In a recent high-profile AMA, a senior executive from a leading exchange went all out, covering everything from Bitcoin bull markets to meme coin traps, and essential knowledge for beginners—full of valuable insights. Let's break down these key points one by one.

**Bitcoin breaking $200,000 is inevitable; the only question is when**

This executive's view is straightforward: Bitcoin reaching $200,000 is "only a matter of time," with the difference being when it will happen, not whether it can. For spot holders, the simplest strategy is to hold steady and maintain a long-term mindset. Short-term fluctuations shouldn't be overreacted to; historical data has already proven the value of patience.

**The truth behind the meme coin craze requires vigilance**

Interestingly, this executive explicitly stated: no one should blindly follow the trend of issuing meme coins just because of social media statements from him or other well-known figures. These projects lack transparency and have a very low success rate. More alarming is the data showing that over 90% of meme coins will eventually go to zero. This is not alarmism but a pattern observed in history. Early participants must understand that high returns are always accompanied by high risks, and everyone is responsible for their own choices.

**Altcoin season will come, but there's no need to rush**

Regarding the most concerned issue for altcoin holders—when will altcoin season erupt? The executive admitted: the market "will arrive sooner or later," but predicting the exact timing, duration, and which coins will lead the rally is impossible for anyone. Instead of obsessing over timing, it's better to focus on project research and risk management. Chasing gains blindly is always a trap for beginners.

**The golden rule for beginners entering the market: start small and avoid leverage**

Here's the most practical advice—start learning with an amount you can afford to lose. This senior official strongly discourages beginners from trading futures and options; leverage trading is for experts. Ordinary investors should first solidify their spot trading foundation. Learning costs should be paid with small money; don't use life savings to pay tuition.

**The long-term potential of ecosystem assets is worth paying attention to**

When discussing a certain public chain's ecosystem tokens, this executive expressed optimism about their long-term prospects. The ecosystem is large and stable, with many builders actively contributing. Such sustained development efforts often translate into long-term returns. A thriving ecosystem itself is the best bullish signal.

**Meme coins that truly survive need cultural support**

What is the survival rule for meme coins? They must have genuine historical accumulation or strong cultural memes backing them. Without these, the project is just a castle in the air. Although this executive no longer dreams of getting rich quick through meme coins, he still hopes to see community ecosystems like some well-known meme coins grow healthily. Seeing creative innovations related to these concepts during the Year of the Horse reflects community vitality.

**The difficulty of integrating crypto trading into social platforms**

The final point involves the integration of crypto trading into social platforms. The executive pointed out that the underlying logic of the two is completely different. Integrating crypto trading features into social platforms faces inherent obstacles—most exchange users have already completed KYC, and implementing such processes within a social ecosystem is very challenging. This may be the fundamental reason why large-scale adoption of such integrations has been delayed.

Overall, this conversation covers market observations, risk warnings, and practical advice in a comprehensive picture. Whether you're a beginner or a veteran, the core logic is worth pondering carefully.