The "Truth" and "Lies" in the 2025 Crypto Assets Narrative

This article will explore some narratives that may emerge in the Crypto Assets field by 2025 and attempt to distinguish between the "truth" and the "lies" within them. This analytical framework can help investors and practitioners better understand market dynamics and make more informed decisions.

Obvious Truth Narrative

The integration of AI and encryption technology will continue.

The influence of artificial intelligence in the Crypto Assets community will continue until 2025. The emergence of AI agents provides new momentum for this trend, but this does not mean that AI agent coins will continue to rise. In the long term, the combination of AI and encryption will drive innovation, just as DeFi continued to develop after the bubble burst.

spot ETF bullish market

The launch of Bitcoin and Ethereum ETFs will bring more institutional funds to Crypto Assets, driving prices up. Although some worry that ETFs might be a "Trojan horse", in reality, it will expand the acceptance of Crypto Assets.

Stablecoins are a killer application of Crypto Assets.

Stablecoins are likely to become the breakthrough for the widespread application of Crypto Assets in the fintech sector. More and more traditional payment giants are launching their own stablecoins, demonstrating the potential of this trend.

Many projects perform better before the token issuance.

Most projects often perform better on various metrics before officially issuing their coins. This reminds us to be cautious about the performance after the coin issuance and to recognize the niche nature of the Crypto Assets industry.

Obvious Lies Narrative

Airdrop is dead

Despite the negative impacts caused by the issuance model of tokens with low circulation and high FDV, airdrops have not disappeared. Future airdrops may be more pragmatic and still serve as an effective tool for user acquisition and community building.

Crypto Assets projects must have venture capital support to succeed.

With the rise of public and private fundraising platforms, projects can now raise funds from a more diversified group of investors. The influence of venture capital is gradually diminishing, and the role of encryption-native investors is becoming increasingly important.

Memecoin, AI agents and other super cycles

The term "super cycle" often implies a bubble. While certain narratives may be hot in the short term, they will ultimately be replaced by new narratives. Investors should be wary of such overly optimistic claims.

Retail investors love Memecoin

In fact, retail investors are becoming increasingly sophisticated. They may be more inclined to discover new investment opportunities from platforms like TikTok, rather than being limited to within the crypto community.

DAO is decentralized, efficient, "smart" and transparent.

In fact, many DAOs still face issues such as centralization, inefficiency, and lack of transparency. The current DAO model needs further improvement and innovation.

The Unobvious Truth Narrative

Bitcoin is a tool for hedging against macroeconomic uncertainty.

Although Bitcoin exhibits certain characteristics of a risk asset, it is also a unique diversification asset. During periods of geopolitical turmoil, Bitcoin may become a safe-haven choice.

The utility of the token is not essential ###.

With the rise of Memecoins and analysis platform tokens, tokens no longer require clear utility. Attention, community, and user base may be more important than traditional "utility".

DeFi is more centralized than CeFi.

From the perspective of market share and risk concentration, the degree of centralization in the DeFi sector may be higher than that of traditional finance. This reminds us to pay attention to the diversity and risk dispersion of the DeFi ecosystem.

The dominance of Tether USDT may be challenged.

As new stablecoin participants enter the market, especially in the savings and payment sectors, USDT's market share may come under pressure. Regulatory factors may also impact Tether's market position.

Unobvious Lies Narrative

The fee switch is beneficial for the token price.

Although fee sharing may provide some support for the token, it does not guarantee an increase in the token price. What truly drives the value of a token is a more complex combination of factors.

The bull market will end in the fourth quarter of 2025.

Market cycles are difficult to predict accurately. Blindly following this consensus may lead to missing important investment opportunities. Investors should remain flexible and adjust their strategies as needed.

The fragmentation of Ethereum L2 user experience will continue to exist.

With the advancement of technology and the emergence of innovative solutions, the user experience in the Ethereum ecosystem is likely to be significantly improved. Innovations such as the "Fat Wallet" concept may address current pain points.

NFT is dead

Although the NFT market has experienced a downturn, new application scenarios and technological innovations may bring new vitality to NFTs. NFTs still have great potential in areas such as digital identity and copyright protection.

Conclusion

Distinguishing between obvious and less obvious truths and lies helps investors and entrepreneurs make more informed decisions in the Crypto Assets market. It is important to maintain an open and critical mindset, continuously challenging established ideas, and seeking innovations and opportunities that truly have long-term value.