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⚡️ Yi Lihua: I remain bullish on the trend in this cycle, but the crypto industry is at a low point.

According to BlockBeats,October 24,Liquid Capital founder Yi Lihua wrote that, although he remains bullish on the market trend in this cycle, the crypto industry is indeed at a low point,AI has drawn away a substantial amount of talent and capital.

Reviewing his recent market calls, he said that over the past 2 months, he has consistently maintained a pullback view near 86,000 USD, similar to May's call that the rebound had ended near 84,000 USD. Since calling for bottom-fishing at 1 more than 1450 USD years ago, he has called for bottom-fishing in ETH and has made only obvious mistake, emphasizing that people should grow from their mistakes.

Yi Lihua believes that most markets are not suited to Buffett-style value investing, and that the crypto industry's performance in recent years has been the same. He stated: “Patience is the best strategy.”

Original link https://m.theblockbeats.info/flash/373531