When top investment institutions in the industry elevate digital assets to an equal strategic status with cutting-edge technology, viewing them as infrastructure crucial to the future of great nations over the next decades or even longer, many insiders still complain daily about the industry’s mess, chaos, and lack of prospects.

This is strange—these institutions, which repeatedly set new records in funding and occupy nearly one-fifth of the global venture capital landscape, are they collectively blind, or is our perspective flawed?

I have been in this field for nearly 8 years, and I have never seen leading organizations declare "cryptocurrency is doomed" during a bear market. Such pessimistic statements usually come from retail investors or short-term participants.

True players are not here to speculate on coins. They stand at a higher vantage point: observing the trend itself.

They are not only deeply involved but also early detecters and promoters of trends, even builders of narrative frameworks. Their thinking is not about whether a particular project can multiply several times, but about what fundamental problems the entire digital asset system can solve over a broader time horizon.

In their view, this is not just about stacking tokens and public chains, but about restructuring the underlying architecture—covering two levels: first, the redistribution of value exchange networks and financial power; second, a leap in production collaboration efficiency. Especially in the AI-driven era, collaboration costs will be significantly reduced, and this is precisely where distributed systems can showcase their strengths.

This is not driven by emotion or faith, but by tightly locked interests and riding the wave of irreversible trends.

When you view the problem from a century-long perspective, the chaos, bubbles, and even filth in front of you are just inevitable stages of development.

So the issue is not that leading institutions are overly optimistic, but that most people are still looking too short-term.