Qiao believes now is the best time to turn to cryptocurrency.
Compiled & edited: Deep Tide TechFlow
Guest: Qiao Wang, @alliancedao customer support
Host: Imran Khan, @alliancedao supports founders
Podcast source: Good Game Podcast
Title: The Golden Age of Crypto | EP 65
Broadcast date: November 15, 2024
Background information
At the beginning of the podcast, Imran and Qiao reviewed their conversation from 2017 or 2018, discussing when the 'final boss' would appear. Imran believes they seem to have defeated this 'final boss', namely the situation where the president fully supports cryptocurrency. Nevertheless, Qiao expressed caution, believing that they should not be complacent, as there are still some lawmakers opposing crypto products.
Imran further shared his current mindset, stating that he is excited every day and doesn't even check his phone or market dynamics anymore. He mentioned that he hasn't felt this excitement in the past two years, while Qiao noted that he is focused on market fluctuations, especially missing the opportunity to buy Tesla on election night. They discussed how in a bull market, many assets will rise, and investors may feel confused and have difficulty making decisions.
Peanut and Trump's victory
Qiao and Imran discussed the reasons behind the listing of 'Peanut' on Binance. Imran shared information he learned from a large exchange, pointing out that Binance is adjusting its market positioning from infrastructure to undervalued new tokens to allow users to gain wealth in the future. He mentioned that although 'Peanut' initially had a market cap of $15 million, its potential is enormous, similar to the previous 'Neiro', which rapidly reached a market cap of $1 billion after listing.
Qiao further reviewed their discussions from six months ago, believing that many centralized exchanges' practices of listing high liquidity market cap (FDV) tokens have led users to incur losses after token listings, ultimately affecting the interests of the exchanges themselves. Imran agreed with this view, considering Binance's strategy adjustment correct and expecting other exchanges to follow this trend.
When discussing his investment portfolio, Imran joked that 95% of his investments are meme tokens, to which Qiao expressed dissatisfaction, believing such a portfolio is not very wise. The two also discussed tokens related to AI, with Imran expressing unfamiliarity with some of the projects.
AI tokens
Imran stated that he believes now is a crucial moment for the development of AI tokens, which are forming a distinct subcategory similar to culture coins or animal coins. He is confident that AI tokens will have a strong market performance.
Qiao mentioned the speculative nature of some tokens, believing that many tokens are essentially 'pump coins'. Imran agreed, asserting that if a token is not a pump coin, it could just be a joke. He noted that while these tokens may be seen as speculative, if they can endure market tests and survive, they have undergone 'battle testing' and are thus worth investing in.
Qiao raised a question expressing confusion as to why exchanges don't list gold-related tokens, given that gold is a highly liquid asset.
Imran explained that it might be because gold is more suitable for futures contracts (perps) rather than tokens. They discussed various AI tokens, with Qiao observing that some tokens have high trading volumes and believing centralized exchanges should prioritize listing these more liquid tokens.
'DAOS.fun may be the next hot trend'
Imran mentioned that DAOS.fun may become the next hot trend. He recalled noticing this project early on, but did not pay much attention at the time. He mentioned some projects he observed, like Luna, Virtual Goat, and Far Coin, and shared some insights, although he emphasized this is not investment advice.
Imran believes that projects like DAOS.fun could become the next trend, comparing it to the early Crypto Punk, recalling how people’s attention to NFTs gradually increased. He mentioned that AI 16 Z's market cap once reached $100 million but then fell back to between $10 million and $15 million, making him optimistic about the future of DAOS.fun.
Qiao further confirmed Imran's view, asking if he meant DAO tokens as the new trend. Imran confirmed this, emphasizing that DAOS.fun is becoming an incubator with a very strong team behind it.
Senior dynamics of AI16Z
Imran shared some high-level dynamics about AI16Z. He mentioned his communication with Shah, a key figure behind AI16Z. They recently had a phone meeting or Twitter space discussion with Miao and Bao from Dao Zafan, where Imran raised many questions as he felt confused about the future development in this field.
Imran mentioned some high-level insights. He believes that AI robot automation is not yet mature and expects significant progress in the next two to four months, during which these robots will be able to autonomously control their private keys and transact on crypto networks.
