I recently watched a live stream featuring a heavyweight figure in the industry, full of valuable insights. Many questions from key opinion leaders (KOLs) were quite sharp, and the answers were very straightforward. Let’s go through some of the key topics discussed during this live session.

**Market and Asset Judgments**

The most straightforward view on Bitcoin is: $200,000 will arrive sooner or later, and there’s no clear top visible at the moment. But this person also mentioned that the timing cycle remains a mystery. Interestingly, he pointed out that current crypto policies have become more friendly (since Trump took office), which could break the classic four-year cycle pattern of Bitcoin—if that happens, the game rules will change.

Regarding the altcoin season, his stance is very clear: it will come. The market won’t always revolve around Bitcoin; public chains, application-layer projects, and infrastructure projects still have short-term growth potential. He also mentioned that US regulators have removed digital assets from the risk-priority list starting in 2026, indicating a shift in policy attitude. Based on this, he mentioned the possibility of a "super cycle," but also emphasized that predictions carry significant uncertainty—this cautious approach is quite prudent.

On ecosystem development, he said that the ecosystem he’s involved in is very active, and he personally holds quite a few related assets, recognizing their price potential. However, he refused to give a specific target price—very smart. His logic is that ultimately, value depends on how far application scenarios can be expanded.

**The Meme Coin Scene**

Regarding Meme culture itself, he likes it, but isn’t very interested in trading Meme coins. Instead, he’s more focused on underlying infrastructure. One noteworthy statistic: Meme coins have a failure rate of over 90%. He said only a very small number of projects with "anecdotal or historical story" backgrounds might generate lasting value. The implicit message is clear—investing in Meme coins carries very high risk, and participants must do their own homework and bear the consequences.

What was evident from this live stream is that this industry veteran was open about both the optimistic market outlook (altcoin season, super cycle potential) and the risks involved (high failure rate of Meme coins, uncertainty in cycle predictions). This balanced approach to communication is quite rare in this industry.