Over the weekend, institutions were closed, Bitcoin fluctuated around $99,500, and Ethereum fluctuated around $3,950.
Altcoins have also seen a wave of correction, with an overall decline of around 5-10%.
Someone asked if now is a good time to bottom fish.
I think so; profits are made from declines, and risks are generated from rises.
Previously, there was too much rapid growth, and many altcoins have a demand for short-term corrections; we can buy in batches when a significant 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, from the initial tool phase to the current AI agent phase, and in the future, it will enter a more advanced collective mode.
The first stage of AI is the passive mode.
The earliest AIs, like tools such as ChatGPT and MidJourney, required us to provide instructions to execute tasks.
The second stage of AI is the active mode.
Now, we are entering the AI agent phase.
These agents can reason, plan, and execute actions autonomously.
For example, the virtual idol luna_virtuals from Virtuals Protocol can autonomously plan content, adjust strategies, and even initiate activities and distribute 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 roles such as 'AI judge' or 'AI CEO'.
This development could reach the level of superintelligent AI as depicted in science fiction.
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, and with the growth of the crypto market, AI agents are expected to compete with DeFi, DePIN, and even surpass these fields.
So, I think the imagination space for AI agents is relatively large and worth paying close attention to.
Additionally, it's worth noting that Amazon's shareholders have proposed converting 5% of their assets into Bitcoin.
After Microsoft voted to include Bitcoin in its reserves, the National Center for Public Policy Research submitted a proposal to Amazon suggesting that the company incorporate Bitcoin into its asset reserves.
This proposal clearly explains why shareholders of these large companies want the company to reserve Bitcoin.
The proposal points out that a company's value depends not only on its profitability but also on its ability to protect the value of its profits, thereby safeguarding shareholders' interests.
Amazon currently has $88 billion in cash, securities, and bonds, but the yield on these assets is not beating inflation, effectively diluting shareholder value.
Therefore, they suggest converting this portion of assets into Bitcoin, which has greater preservation and 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's 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, that's equivalent to $165 billion.
If this proposal is passed and executed, it could push Bitcoin to challenge the $150,000-$200,000 high.