He also emphasized that members of the AI16Z team have strong backgrounds in both artificial intelligence and cryptocurrency research. He observed that many founders' skill combinations are about 70% cryptocurrency knowledge and 30% artificial intelligence knowledge. He stated that if they cannot answer questions related to artificial intelligence, it indicates insufficient understanding in that domain. Therefore, Imran believes the AI16Z team's skill combination is very suitable, possibly at 70% artificial intelligence and 30% cryptocurrency or 60% and 40%, which is the right direction for building a great AI crypto startup.
What changes will happen after Trump's victory?
Qiao raised that everyone is concerned about what changes will happen after the new president is elected. He believes this topic is the most pressing concern for people.
Imran expressed his view that over the past decade, discussions about cryptocurrency have mainly focused on the concept of the 'final boss', and now it seems they have defeated this 'final boss', namely the president who supports cryptocurrency. He noted that although there are still some lawmakers opposing crypto products in Congress and the Senate, overall, they have made significant progress.
He mentioned that recent regulatory changes have made it easier to launch tokens in the U.S., which will help founders focus more on product development rather than spending excessive time on complex governance structures. Imran believes this is a positive change for founders as they can better concentrate on user needs and product development.
Qiao agreed but also cautioned against complacency, worrying whether they have truly seen the 'final boss'. Imran thinks this caution is reasonable but also pointed out that some large institutions like BlackRock are actively investing in Bitcoin, indicating that the market is changing. He also mentioned Trump's recent ICO project, which, although it raised little money, is still an intriguing phenomenon.
Finally, Imran believes that Trump's election will have a positive impact on founders, although there is still uncertainty in the market. Qiao wants to learn more about the specific impacts Trump's election might have on founders.
Shift in market atmosphere
Qiao emphasized that the most important change currently is the government's attitude towards cryptocurrency founders becoming more welcoming, which is crucial for addressing the sharp drop in the number of crypto-based startups in the U.S. over the past three years. According to their data, this ratio has dropped from 80% to 20%. He mentioned that the political environment significantly impacts crypto entrepreneurship, and on election night, he had stated that the fate of cryptocurrency in the U.S. would be decided that day.
Qiao believes the new government will restore confidence in founders who previously dared not start businesses in the crypto space due to political attacks, especially among founders in the San Francisco Bay Area. Over the past few years, the entrepreneurial atmosphere in San Francisco has shifted from crypto to AI, with many crypto hacker houses now occupied by AI entrepreneurs.
Imran further supplemented this point by mentioning a conversation with their chief engineer, Carter. Carter is active in many AI groups in San Francisco and has found that crypto hacker houses have almost lost their popularity, with AI developers dominating these spaces. He inquired if there were still any crypto projects ongoing but discovered that apart from a few highly technical projects, ordinary crypto entrepreneurs have virtually disappeared.
Qiao also pointed out that many of the startups they support have abandoned products over the past two years, with the vast majority located in San Francisco. He believes this phenomenon is driven by immense pressure from peers. He gave an example, mentioning that a founder called him before transitioning, expressing that her friends were working on projects that could change the world while she was working on 'speculative' or 'gambling' type products, which left her feeling very frustrated.
The U.S. will once again become the center of cryptocurrency
Qiao and Imran discussed the potential impact of the new government on the cryptocurrency industry, particularly the possibility of the U.S. becoming a cryptocurrency center again.
Qiao expressed confidence that within the next four years, the U.S., especially New York, will re-establish itself as a global cryptocurrency center. He believes that domestic founders will be more open to cryptocurrency development, while international founders are also more likely to come to the U.S. to start businesses.
Qiao also mentioned that if Trump could fire Gary Gensler on day one and appoint a friendly Treasury Secretary towards cryptocurrency, it would bring positive changes to the crypto industry. He looks forward to a series of new legislations regarding stablecoins, securities laws, token issuance, and crowdfunding, all of which would help promote the development of new application scenarios. Although these changes may take time, he believes their effects will be seen soon.
Imran then mentioned that regarding the issue of 'Choke Point 2.0', there is still a lack of suitable banking infrastructure, making it difficult for founders to open cryptocurrency accounts. They are often forced to use banking service apps like Mercury, which have certain limitations on the types of products they can support. During the application process, they must treat it as a fintech app rather than a crypto app, which presents many obstacles for crypto entrepreneurs.
Imran pointed out that due to these issues, most products tend to lean towards speculation and gambling, which has caused some potential founders in Silicon Valley to lose interest in developing non-speculative products. He believes this has created a vicious cycle, resulting in a market dominated by content related to gambling, further impacting the reputation of the crypto industry.
