I just watched the live interviews of Sister Hui @ DoveyWan and @ binancezh, and they are indeed quite informative. From the perspective of a senior female investor in the industry, looking at the entire market can be quite heart wrenching Sister Hui and her team have invested in over 100 projects, but less than 10% have been able to outperform BTC and ETH in the long run. Even in the past decade, the overall performance of the entire crypto venture capital industry has been mediocre, with almost no venture capital firm able to outperform Bitcoin in the long run Upon careful consideration, it is actually very similar to our retail investors' cryptocurrency trading. Everyone studies knockoffs and follows hot topics every day, but there are actually very few people who can truly outperform BTC in the long run. So many times, the money earned by knockoffs still needs to be exchanged for BTC in the end After truly extending the cycle, there are not many people who can consistently outperform BTC Crypto retail investors and venture capitalists essentially face the same problem: This industry is too easy to package narratives A project timeline, financing 关键意见领袖 Interviews and community atmosphere can easily make you feel that it is particularly powerful, but often in the end, the ones who lose are those seemingly beautiful stories What's even more interesting is that often people who package better make more money This may also be the most dangerous part of Crypto