The trip to Beijing has come to an end. The mystique of achieving new highs (and then waterfalls) after arriving in Beijing is still in effect. The plan is to avoid traveling to Beijing for the next 1-2 months, but if there’s a severe drop, I might make a same-day round trip. This trip to Beijing clearly felt very different:

1. During gatherings, people almost no longer discuss new narratives or what new projects can surge; instead, the conversations focus more on the global economic situation and the China-U.S. trade war. Last night at dinner, @Vito_168 and @0xsexybanana had nearly 20 minutes of macro discussions that everyone was silently listening to. Additionally, everyone's investment portfolios have expanded from crypto assets to Hong Kong stocks, U.S. stocks, various IPOs, and even some volatility tools;

2. @shuaibaobaommd and I ultimately decided to restart equity investments in consumer sectors, stemming from our belief that the success of Pop Mart can be replicated. Betting on the seed players of the post-00s generation is akin to betting on Pop Mart ten years from now, and our advantage is quite clear—we both have our own funds, so there's no fundraising pressure;

3. RWA remains the core focus of this business trip; one can only say that demand is strong, but there aren't many companies capable of fulfilling that demand. It’s a pure blue ocean, proving that the direction of entrepreneurship is completely correct;

4. Last night while drinking with @TC8880, @hsingxxx, and @0xsexybanana, we talked about something I’ve always wanted to discuss—the issue of generational transition in the KOL system. I won’t elaborate on the details, but my only conclusion is to accelerate the rise of newcomers and welcome more post-00s to Shenzhen, where the chairman supports the young people;

5. The strategies on-chain have been further streamlined, and time and energy should be devoted to more valuable matters. Following one’s inner choice allows money to become a weapon for creating a high life. After getting on the BNB chain’s yin-yang scheme, let the operators do their work; if there’s leisure, do a bit of nurturing; for new things on Sol, if something interesting appears, place some chips, aiming for over 50 times returns, even if it goes back to zero, one must acknowledge it; always remain optimistic about projects supported by profits, as these are the future of the crypto space.