Deng Tong, Golden Finance In 2025, AI Agents, stablecoins, and others have sparked widespread discussion, and the recent fluctuations in the cryptocurrency market have attracted general attention. In this context, Jinse Finance invited an independent researcher from Harvard University, a member of the American National Academy of AI Sciences, and the first angel investor of ELA for an exclusive interview. Han Feng discussed how this round of the crypto cycle differs from previous ones, which sectors of the crypto narrative will see an explosion in the future, talked about market trends, and introduced the Bitcoin stablecoin BTCD. Han Feng pointed out: This cycle is substantially different from previous cycles. BTC has truly entered the ranks of mainstream assets, displaying the rise and fall patterns of mainstream assets. I am more optimistic about the future narrative of AI Agents. Only after the combination of crypto assets and AI agents can the economic value created by Satoshi Nakamoto truly be realized. A true stablecoin should be like BTC, not reliant on traditional financial systems.