#加密市场行情走势 The bear market has really pushed the big players in the crypto world to their limits. Last week's gathering in Abu Dhabi featured figures from Saylor to Zhao Changpeng, all taking turns to showcase their presence, almost as if writing the future of Bitcoin on their faces. Sovereign wealth funds worth $330 billion were there, enjoying yacht parties and beach clubs—looking quite glamorous, but honestly—this is just a sign of lacking funds.

Trump's crypto policies didn't cause any waves, the US stock market remains high, but Bitcoin faltered in October, and when the market clears, everyone gets panicked. With policies here facing setbacks, capital inevitably flows outward. The UAE is riding the trend and now clearly aims to become the "New Wall Street of the crypto world."

But here's the interesting part—those teams parachuting in to quickly grab money have all fallen into traps. Locals are straightforward: we don't want partnerships that come and go; we need genuine local commitments and years of relationship building. RockawayX serves as a lesson learned—initially a cautionary tale, now a positive example—by establishing roots in the UAE as an incubation center, they were eventually acquired by local investors.

It seems that burning money isn't the hardest part; the real challenge is understanding the game rules—capital is pragmatic. If you want to attract funds, you first need to prove your determination to stay.