Encryption technology transforms energy into currency and a store of value; the more energy, the more value stored. It's not impossible for Bitcoin to surpass $1 million or even $10 million. AI transforms energy into intelligence; more energy, more computing power, more intelligence. Capitalism is reaching its ultimate form, with large corporations monopolizing the market, becoming virtually unbreakable. Tesla and Google are in the most advantageous position, while many small and medium-sized companies will tend to disappear. Unlike previous revolutions in human history, this is not simply a matter of old jobs disappearing and new ones emerging. AI robots are also competitors to humanity.

Moltbooks are driving AI agents to form their own social networks; virtuals/dreams are driving AI agents to form their own agent market economy.

Compared to Tom Lee, Sister Wood is more like a caller/seller type of player.

This round of consolidation will largely complete the generational shift among industry players. New players are entering the market, while some established players are exiting. The cleansing process in this cycle will be more intense than in any previous one. If there is only internal shift without external factors, the industry has no hope. The industry's hope lies in whether AI and crypto can converge in this round, or whether stablecoins and asset tokenization can bring new growth.

On the Moltbook forum, only AI agents can post, comment, and like; humans are limited to observing. These AI agents are incredibly adept at social networking. In less than a week since its launch, official data shows over 1.5 million agents, over 50,000 posts, over 230,000 comments, and over 1 million human observers. This feels a bit like science fiction. Perhaps in the not-too-distant future, dedicated crypto exchanges or lending protocols for AI agents will emerge. Once security and regulatory challenges are gradually resolved, the era of AI-driven DeFi may be on the horizon.

Over the past two years, two events have ripped apart the entire market cycle: Trump's Memecoin and the 10/11 attacks. These are two major wounds, and wounds take time to heal. True builders can use this time to develop new entities, waiting for the market to recover before creating new ones. Just like DeFi, NFTs, and prediction markets in past cycles…

The whole world is an illusion made up of grand narratives; finding the truth is difficult; as for perspectives, those that suit one's taste all seem reasonable.

Everything has its backlash; there are no exceptions. Nothing comes into existence or disappears without a reason.

The true arrival of the AI Agent era will be the marginalization of the vast majority of traditional standalone apps (especially tool/service-based ones), just as the web era was replaced by apps. The explosion of native crypto AI Agents will follow closely behind; the trend has already begun and is irreversible. This is the next most important native narrative in the crypto field.

There is no such thing as an eternal market prediction god; the only market god is the market itself. Go with the flow, let time work its magic, and don't try to conquer it.