A crypto venture capitalist, BruceLLBlue, has shared insights from his three-year journey in the industry, revealing a loss of tens of millions. From August 2022 to July 2025, he completed over 55 direct investments and allocated funds to nine different ventures. Of these, 14 investments were identified as rug pulls, 28 resulted in losses, and 15 went to zero, with NFT projects nearly all failing. BruceLLBlue emphasized the importance of hedging and liquidity management in the current accelerated institutionalization cycle. He highlighted the critical role of exit strategies in navigating the volatile crypto market.