PANews reported on January 19th, citing CoinDesk, that Yat Siu, co-founder and executive chairman of Animoca Brands, stated that the crypto market's excessive expectations for Trump's re-election in 2025 have failed to materialize, marking the end of the "politically driven" phase. The future will be driven by infrastructure, regulation, and real users. Siu pointed out that institutional capital has pushed Bitcoin towards a gold-like reserve asset status, forcing altcoins to prove their practical utility; AI and crypto are rapidly converging, and Hong Kong is poised to become a key global hub. He stated, "Crypto is essentially a natural asset class proxies for AI."