Bitcoin mining farms — AI data centers

Exchanges — API hubs
Crypto KOLs — AI influencers

In the early days of the crypto world, those who made big money weren’t just the people buying coins; it was also the mining farms, exchanges, and KOLs. Mining farms sell infrastructure, exchanges lock in trading access, and KOLs benefit from traffic dividends. The most valuable parts are often not the most lively stories, but the positions within the ecosystem that can repeatedly generate revenue.

AI is now developing a similar structure. Data centers are like mining farms, API relay layers resemble exchanges, and AI influencers are akin to crypto KOLs. Many focus on models and trending products, but the ones who truly profit early on may not be limited to just the product layer.

This is also why most people misunderstand AI. What you see is the excitement; what others take away are the position dividends. The earlier the stage, the less you should focus only on what’s hottest, and more on which layer can sustain ongoing revenue.

But AI, like early crypto, not only signals big opportunities but also big bubbles. Opportunities, rapid surges, reshuffling, and淘汰 (elimination) often occur together. If you only see the fantasy of getting rich quickly without recognizing the volatility and reordering, your judgment will be distorted.

Therefore, the more important question isn’t “Should I jump into AI,” but rather, if AI truly resembles early crypto, are you seeing the excitement, or the position?