Traditional Capital to Follow On-Chain Value, Says Neo Co-Founder Da Hongfei

Neo co-founder Da Hongfei believes that traditional capital will eventually find its way into on-chain value, despite concerns that a SpaceX IPO could draw liquidity away from the cryptocurrency market.

In a recent post on X, Da Hongfei acknowledged that infrastructure sectors such as AI, computing, and decentralized storage are currently attracting significant attention from investors. However, he argued that this is a natural phase of market development, and once the necessary pathways are established between traditional finance and decentralized ecosystems, capital will move in both directions.

Da Hongfei emphasized that despite its early-stage status, the cryptocurrency industry remains one of the fastest-growing sectors in modern economic history. He noted that its most significant innovations have yet to emerge, implying that current market jitters over liquidity shifts may be short-sighted.