#加密资产监管# Looking back at the past, I can't help but feel a multitude of emotions. The project's development has experienced many ups and downs, witnessing the rise and fall of countless investors. Now, hearing that venture capital will inject 25 billion dollars into encryption startups in the coming years, I can't help but recall the frenzy of those years.



At that time, regulation was still a distant concept, and projects emerged like bamboo shoots after a rain. Some soared to great heights, while others turned to ashes in an instant. Looking back now, the successful IPO of Circle and Stripe's acquisition of Privy both indicate that the integration of traditional finance and the encryption world is an inevitable trend.

The influx from Wall Street further confirms this point. I remember in 2017, they scoffed at Bitcoin, but now they are scrambling to invest in blockchain projects. Isn't this change a sign of the industry's maturity?

Although the new regulatory rules have caused some anxiety, I believe that they are precisely the necessary path for the development of the industry. Without rules, nothing can be accomplished. With clear game rules in place, more institutional investors can be attracted to participate, bringing long-term stable development to the industry.

Looking back at previous cycles, each large influx of capital has driven technological innovation and the expansion of application scenarios. This anticipated investment of $25 billion is likely to give birth to the next star project that will change the industry landscape.

However, we must also be vigilant against the repetition of history. We have seen too many fleeting projects, which often result from a lack of real value and excessive hype. For emerging projects, we should remain rational, focusing on their ability to solve real problems and their long-term development potential.

Overall, this wave of investment frenzy is both an opportunity and a challenge. Wise investors should choose carefully and focus on projects that can thrive within the regulatory framework. After all, assets that can withstand the test of time and regulation are the ones that truly hold value.
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