Mike Cai, former Chairman of Chinese Photo Editing app, Meitu, and angel investor that focuses on Web 3 & digital assets, says bitcoin can hit 1.1M USD within a decade. He sees application layer as the next frontier in AI, instead of large language models (LLMs), for competition in technological advancements globally. He talks about his plans to set up an AI focused hub for startups and entrepreneurs in Hong Kong. He speaks with Annabelle Droulers at BEYOND Expo in Macau.