Andrew Kang: Torrent market cap will bottom out around 2025, next wave will be driven by AI-related tokens

Andrew Kang, co-founder and partner at crypto venture capital firm Mechanism Capital, said in a social media post that the market capitalization of torrents (and ETH) should be hitting new highs in the new cycle. But it's becoming increasingly clear that this isn't the case, and we're likely in the middle of the euthanasia rollercoaster that many are on. Even if Bitcoin hits new highs, it doesn't mean that the torrents will follow. This is the first cycle in which the market capitalization of torrents has hit lower highs. Torrents will bottom out around 2025, and the next wave will be driven by tokens associated with decentralized AI infrastructure.AGI will require unstoppable communication, value transfer, training, computation/reasoning, energy markets, and data storage tracks.