Liquid Capital founder Yi Lihua said the trend looks bullish but the industry is at a trough, with ETH below half its price six years ago and AI drawing away talent and capital. He said his calls have been clearly wrong only once since he urged buying ETH at $1,450.
Yi Lihua says trend is bullish but crypto industry is at a low point
NewsFeeds update
The story so far: Yi Lihua on crypto market outlook
Liquid Capital's Yi Lihua said the long range-bound trading since Bitcoin pulled back from $86,000 has tested patience and a good buying opportunity will follow. He now says Bitcoin remains relatively strong in a rate-hiking macro environment and he still sees the bull trend while awaiting a pullback.
Yi Lihua says Bitcoin's choppy market tests patience and a buying opportunity will come
Liquid Capital founder Yi Lihua said on X that the long stretch of range-bound trading since Bitcoin pulled back from $86,000 has tested investors' patience, and he believes a good buying opportunity will follow. He also said the crypto industry's easy gains are over and that only real understanding and discipline will deliver outsized returns.
Yi Lihua says trend is bullish but crypto industry is at a low point
Liquid Capital founder Yi Lihua said the trend looks bullish but the industry is at a trough, with ETH below half its price six years ago and AI drawing away talent and capital. He said his calls have been clearly wrong only once since he urged buying ETH at $1,450.
Yi Lihua says he still sees a Bitcoin bull trend and awaits pullback
Liquid Capital founder Yi Lihua (JackYi) said Bitcoin remains a relatively strong asset in a rate-hiking macro environment and that he still sees the bull trend while waiting for the pullback to play out. He also said he would take part in Coinbase's global derivatives trading competition, which has a prize pool of up to 2m USDC.
More Ethereum updates
Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.
Breaking news and our own Originals on your phone or desktop, the moment they are out. A few alerts a day at most.