Finally, Imran stated that with the clarification of the regulatory framework, more regulatory clarity is expected to emerge in the coming year, which may bring new opportunities for the crypto industry.
Now is the best time to turn to cryptocurrency
Qiao and Imran expressed optimism about the cryptocurrency industry in the coming years. Qiao emphasized that their startups faced many challenges and governmental pressure over the past few years, which makes him excited about the arrival of a new government. He believes that now is the best time to turn to cryptocurrency, and he is filled with confidence and even excitement.
Imran mentioned the concept of 'luck', emphasizing that for founders, the key is to work in the right direction regardless of the current environment; as long as they continue to build in this field, good results will eventually come. He believes this is an important moment not only for the two of them but also for all founders starting in the crypto space.
Imran called it 'the golden age of cryptocurrency' and predicted that the next four to five years will be a very influential period, possibly leading to unprecedented new business models.
Crowdfunding and tokenization of new things
Qiao mentioned that they have accepted a batch of startups centered around the crowdfunding concept into the next incubation cycle, particularly ideas about cross-border crowdfunding and the tokenization of new things. He pointed out that past crowdfunding efforts mainly focused on a few popular projects, such as tokenized memes, but in reality, there are many other things that can be tokenized. Therefore, against the backdrop of regulatory changes, they made significant investments in these emerging startups.
Imran further added that almost any project with substance can be crowdfunded. He is optimistic about the new batch of founders they accepted, believing this will enable more users who have not previously engaged with cryptocurrency to enter the field. This positive outlook on crowdfunding and tokenization reflects their confidence in the future development of cryptocurrency and their desire to attract new users through innovation.
Cognition and popularization of cryptocurrency
Imran expressed a desire to change external perceptions of cryptocurrency, noting that when collaborating with some founders, he discovered that many traditional industries hold negative views about cryptocurrency. For example, the gaming industry, creator art communities, and sports teams have expressed aversion to cryptocurrency. He believes this opposition reflects the gap between the crypto circle and other industries.
Qiao offered a counterexample, mentioning that he noticed the branding of OKX on Manchester City's jersey while watching the Premier League, indicating that some sports teams are beginning to collaborate with cryptocurrency brands. While Imran believes that brand collaborations are different from actual use of crypto products, Qiao pointed out that to tokenize sports teams, these teams must have an open attitude towards cryptocurrency.
Imran acknowledged this viewpoint, considering it a good first step, and mentioned that as the regulatory environment changes, more similar innovative products may emerge. He is excited about the potential of future crypto products and mentioned developments related to Coinbase, suggesting that the cryptocurrency industry is advancing. This dialogue reflects their expectations for the popularization and acceptance of cryptocurrency and their desire to improve the industry's image through cooperation and innovation.
Dynamics of Coinbase
Qiao mentioned that he managed his parents' retirement investment portfolio at $160 per share two weeks before the election and bought Coinbase stock. Now, the stock price has exceeded $300, leading his parents to start believing that he has made a lot of money in cryptocurrency.
Imran also shared a similar experience, mentioning that he once suggested investing his mother's retirement funds in Coinbase and noted that they had discussed Coinbase outperforming Bitcoin. Qiao further teased that now Imran's mother also believes he has become wealthy.
Imran humorously recounted how his mother asked why Coinbase's price hadn't risen after Trump's election. He explained that the market is closed at night, so it is unreasonable to expect price changes immediately after the election. This interaction demonstrated their understanding and response to the volatility in the cryptocurrency market.
At the end of the conversation, they discussed investors' expectations for the upcoming presidential inauguration, with Imran believing that this has become a market consensus, as many are waiting for this moment to decide whether to sell Coinbase stock.
Qiao suggested not selling at least before the inauguration, reflecting their attention to market dynamics and their judgments on future trends.
Future predictions for tech stocks
Qiao mentioned that he is waiting for Jack Miller to provide analysis on macroeconomic indicators. Jack Miller recently expressed optimism about tech stocks in an interview, which is good news for the development of Bitcoin.
Qiao believes the economic situation is good, with no signs of recession, and that Trump's policies will help in economic recovery, which is a positive signal for the next three to six months.
However, Qiao also mentioned concerns about inflation in the medium term, suggesting that it is essential to closely monitor this issue next year. He advised that in light of inflation risks, investing in commodities might be a good choice.
