DeFiance Capital, said at the Token2049 Singapore "Generating Alpha: Navigating Crypto Markets" roundtable discussion: "Most people invest in cryptocurrencies because they are excited about the technology, vision, and products. But I think now, there are many cryptocurrency investors who need to become macro experts, legal experts, and regulatory experts. We have spent a lot of time researching these, but this is not entirely what we need to do in the cryptocurrency field. I look forward to how we can focus more on the fundamentals of cryptocurrencies, rather than focusing on the introduction of spot Bitcoin ETFs and regulatory actions. I hope this mistake can be corrected."