A Year-End Summary and New Year Outlook of a Web3 Entrepreneur

2024 is an extraordinary year for the crypto world. As a frontline Web3 entrepreneur, I want to share some insights from the past year and my outlook for the future. Overall, the developments in 2024 can be summarized as transformations in four aspects: from wilderness to universality, from chaos to order, from recession to bubble, and from conservatism to reform.

From Underdog to Universal: The Mainstreaming of Crypto Assets

On January 10, 2024, the BTC spot ETF was approved, marking an important milestone for crypto assets towards universal value. On November 6, a crypto-friendly new president was elected, further advancing this process. These two events respectively drove the BTC price from the $30,000 range up to $60,000, and from $60,000 up to $100,000.

This transformation has brought about greater liquidity, but unlike the bull market in 2021, the motivations for this round of capital inflow are more diversified. In addition to speculation, there are more considerations for "store of value" and "inflation hedge." This has led to a reduction in the cyclicality and volatility of crypto assets, with value support becoming more robust.

For practitioners, this shift has brought about a positive change in mindset. We can introduce our expertise and careers to the outside world with more confidence, which is also beneficial for talent influx and industry development.

Looking ahead to 2025, discussions about the value of mainstream crypto assets like BTC will become more in-depth. Key areas to focus on include:

• Progress of relevant legislation on Bitcoin reserves by various countries and organizations
• Relevant statements from influential political figures
• The allocation of BTC in the balance sheet of listed companies in the United States

From Chaos to Order: The Regulatory Framework is Gradually Improving

With the new government taking office, a more inclusive cryptocurrency regulatory framework is expected to be introduced. This will provide a legal basis for the compliant development of Web3 businesses and reduce potential risks. Areas to watch in 2025 include:

• Ce-DeFi scenario: Connecting traditional finance with on-chain assets to enhance capital efficiency
• Application of DAO in the real economy: such as managing traditional enterprises through DAO to obtain more convenient financial services.

From Recession to Bubble: New Directions for Web3 Business Development

In 2024, the Web3 hotspot shifts from the infrastructure layer to the application layer, and the market gradually emerges from the recession. Looking ahead to 2025, the development of Web3 business may focus on:

• Create a grand narrative with more imagination to attract capital attention.
• Pursue more stable business revenue, especially in mature sectors like DeFi
• Build a more balanced利益博弈 model to address the issues of the current financing model.

From Conservatism to Change: Opportunities Brought by Uncertainty

The year 2025 may be filled with changes in politics, economy, culture, and other aspects, bringing significant uncertainty and market volatility. In such an environment, certain assets may experience a "flight to safety" market trend. At the same time, it may also bring new development opportunities for some previously declining sectors, such as NFT(.

Overall, the Web3 industry is at a critical stage of moving from the fringe to the mainstream. I remain optimistic about the future development of the industry, while also closely monitoring changes and opportunities from all aspects.

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