Inflation and the relationship with commodity investments
Qiao discussed his investment in copper, believing it is an effective tool against inflation. He noted that copper is an investment related to the growing demand for AI data centers, as these data centers require more power. Qiao believes that copper can serve not only as an inflation hedge but is also closely tied to the long-term trends in AI.
Imran asked whether copper is the best way to invest in artificial intelligence, besides holding AI stocks. Qiao agreed and further mentioned uranium as an investment option for building nuclear power plants.
When discussing energy stocks, Qiao mentioned that he had researched them a few months ago but did not find strong investment opportunities in energy stocks, especially in utility companies. He pointed out that digital companies are mostly supported and regulated by the government, leading him to be cautious about these stocks.
Reflections on U.S. politics
Imran delved into his views on the current state of American politics and society. He reflected on the wars and economic challenges he has experienced throughout his life, expressing concerns about the future, particularly regarding employment, wage growth, and rising living costs. He mentioned that this situation makes him feel as if he is forever trapped in debt.
Imran also noted that he had considered moving to another country in search of a more organized and efficient environment to create a better future for his children. However, he resonated with JD Vance's views, emphasizing the 'America First' concept and opposition to endless wars. He believes that Vance's upbringing has many similarities to the lives of ordinary Americans, which makes his perspective more persuasive.
Imran feels conflicted about the future, pondering whether America has entered a new phase that can build a better society for millennials and Generation Z, or if this is just a façade, with real control still held by traditional forces pursuing global dominance.
Expectations for the new America
Qiao expressed his support for JD Vance, believing he is a trustworthy leader, and mentioned that he has changed his views on Trump over the past period. They both feel optimistic about the ideas of small government and deregulation, believing it will bring higher efficiency and better governance.
Imran expressed dissatisfaction with the current political system, especially concerns about conflicts of interest. He noted that there are many ties between government officials and large corporations, which undermines the public's voice and power. He quoted Elon Musk's viewpoint, emphasizing the need for regulation to start from the grassroots rather than letting those who frequently switch roles between government and corporations manage it.
Qiao and Imran both hope to see a new political direction that can break the old elite system and create a more transparent and efficient government. Their expectations for the future focus on leaders who can achieve economic reforms, reduce deficits, and improve governance structures.
Predictions for future politics
Imran mentioned that millennials and Generation Z (especially young leaders like JD Vance and Vivek) are gradually reclaiming power. He believes that JD Vance's role as vice president could pave the way for his future presidential run.
Qiao also expressed optimism about the future political landscape, mentioning that Vivek might run for president in 2028. They are both excited about the rise of young leaders, believing it will bring new changes and opportunities for America.
When discussing the influence of Indians in global politics, Imran humorously noted the increasing influence of Indians in the UK, even mentioning the achievements of some Indian-origin politicians. They discussed the historical relationship between India and the UK and expressed recognition of India's rise in the economic and technological fields.
Emerging crypto applications and products
Imran asked Qiao about his experience in cryptocurrency, shifting to discussions about crypto products, indicating their interest in future technological and financial innovations. Overall, this dialogue showcases their positive outlook on future politics and the potential changes brought by the younger generation of leaders.
Development of Tribe.run
Imran and Qiao discussed emerging crypto applications and products, particularly a platform called 'Tribe.run'. Imran expressed interest in this application, viewing it as an innovation over existing social media platforms like Facebook and Friend.tech.
Token system: Users purchase interactions with creators through tokens instead of traditional keys. This method allows users to participate more flexibly rather than solely relying on expensive key prices.
Limited interaction: The platform has set up a mechanism allowing the first 12 token holders to chat with creators instantly, increasing the uniqueness and scarcity of interactions.
On-demand questioning: Users can choose to pay a fee to ask questions instead of having to buy tokens to participate in interactions.
Fractional tokens: Users can purchase portions of tokens, making participation easier, especially for those who are unwilling or unable to afford the full token price.
Imran believes that the platform's experiment on Solana is a fresh attempt and has attracted a loyal user base. He is optimistic about the future of this product, believing it has the potential to gain more attention and usage.
Qiao mentioned that he had used the app before, but an update prevented him from sending messages, so he was not very satisfied with the platform's experience. They also reminisced about their interactions during the price competition, with Imran mentioning that Qiao stopped using the app after he won the competition.
'Defined' mobile app features
Imran introduced a new app he has been using recently - DeFi Mobile App, stating that he now relies entirely on this app to find new tokens and trading data. He mentioned that this app has greatly facilitated his use of cryptocurrency.
