Yi He: Early Chinese Holders Once Held About 90% of Bitcoin, Emphasizing the Importance of Long-Term Value Investing to Ignore Short-Term Volatility

BlockBeats News, April 27th, Liquid Capital (formerly LD Capital) founder Richard Li revealed in a social media post that, according to a conversation with an early miner, in the early days, about 90% of the BTC holders in China (of the circulating supply) could not hold on due to the high volatility. Currently, most of the BTC has flowed into gray channels and institutional hands, making it difficult for regular people to hold. Those who bought BTC for a few dollars and sold when it 10x-ed basically cashed out. If it surged to over $10,000, those who didn't sell are either "crazy," incredibly wealthy, or are involuntarily holding due to being trapped, such as in prison. From a long-term investment perspective, both Duan Yongping and Warren Buffett's value investment philosophy is correct. Only by recognizing the long-term value of assets can one ignore the short- to medium-term fluctuations.