Liquid Capital founder Yi Lihua stated in a Binance Square livestream that the investors he encounters can be divided into several categories: one is the more "institutionalized" crypto VCs, whose research reports and frameworks seem complete, but lack a stable profit model after the trend fades, leading to significant survival pressure; another category consists of investors who specialize in specific sectors, possess professional barriers, and can generate stable cash flow; the third category comprises individuals from traditional finance who are more restrained in their circle of competence, often avoiding chasing trends and focusing on core asset allocation in the long term. He also shared a case study, mentioning that in 2018 he advised a traditional investor to allocate approximately 5% of their assets to BTC, which the investor held long-term without participating in altcoin trading, and subsequently, the proportion of this asset allocation increased significantly over time.