Features of DeFi Mobile App:
Comprehensive data access: Imran emphasized that this application is very effective in finding and analyzing new tokens, meeting his needs for conducting crypto transactions on mobile devices.
User feedback: Imran mentioned his previous negative review of another app (Deck Screener) and noted that he received audience feedback, leading him to decide not to criticize that app directly anymore. This shows his respect for user opinions and willingness to adjust his way of expressing himself.
Imran's transformation indicates his exploration of emerging applications and focus on user experience, reflecting the rapid dynamics and continually changing user needs in the crypto realm. Overall, his positive assessment of the DeFi Mobile App reveals his open attitude towards new technologies and tools, as well as his determination to seek better solutions in cryptocurrency trading.
How to turn $100,000 into $10 million
Imran and Qiao explored strategies for turning $100,000 into $10 million. Imran proposed several methods, while Qiao expressed skepticism about the difficulty of achieving this goal.
Imran's strategy:
Deep diving into new tokens: Imran emphasized that to succeed in the cryptocurrency market, one must be fully committed. He mentioned that there are many new tokens ('shitter') that can rapidly appreciate in value within a short time, necessitating constant attention to market dynamics.
Utilizing information and intuition: He mentioned using tools (like Pump Pro) to track new tokens and make purchasing decisions based on market trends and the 'meme' of the tokens. He believes intuition is crucial when selecting tokens.
Phased investments:
Short-term high-risk investments: Look for low market cap tokens and sell once their market cap reaches a certain level.
Long-term stable investments: Once gains are realized, shift to higher market cap, relatively stable tokens for investment. For example, he mentioned tokens with market caps between $80 million and $90 million, which have potential for further growth.
Pay attention to market noise: Imran believes that while there is a lot of noise in the market, this also means investing in meme tokens becomes easier, as overlooked opportunities can be found.
Qiao's views:
Qiao expressed skepticism about the feasibility of turning $100,000 into $10 million. He believes that to achieve this goal, one must be fully committed and develop good intuition. He mentioned:
High-risk investments: One could invest all $100,000 in low market cap tokens, hoping their prices will increase tenfold, turning $100,000 into $1 million.
Shift to larger market cap tokens: Once reaching $1 million in assets, it will be necessary to participate in larger market cap tokens (over $100 million), as investment opportunities in small market cap tokens will decrease.
Status of NFTs and their communities
Imran's views:
Optimism about Ricardios: Imran expressed strong optimism about the Ricardios community, calling it 'a cult'. He believes that strong NFT communities often exhibit loyalty and cohesion akin to a 'cult'.
Market trends:
Imran mentioned some projects he considers to be strong NFT communities, such as Pudgy Penguins and Crypto Punks. He believes these projects hold significant positions in the NFT market.
He mentioned that Morad has an NFT list that may include other noteworthy projects.
Views on Malaysia: Imran believes Malaysia is currently one of the strongest NFT projects, with many other projects being derivatives of Malaysia. He mentioned that he has participated in several Telegram groups and observed that many projects are developing around Malaysia.
Comparison of Ethereum and Solana: Imran pointed out that the current speculative capital in NFTs is distributed about 70% in Solana and 30% in Ethereum. He believes that obtaining speculative capital for NFT projects is relatively difficult and involves higher risks.
Specific projects:
He mentioned some NFT projects based on SPX 6900, as well as the Proto Gremlins project related to Harry Potter.
Additionally, he mentioned some traditional NFT projects like Crypto Punks and Pudgy Penguins, which still have a strong influence in the NFT market.
Qiao's views:
Qiao's view on the NFT market is relatively conservative, mentioning some thoughts on price predictions. He hinted that the market might experience volatility and mentioned his plans to purchase the Cybertruck, which could influence his investment decisions.
Year-end price predictions
Imran's views
Bitcoin prediction: Imran expressed strong optimism about Bitcoin's future, betting $500 that it would exceed $100,000 by 2026. He considered this a 'simple bet' and believes that this goal could be achieved in the near future.
Market dynamics: He mentioned that recently large investors (like Taylor) invested heavily in Bitcoin ($200 million), indicating that confidence in Bitcoin is growing in the market.
View on Ethereum: Although Imran is optimistic about Bitcoin's prospects, he expressed uncertainty about the future prices of Ethereum and Solana. He believes that the futures of these two projects depend on various factors, including technological advancements and market demand.
