Article author: 0x9999in1, MetaEra

"Since we published our research report on ETH at $1,700, the price of ETH has increased by more than 70% in just over ten days." Jack Yi, founder of LD Capital, shared this "good news" on his social platform.

This is not only a confirmation of the market trend, but also like a battle-hardened veteran who has once again won the rewards with judgment and courage on the battlefield.

As a veteran investor in the crypto industry since 2015, Jack Yi has not only witnessed the growth and transformation of mainstream cryptocurrencies such as Bitcoin and Ethereum, but also accumulated a wealth of market insights through investment in more than 200 projects. Recently, MetaEra had the pleasure of inviting Jack Yi to conduct an in-depth interview to share his experience growing up in the market cycle, optimistic predictions about the future value of Ethereum, and effective strategies to deal with market volatility.

Essence Viewpoint

● ETH As the entire financial infrastructure and crypto-native innovation place, the ecosystem is still the most advanced in the entire industry.

● The greatest value in the blockchain field has been proved to be financial substitution and upgrading, rather than Web2 application substitution.

● ETH as a financial infrastructure has more than ten times the potential for market growth.

● Focusing on future trends is at the core of our investment.

● The strong Hengqiang and the higher requirements for investment and research, so we are forced to update our knowledge and information, and we cannot rely on simple cycle thinking to invest.

Interview Transcript

MetaEra: As a crypto OG, you have a lot of experience in the field of cryptocurrency investment, please share what experiences in your career have had a significant impact on your current market analysis and decision-making?

Jack Yi: I've been in the crypto industry since 2015 and used to be in classical investing. Several key milestones had a big impact on me, one was the early Bitcoin mining and buying of Ethereum, which caught up with the upward trend phase, and the crazy new project investment boom in 2017. But during the Great Bear Market of 2018 and 2019, the industry encountered its first trough, and after the 312 incident, it ushered in another mad bull, and then entered the bear market again, in the process, participated in more than 200 project investments, and went through the pains of more than a dozen trading teams and team management, countless joys and sorrows to really establish the cycle concept and the current investment philosophy.

MetaEra: In your latest research report, you put forward an optimistic forecast for ETH to reach $10,000 in the long term. Please elaborate on the main arguments and technical logic in support of this prediction?

Jack Yi: First of all, this forecast is based on our trend judgment of this bull market. CZ predicts that the price of Bitcoin could be between $500,000 and $1 million, while we conservatively estimate that Bitcoin could reach $300,000, so it is reasonable to expect Ethereum to rise to $10,000. ETH as the entire financial infrastructure and crypto-native innovation, the ecology is still the most leading in the entire industry, and the ETH Foundation has also refocused on the development of the L1 ecology, and secondly, the reason why ETH has fallen a lot before is because of the market leverage cleaning factor, too many large investors rely on the last round of bull market thinking to long ETH, and the liquidation of large accounts and multiple armies will inevitably rebound reasonably, because ETH shorted nearly 10 million ETH on the whole network at the moment of $1700, which is a historic opportunity for multiple armies, full of momentum.

MetaEra: In the face of ETH rising for several days, the gold content of your research report is still rising, do you have any views you would like to share for users who have already executed investment actions and are still waiting?

Jack Yi: I think investing requires a lot of patience to withstand the volatility process. As a head asset, ETH itself should be a long-term allocation, and if you have executed investment actions, you should take it for a long time until you think this round of bull market is over before selling; For users who are still waiting, they can buy gradually, and they don't have to worry about buying high if they have a normal pullback, the cycle is lengthened investment allocation mode, or looking for new assets with more growth potential, because the rebound and recovery of ETH will lead the industry to a bull market, and only ETH and the ecological recovery can bring back the bull market, BTC is an electronic gold asset.

MetaEra: What specific steps do you recommend investors take to manage risk and capture opportunities in the ETH ecosystem in the face of market volatility?

Jack Yi: Volatility is the biggest feature of finance, for investors, can not expect to invest in the most ideal price, no one's trading can be at the ideal point of buying and selling, can only extend the cycle to set the buy and sell price, ETH ecology will indeed have a lot of good assets The growth rate will exceed ETH, which requires professional investment and research capabilities, because the higher the return, the greater the risk. In our research report, we focused on leading projects like UNI, ENJ, and AAVE.

MetaEra: Even if short-term price fluctuations are not taken into account, where do you see Ethereum's greatest growth potential in the next five to ten years?

Jack Yi: First of all, the blockchain field has been proven to be the greatest value is financial substitution and upgrading, rather than engaging in Web2 application substitution, the scale of the entire global financial field is up to hundreds of billions of dollars in the market, and the crypto field has too many advantages to do, as the entire industry advances, ETH as a financial infrastructure, there is more than ten times the market growth potential, This is not an exaggeration.

MetaEra: The crypto market has been bullish and bearish several times, how to define the current cycle of the crypto market? How should investors adjust their strategies to different market stages?

Jack Yi: As far as my personal observation is concerned, we are currently at the beginning of the arrival of the bull market, in fact, you see that BTC and SOL (when SOL was 25~30 dollars, we released 2 SOL research reports in a row) have increased by 6 times and 20 times respectively, but in this cycle, because of too many project varieties, and compliant ETFs and listed companies focused on buying BTC and SOL led MEME bull market, there is no general rise in the market, which is also in line with the law of mature financial markets, you go to look at the US stocks, decades of bull market and not all listed companies can win the index, the strong Hengqiang and higher requirements for investment research, so we are forced to update knowledge and information, can not rely on simple cycle thinking to invest.

MetaEra: What track will LD Capital focus more on at the moment? Does it have an investment logic that is different from that of other investment institutions?

Jack Yi: We are currently focusing on secondary market investment, and we are preparing to set up two secondary institutions in different directions, namely Trend Research and Liquid Digital, and for primary market investment, we see infrastructure construction, AI and IPO opportunities. For example, in 2022, we advised every founder to raise as much capital as possible and simplify the team structure to survive the bear market and wait for the bull market to come.

MetaEra: What are the potential implications of changing regulatory policies around the world on the cryptocurrency market? What do you think of this challenge?

Jack Yi: After the U.S. president, who is the most friendly to the crypto community, took office, the global crypto industry ushered in the best regulatory environment, and Hong Kong, the financial center of Asia, is also releasing more crypto-friendly policies. Now, the most important influencing factors include the approval of crypto ETFs, the increase in investment by listed companies in crypto assets such as Bitcoin, and the continuous listing of crypto companies, and I believe there will be more positive news in the future.

MetaEra: In your opinion, what have been the most significant changes in the blockchain and cryptocurrency industry over the past few years? What does this mean for the future?

Jack Yi: Over the past few years, as cryptocurrencies have gradually integrated into mainstream financial markets, the cyclical nature of the crypto industry has become less pronounced, which is very positive for the long-term development of the industry. At the same time, it also puts forward higher requirements for the professionalism of investors. Secondly, we need to think about the opportunities in the future industry, compliance and on-chain are the big paradigm shifts we are currently seeing. In addition, IPO, infrastructure construction, AI and other restructuring opportunities, focusing on future trends is the core of our investment, and everyone is welcome to exchange views on future opportunities.