TechFlow News, November 13 — JackYi, founder of LD Capital, shared his views on the FTX collapse via Twitter:
1. The FTX incident has detonated the biggest bomb in Crypto, clearing up OGs' long-standing confusion about FTX's massive capital operations. If you've ever wondered where their money came from? It might have been ours.
2. This is a problem of centralized and opaque institutions, not of decentralized blockchain technology. We must clearly distinguish between the two.
3. The previous bull market was built on highly valued projects backed by major Western institutions and prestigious universities. The next wave will belong to Asian developers and professional post-investment institutions. Blockchain belongs to real Builders—this is why I remain bullish on ETH, Polygon, and similar projects.
4. Every bull market ends in euphoria and is born out of despair. Scammers exist in every industry, not just blockchain—they're merely minor episodes along the way. The most exciting part of blockchain is that each resurgence emerges stronger and more prosperous than before.Original link
