Dr Li Xiaofan, Assistant Professor at NUS researching cryptocurrency and cybersecurity, highlights the challenges of the crypto sector despite its technological potential. He notes that while some use cases exist, rampant speculation and short-term profit motives often overshadow genuine technological development.
Reflecting on past experiences, Dr Li observes that many students drawn to crypto careers are initially excited to work on systems and innovation, only to find that client acquisition and financial gains take precedence. He also points out that the lack of global regulations and the allure of quick returns—exemplified by the 2017 ICO boom—can hinder the industry’s long-term development.
Dr Li’s insights underscore the importance of informed engagement with crypto, balancing enthusiasm with critical awareness.