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Yi Li Hua: The crypto market has been disappointing over the past four years, with the middle class, retail investors, and VCs all getting caught.
Mars Finance news: On March 27, Liquid Capital (formerly LD Capital) founder Yi Lihua posted a statement saying that the crypto market is in a bear market. Next, the war has not ended, and there hasn’t been a decent rebound. The crypto market over the past four years has been disappointing. 1011’s crash wiped out the crypto middle class. Altcoins’ demise wiped out retail traders. The 13 rules wiped out crypto VCs. Meanwhile, exchanges, market makers, and project teams only keep draining blood—again and again. The only lifeblood comes from Wall Street’s spot ETFs and crypto treasury companies, as well as a small number of true believers. Disruptive innovations in the crypto space have yet to happen.