$FIL The initial takeoff was due to the concept emerging just as the bull market began, which inflated the price to an unsustainable level, all of it being a bubble. Now that the price has dropped, it's merely the bubble bursting. Moreover, in the short term, decentralized storage has not yet achieved breakthroughs in practical applications, which is why the FIL price has encountered a significant decline.
However, in the previous market cycle, FIL had already firmly established itself as the leader in the decentralized storage sector. In the long run, the storage track is undoubtedly essential.
Currently, both China and the United States are vigorously developing AI. To engage in AI, besides having solid technological strength, there are two key factors: energy and computing power. The current situation is that China faces a chip shortage and insufficient computing power, leading to a lag behind the United States in the AI field; on the other hand, the U.S. has an excess of computing power but lacks energy. If this issue is not resolved, it will eventually be surpassed by China. This is also the reason why Trump designated AI as a future strategic goal for the U.S., and why Musk is launching photovoltaics on Starlink, intending to tap into space power.
In fact, the lack of computing power in China and the lack of electricity in the U.S. are only temporary. Once both sides overcome these challenges, they will face new challenges, such as insufficient storage. The core of AI is large models; the more complete the large models are, and the more knowledge is inputted, the more powerful AI becomes. Jack Ma is desperately promoting Alibaba Cloud because he sees that as AI develops further, storage will definitely become insufficient.
Cryptocurrency and AI fundamentally rely on computing power. Moreover, cryptocurrency and AI do not conflict; there are also AI tracks in the cryptocurrency field, such as TAO. The current TAO, like AI in reality, is still in the conceptual stage and has not yet been implemented. However, as long as Musk and others make breakthroughs in the AI field and successfully usher in the AI era, the blockchain field will inevitably upgrade from web3 to web4. And web4 will definitely be an AI-dominated world, so regardless of the circumstances, storage will certainly be necessary, and FIL will become essential.
Then why is it FIL and not AR? The reason is simple: FIL is cloud storage, a more grand concept with a broader market and larger capacity, comparable to Alibaba Cloud, which is a trillion-level market. This does not mean AR is not viable; both AR and FIL are equally important. AR is actual storage with relatively smaller capacity. Although it cannot accommodate a trillion-level market, it is also indispensable.
As long as AI is the future direction of development, both FIL and AR are essential, and they will definitely take off in the future.
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