AI is almost about to drain all the funds from venture capital projects.

I can say that if this AI burns out, the global investment products might not turn around in the next ten years.
Sometimes my friends joke that I make money from investments while criticizing capitalists for being shameless, but I’m really not double-standard.
Actually, now clear-eyed people can see that all countries are starting from the official level to protect capital, not retail investors or hot money.
So who will ultimately take over the astronomical costs of AI development?
I think those who have already benefited from the “real estate dividend” in China are well aware of this.
Even in the U.S., where poor education has led to a proliferation of fools, many people are very clear that this wave of AI is no different from 2008.
In the end, the ordinary people will be the ones to take the fall.
Do you remember what the core propaganda of Bitcoin and other cryptocurrencies was?
Decentralization, deregulation, natural deflation, anti-inflation, anonymous holding that can never be confiscated by any government.
Actually, when Bitcoin became popular, I felt that this thing was exploiting the psychology of ordinary people who never want to take the fall.
By creating the idea that holding Bitcoin means you won’t be confiscated, it expanded influence and conferred value.
I remember, fifteen years ago, the earliest Chinese Bitcoin enthusiasts were almost all “rebels.”
Their most discussed topics were the collapse of the RMB, China's downfall, and that everything except Bitcoin would go to zero.
As for gold, how do you hide gold and go abroad?
Before even leaving the country, it could be stolen away.
So cryptocurrencies are the only globally recognized safe assets.
Bitcoin and other cryptocurrencies are inherently anti-government and anti-state.
Their value is based on the disintegration of a sovereign country.
As long as I hold Bitcoin, I won’t be forced to take the fall because my country collapses.
But looking at these ideas now, they’re really naive.
Isn’t Bitcoin and other cryptocurrencies also a way to take the fall?
Why did Bitcoin surge after Trump took office?
It was because rumors spread that the Trump administration would recognize Bitcoin’s value, and the U.S. would fully accept Bitcoin.
But what happened?
Although the U.S. didn’t fully accept Bitcoin, it did incorporate Bitcoin into the national financial system as a strategic digital asset.
Regulatory frameworks shifted from suppression to classification and regulation.
Market expectations were halfway there, but before the other half could materialize, the U.S. started a new show.
First, at the federal level, the U.S. “accepts” Bitcoin as a compliant investment asset and a potential national reserve option,
but rejects its use to replace the dollar or as everyday currency.
They turned Bitcoin into a financial investment product, stripping away its core values of being unregulated and decentralized.
Then came confiscations, fines, and other manipulations, which not only told you that anonymity is fake and avoiding confiscation is a dream,
but also caused a major problem: since Bitcoin lacks endorsement from other sovereign nations,
non-American investors can easily be targeted and confiscated because of conflicts with their own countries, like Iran...
The entire core of Bitcoin has been shattered by reality.