Zhu Su: The market generally views Bitcoin as digital gold, but holds a highly skeptical attitude towards the encryption technology narrative and encryption venture capital.

BlockBeats News, March 29: Co-Founder of Three Arrows Capital, Zhu Su, shared his observations in Hong Kong on social media:

· NFTs were not mentioned at all at the Basel Art Show, and meme coins were also not discussed.

· Investment banks are now vigorously promoting the China Resurgence in Technology narrative, involving DeepTech, valuation gaps, and the wave of innovation. There is a large scale of Southbound capital flow, and the price of mainboard shell companies has risen to around 200 million Hong Kong dollars.

· Family offices are closely watching Saylor and considering whether there is a need to convert their companies.

· The market's belief in BTC as digital gold is very strong, but there is generally a high degree of skepticism towards the narrative of crypto technology and crypto venture capital. Some are also interested in regulated custody and trading platform models.