Huobi HTX venture capital head Alec Goh: The market needs to return to fundamentals, AI agents may trigger the next round of growth
ChainCatcher news, on October 29, Alec Goh, head of Huobi HTX Venture Capital, was invited to attend the Blockchain Life 2025 conference in Dubai and participated in a roundtable forum themed "Crypto Market 2025: New Growth or Continued Stagnation?"In his speech, Alec stated that the October 11 black swan event exposed the structural vulnerabilities of the crypto market, including weak liquidity, over-leveraging by retail investors, and reliance on a few large market makers. The automatic deleveraging mechanism of exchanges triggered a chain reaction during the event, further deteriorating market depth. Alec believes that the current market is in a "consolidation period after speculation," similar to 2016 or 2019, where market enthusiasm has cooled, but builders are quietly accumulating market share. To regain retail investors' trust in the market, the industry must return to fundamentals: more stable liquidity design, stronger security systems, and higher quality projects.Regarding future trends, Alec believes that the combination of AI and blockchain is entering a construction cycle, similar to the DeFi phase in 2018. In the next 2-3 years, we may see AI agents directly interacting with smart contracts, and 'Initial Model Offerings (IMO)' becoming a new financing method, which could be the starting point of the next big wave.Finally, Alec introduced that Huobi HTX Venture Capital is currently focusing on projects that make blockchain "more user-friendly and practical," such as DeFi, infrastructure, AI agents, and RWA tokenization, aiming to promote the evolution of blockchain from a "technical tool" to mainstream financial and technological infrastructure.