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

Odaily News He Yi, co-founder of Binance, said at the Web3 Carnival in Hong Kong that whenever the price of the currency fluctuates, there are rumors of the death of Bitcoin. There have been too many bubbles in history, but it does not mean that there will be no good companies and innovations after the bubble. In the era of the Industrial Revolution, like in the movie Once Upon a Time in China, young people used spears and swords to stop the construction of railways; when I was a child, I secretly went to Internet cafes with a scholarship, and everyone thought that this was what bad kids did, but now the Internet is widely used. When every new thing is born, people reject it because human nature likes security and stability. When Satoshi Nakamoto wrote the Bitcoin white paper like a fighter and a revolutionary, the misunderstanding of blockchain in the traditional field to this day is that blockchain is anarchism. We should find the sweet point (between innovation and tradition) to make technology accessible to the public. Traditional finance will find that blockchain technology is more efficient, simple and elegant. In addition, information has a delayed cycle. At present, the outside world has a lot of negative perceptions of the industry, and the public still has the impression that (Web3 is) a Ponzi scheme.