He Yi: There have been too many bubbles in history, but after the bubbles, good companies and innovations will remain.

Odaily Planet Daily reported that He Yi, co-founder of Binance, stated at the Hong Kong Web3 Carnival that every time there is a fluctuation in cryptocurrency prices, discussions about the death of Bitcoin arise. There have been too many bubbles throughout history, but that doesn't mean that good companies and innovations won't emerge after a bubble. During the Industrial Revolution, as depicted in movies about Wong Fei-hung, young people used to take up spears and swords to stop the construction of railways; when I was a child, I secretly went to internet cafes with my scholarship, and people thought that was something bad kids do. Now, the internet is widely used. When something new is born, people tend to reject it because human nature prefers safety and stability. Initially, Satoshi Nakamoto wrote the Bitcoin white paper like a fighter or a revolutionary, and even today, the traditional sectors still misunderstand blockchain as anarchistic. We should find a sweet point between innovation and tradition, allowing technology to benefit the masses. Traditional finance will discover that blockchain technology is more efficient, simple, and elegant. Additionally, information has a delayed cycle. Currently, there is a lot of negative perception about the industry, and the public remains stuck on the impression that (Web3 is) a Ponzi scheme.