Nic Carter: The "Four-Year Cycle" concept is outdated, and creating real value has become the new harsh challenge

On November 16th, Nic Carter, the founder of Smart Contracts and the co-founder of Castle Island Ventures, stated that it is not ironic to claim that the market situation in 2025 will be "worse." Although some negative events also occurred in 2022, cryptocurrency was the center and focus of all those events. The price decline can be attributed to the catalysts that we are bound to overcome. Nowadays, cryptocurrency has become the neglected child, and artificial intelligence and the seven giants of the U.S. stock market have become the protagonists. Retail investors' attention is focused on data centers, quantum computing, and rare earth stocks. The downward trend of cryptocurrency is not due to any specific catalyst but simply a result of a weak market, a lack of attention and buyers, and the aftermath brought by the long-standing poor performance of Distributed Autonomous Technology (DAT). Does this mean that everything is over? No. It's just that concepts such as the "four-year cycle" and the "alternative investment season" are no longer applicable. To make money, one must truly create value, and this is a daunting challenge for many.