When top venture capital firms list cryptocurrencies and AI as the two main pillars shaping the strategic future of the United States over the next century, many voices within the industry remain cautious about the value of this field. This cognitive gap behind the scenes is worth pondering.

Data speaks: this leading VC recently raised over $15 billion, accounting for 18% of total US venture capital funding. Such a scale of capital decision-making must have its logic. Their extensive layout and heavy investment in the crypto ecosystem clearly demonstrate the institutional capital's long-term valuation of this track.

Looking internally, many industry practitioners still doubt the future prospects of cryptocurrencies, and some even use more aggressive language to disparage the entire field. Does this huge gap in internal and external perceptions reflect a market mechanism failure, or does it indicate that our understanding of the industry is still insufficiently deep?

The changes in the venture capital landscape over the past three years confirm a trend: traditional financial thinking is being reshaped. Perhaps it's time to re-examine this industry.