#AI与加密货币结合 Seeing this QCP analysis, my mind flashed back to the ICO frenzy of 2017. Back then, it was the same—capital flooded in like a tide, every project claiming to be the future, with fundraising numbers exaggerated one after another, but very few projects actually turned the raised funds into revenue. The final result, as everyone knows, was a mess.

The current AI infrastructure investment boom reminds me of a similar pattern. Funds keep pouring in, but monetization lags behind—this point hits the core. History has shown us that when investment growth far outpaces revenue growth, a revaluation is inevitable. But this time, the risk may spread from AI to the entire stock market; the 2026 valuation reassessment mentioned by QCP is no idle talk.

On the crypto side, we also have to bear the pressure of Morgan Stanley index adjustments, with a $2.8 billion outflow of passive funds, which further dampens market sentiment. We've all experienced periods of rapid capital outflows, and that feeling is unpleasant.

True investment opportunities often hide in moments when this fragile balance is broken. But the prerequisite is that you must live long enough and see clearly enough.