During the weekend, institutions were closed, Bitcoin fluctuated around $99,500, and Ethereum fluctuated around $3,950.
Altcoins have also experienced a wave of correction, with a general decline of about 5-10%.
Someone asked, is now a good time to bottom-fish?
I think so, profits are made from declines, while risks are born from increases.
Previously, the rise was too rapid, and in the short term, many altcoins have a demand for correction. We can bottom-fish in batches when a major correction occurs.
Today I updated the bottom-fishing projects and price points in the core group; let's see if there will be any surprises later.
I believe the AI agent sector is worth our close attention.
In this bull market, the AI sector has become a mainstream narrative and is expected to be speculated on by both capital and retail investors.
Currently, artificial intelligence is rapidly developing, transitioning from the initial tool stage to the current AI agent stage, and will further evolve into a more advanced collective mode.
The first stage of AI is the passive mode.
The earliest AIs, like tools such as ChatGPT and MidJourney, needed us to provide instructions to perform tasks.
The second stage of AI is the active mode.
Now, we are entering the AI agent stage.
These agents can autonomously reason, plan, and execute actions.
For example, the virtual idol luna_virtuals from Virtuals Protocol can autonomously plan content, adjust strategies, and even initiate events and pay rewards.
The third stage of AI is the collective mode.
In the future, AI agents will be able to coordinate with other agents or humans, and may even serve as 'AI judges' or 'AI CEOs'.
This development could reach the level of super artificial intelligence depicted in science fiction works.
Currently, the potential of AI agents has attracted attention from all sectors.
Former Google CEO Eric Schmidt mentioned that future AI trends include infinite context windows, text-to-action, and AI agents.
A partner at Y Combinator also believes that the potential of AI agents could be 10 times that of SaaS.
Currently, the market value of AI agents is less than $10 billion. With the growth of the crypto market, AI agents are expected to compete with DeFi, DePIN, and other fields, and even surpass them.
So, I believe there is a significant imaginative space for AI agents, which deserves close attention.
Additionally, it is worth noting that Amazon's shareholders have proposed converting 5% of assets into Bitcoin.
Following Microsoft's vote to include Bitcoin in its reserves, the National Center for Public Policy Research submitted a proposal to Amazon, suggesting the company include Bitcoin in its asset reserves.
This proposal clearly explains why shareholders of these large companies want the company to reserve Bitcoin.
The proposal states that a company's value depends not only on its business profitability but also on its ability to protect the value of its profits to safeguard shareholder interests.
Amazon currently has $88 billion in cash, securities, and bonds, but the returns on these assets do not outpace inflation, which effectively dilutes shareholder value.
Therefore, they suggest converting this portion of assets into Bitcoin, which has better value preservation or even appreciation potential.
This proposal is expected to be reviewed and voted on at Amazon's shareholder meeting in 2025.
Regarding this proposal, Binance founder CZ stated that it is a simple question: just accept Bitcoin payments.
It can be seen that regardless of whether large companies like Microsoft and Amazon ultimately pass this proposal, this trend has already formed.
Currently, Amazon's market value is $2.38 trillion, and even if they only buy 5% of Bitcoin, it amounts to $165 billion.
If this proposal is passed and executed, it could drive Bitcoin to challenge the $150,000-$200,000 high.