Liquid Capital founder Yi Lihua said each crypto bear market brings renewed questions about the industry’s value, but he has long viewed crypto’s core value as "on-chain finance." According to Odaily, he said this means mapping real-world financial assets and services such as gold, the U.S. dollar, U.S. stocks, and exchanges onto the blockchain to provide a more convenient, transparent, and free financial experience.

Yi said BTC, stablecoins, and on-chain trading all reflect this logic. He also said AI represents a new direction for technological development and investment opportunities, which is why he has emphasized a "half crypto, half AI" allocation strategy.