, Roman points out that the healthy development of crypto and AI largely depends on the health of the Web2 AI category, which is influenced by NVIDIA. Therefore, Hack VC is closely monitoring NVIDIA as a "loose proxy" for crypto and AI. With increased institutional adoption, DeFi is regaining attention. Hack VC's Roman notes that DeFi has recently suffered from high yields, making US Treasuries more attractive, but the expected rate cuts under Trump could make DeFi competitive again. Roman sees DeFi as a generational opportunity to integrate finance. Clausen emphasizes that traditional financial institutions may start tokenizing real-world assets and using DeFi infrastructure on a large scale. "Just imagine how inefficient transactions, clearing, and settlement are in traditional finance, while on a decentralized exchange (DEX), these three can be done in a single trade, with no counterparty risk, and the exchange operator's behavior can be publicly verified as non-fraudulent," Clausen says. "It's like fishing with dynamite, no contest." Consumer applications and infrastructure categories are also gaining attention. a16z crypto's Simpson says she is particularly excited about crypto's consumer applications, as this category was especially adversely affected by the policies of the previous administration. She also remains interested in the development of DePIN and infrastructure projects. Borderless Capital partner Alvaro Gracia also emphasizes the growth potential in DeFi and DePIN, especially as Bitcoin's dominance gradually shifts towards Altcoins. Gracia says the $100 million DePIN fund he manages still has around $70 million available for deployment, with plans to invest over the next two to three years. 1kx's Clausen adds that his firm's focus areas are infrastructure, middleware, and consumer applications, especially those that require bank integration, which were previously hindered by regulatory constraints.
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