Qiao's views
Optimism about Bitcoin: Qiao is also optimistic about Bitcoin's short-term performance, even believing that Bitcoin could break the $100,000 mark next month or next week.
Attention on Ethereum: Qiao mentioned the technology and ecosystem of Ethereum but believes it lacks some key developers and builders, which may impact its future development.
Outlook for Ethereum 3.0
Imran and Qiao delved into the dynamics of the cryptocurrency market, especially the future trends of Bitcoin and Ethereum, as well as their personal experiences in the investment process.
Imran's views:
Bitcoin prediction:
Imran is optimistic about the future of Bitcoin, having bet $500 that Bitcoin will exceed $100,000 by 2026. He believes this bet is relatively simple and is confident in Bitcoin's significant upward potential in the future.
Market dynamics:
He mentioned that recently large investors (like Taylor) invested $200 million in Bitcoin, which shows that confidence in Bitcoin is growing in the market and may drive its price up.
View on Ethereum:
Despite being optimistic about Bitcoin, Imran expressed uncertainty about the future of Ethereum and Solana. He believes that the performance of these two projects will be influenced by various factors such as technological advancements and market demand.
Qiao's views:
Optimism about Bitcoin:
Qiao is also optimistic about Bitcoin's short-term performance, believing it could break the $100,000 mark next month or next week, demonstrating his confidence in the market.
Attention on Ethereum:
Qiao mentioned the technology and ecosystem of Ethereum but pointed out that it lacks some key developers and builders, which may impact its future development.
Personal investment experiences:
Purchase of the Cybertruck:
The two shared their experiences of buying the Cybertruck. Imran felt cheated during the purchase as the price dropped shortly after. In contrast, Qiao was satisfied with his choice but regretted not buying Cyber Bees, reflecting their different experiences and feelings in investment decisions.
Is ETH making a comeback?
Qiao's views:
Execution capability: Qiao emphasized that Ethereum's future depends on how it executes existing plans. He referenced Justin Drick's perspective, asking whether consensus has been reached within the team.
Historical performance: He pointed out that Ethereum has failed to execute quickly over the past decade, putting it at a disadvantage in market competition.
Imran's views:
Network effects: Imran noted that the Ethereum Virtual Machine (EVM) still has a strong network effect, with about 60% to 70% of developers still based on EVM, which makes him optimistic about Ethereum's future.
Execution challenges: He agreed with Qiao's view that Ethereum progresses slowly in launching new features and needs to ensure consensus among all parties to effectively drive project development.
Philosophical differences:
Comparison of Ethereum and Solana: Qiao and Imran discussed the fundamental philosophical differences between Ethereum and Solana. Solana advocates for a 'move fast and break things' approach, while Ethereum takes a more conservative stance, focusing on stability and security.
Other discussions:
Research-oriented: Imran mentioned that Ethereum emphasizes research and community feedback, stressing the need to establish multiple feedback loops and debates to drive better decision-making.
Vitalik's article: Imran mentioned an article by Vitalik Buterin discussing the concepts of prediction markets and information finance, indicating Ethereum's community's efforts to explore new ideas and technologies.
Vitalik's article - 'From Prediction Markets to Information Finance'
Qiao and Imran discussed Vitalik Buterin's article 'From Prediction Markets to Information Finance', and expressed some views on Vitalik's thoughts on products.
Qiao's views:
Disconnection from users: Qiao believes that Vitalik's understanding of the market seems disconnected from the actual needs of users. He mentioned that while he respects Vitalik's views, his insights may not be close enough to users in product development.
Imran's views:
Respect but disagree: Imran expressed respect for Vitalik, acknowledging that his contributions and viewpoints in technology are valuable. However, he believes that in product development, Vitalik should delegate more power to actual product developers instead of speculating too much.
Core of the discussion:
Separation of products and technology: Both agreed that although Vitalik's technical insights are profound, true product developers understand user needs and market dynamics better when it comes to product design.
Year-end predictions for ETH and Solana
Imran posed a question, inquiring about predictions for Ethereum and Solana's future, hinting that they are considering the competition and development potential of these two blockchain platforms.
Qiao's predictions:
Solana: He mentioned that Solana's price could reach $420.
Ethereum: Qiao predicts that Ethereum's price will reach $3,314.
Bitcoin: He predicts that Bitcoin's price will reach $96,000.
