There is no need to have a sentiment of "encryption pessimism."

Author: Haotian; Source: X, @tmel0211

Seeing that overseas communities are also singing the tune of “crypto pessimism”, especially compared to traditional sectors like the AI sector in the US stock market and humanoid robots, the Crypto industry has become so repressed that many have lost their faith in continuing to stay.

Actually, there's no need to, let's say a few optimistic words:

1. The cryptocurrency industry amplifies speculative, arbitrage, and gambling opportunities. Although the risks are significant, it still belongs to the 'Beijing, Shanghai, Guangzhou, Shenzhen' of young people, where the opportunities far exceed those in traditional industries;

Even a slight possibility of a comeback is better than working hard in the traditional fields where social classes are solidified. This is the belief that many young people have when they come to the cryptocurrency world.

Not because this place is the best, but because other places are worse.

2) Although MEME nihilism currently overshadows the technical narrative, it fortunately has not hindered the continuous advancement of the underlying infrastructure of Crypto. We are just trapped in the predicament of internal competition and the difficulty of making money, but this is precisely the price needed for the market to mature.

Beyond the purely speculative MEME market, we have seen various narratives with potential accumulation of energy such as Perp DEX, prediction markets, ICM on-chain Nasdaq, AI Agent, RWA, etc., although the process is lengthy, the progress is rapidly exceeding external expectations.

Each round of bubbles paves the way for the next round of innovation, and this round of MEME season is no exception.

3) The chip structure of mainstream crypto assets such as BTC, ETH, and SOL is becoming irreversibly institutionalized. In addition, traditional financial giants like BlackRock, Fidelity, and Morgan Stanley are experimenting with and even adopting some crypto-native solutions, creating a significant opportunity for rapid integration and mutual enhancement between Crypto and traditional finance.

Behind these repeated trials is the exploration of trillion-level incremental funds in Crypto. Stablecoin infrastructure and RWA compliance pathways, these directions that may not sound so sexy could potentially open up the liquidity ceiling for the entire industry in the future.

It is time to break free from the helpless feeling of looking forward to the Season of clones. Seeing the structural changes clearly and embracing Wall Street's old Deng may be the next dangerous but right choice.