Yi Lihua: Early Chinese Bitcoin holders once held about 90% of the Bitcoin, practicing long-term value investing to ignore short-term fluctuations

Golden Finance reports that on April 27th, Liquid Capital (formerly LD Capital) founder Yi Lihua posted on social media that he had chatted with early miners and learned that, at that time, Chinese holders accounted for about 90% (circulating supply) of BTC, but due to high volatility, most people couldn’t hold on. Now, most BTC flows into illicit activities and institutional hands, normal people can’t hold on. Buying BTC at a few tens of dollars and selling after it rises tenfold is common; when it rises a hundred times to over ten thousand dollars, those who don’t sell are either “crazy,” truly not short of money, or trapped in prison with locked positions. Looking at the long-term investment cycle, value investing by Duan Yongping and Warren Buffett is correct; long-term recognition of valuable assets allows ignoring short- and medium-term fluctuations.