I watched the podcasts of Boss @YettaSing and Boss @billqian_uae, both of whom are top VCs in the crypto industry Sister Yetta and Boss Bill, what touched me the most in this podcast was Brother Sun's business mind 🤣. The most talked about track in 2025 is stablecoins, and Brother Sun is almost always a central topic. The podcast mentioned that when I was on Bitfinex, I found that currency-to-currency trading fluctuated too much, so I wanted to have an anchor currency to stabilize it, so USDT was born. Later, it was found that USDT was too expensive to transfer to ETH, everyone was reluctant to use it, and the flow on the chain was very difficult. Dare to think and dare to do is indeed Brother Sun's label The consensus of the two guests is that the life of VCs is indeed getting more and more difficult these days, with limited funds and limited layout. However, if the top funds are sufficient, they can lay out more industry infrastructure, such as YZI focuses on infrastructure investment, not in a hurry to pursue short-term financial returns, the fund is invested in one or two projects to return to the entire fund blood, the general environment is very challenging for VC, but there are Meme, Fair Launch and other gameplay, the industry will still continue to emerge small innovation opportunities, such opportunities can also be participated by ordinary people On the whole, the industry is still on the rise, but the competition will become more and more voluminous
Bill's podcast was the most hardcore conversation I've had this year, with very sharp questions that dug out a lot of our underlying investment logic. At the time of recording, Circle hadn't gone public yet, and looking back now, many of the judgments have already started to be validated.
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