🇺🇸 Some thoughts from the Bitcoin conference in Las Vegas, USA:

1. Whether in capitalist or socialist countries, political power always comes first. The attendance of Vice President Vance is also a very positive signal.

2. More and more cryptocurrency companies want to list in the U.S. to cash out and sell American stocks (Amber is going public to provide an exit channel for investors).

3. Everyone is trying to bring traditional institutions into the market because they find the buying power of small investors too weak. Traditional institutions and VCs in the U.S. actually have money; a small gesture from them can be enough to sustain for a long time.

4. The attendees this time are generally aged between 30 and 70. However, the most annoying type of old-timer at offline events keeps bragging about who they know to elevate their own status. Who asked you? Regardless of the industry, people are only willing to pay attention to you if you can make money and get things done.

5. Has the narrative of the BTC ecosystem really ended? I disagree. Mainstream public chains like Solana and Sui are also eager to create BTC interest-bearing assets. For example, Yala, the xBTC on Sui. Methane is also actively promoting it and has pulled in ten times in two months. It's now at 35 sats, and I don't have a single one.