"DeInsight 2024" Roundtable Discussion: There are differences in fund styles between the East and West, with American funds focusing more on long-term technology, while Asian funds tend to favor high growth potential and clear market strategies
ChainCatcher live report, BMAN, co-founder of ABCDE Capital, Shi Khai Wei, co-founder of LongHash, Ryan Chen, partner at HashKey Capital, Bruce Lan, partner at Bing Ventures, and Momir Amidzic, investment director at IOSG Ventures, attended the DeInsight conference and engaged in an in-depth discussion on the hot topic of "New Cycle in Primary and Secondary Crypto Investment" during a roundtable.BMAN stated that ABCDE Capital's investment focus this year remains on the first or only project in a particular field. The fund places special emphasis on AI projects, noting that while blockchain is friendly to AI, it is not friendly to humans. He pointed out that more AI applications will emerge in the blockchain space in the future. He also mentioned that ABCDE recently collaborated with TG to develop a trading application, which is the largest user trading application in the TG ecosystem, aimed at creating a brand new trading experience.Shi Khai Wei mentioned that LongHash's focus has shifted to application areas this year, particularly in gaming and AI.Ryan Chen revealed that HashKey Capital has obtained a fund management license from the Monetary Authority of Singapore this year and launched the world's first Bitcoin ETF and Ethereum ETF in Hong Kong.Bruce Lan stated that Bing Ventures has initiated its fourth business line and is currently in contact with over 10 outstanding funds. He emphasized the desire to become a bridge between Eastern and Western markets, supporting excellent GPs.Momir Amidzic shared IOSG Ventures' investment achievements, mentioning that projects like Eigenlayer, Babylon, and Celestia, which were invested in a few years ago, have yielded substantial returns this year. During last year's USDT collapse, IOSG also firmly invested in the stablecoin category.When discussing this year's market changes, the guests noted that Asia has more application and consumer projects, while the West has many infrastructure and technological innovations. U.S. funds are more focused on long-term technology-based projects, whereas Asian funds tend to favor high growth potential and clear market strategies. In the West, people excel at storytelling and creating new narratives, while Asians are skilled in engineering implementation, applying everything to new realities. Shi Khai Wei mentioned that U.S. funds focus more on equity rather than tokens, although they typically also invest in tokens. Asian funds are more open to the idea of direct investments, while U.S. funds are relatively conservative. From an investor's perspective, retail investors in Asia have a much higher risk tolerance than those in the West.In the market environment where Bitcoin continues to hit new highs, the guests expressed an optimistic outlook on the recent market, but there were differing views on the cycle position. BMAN believes that the current phase marks the beginning of a bull market, benefiting from the initiation of a new round of interest rate cuts and changes in the SEC chair, which will create a better entrepreneurial environment and policies. Momir, however, cautioned that this may be the last quarter of the bull market, advising entrepreneurs to respond rationally to market cycles and maintain resilience during bear markets.Remote participation 👉Video live link: https://www.youtube.com/live/tTVcUPumPysImage live link: https://www.pailixiang.com/album_ia7637038926.html
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