Whenever news comes that Buffett is holding a historical high in cash, the market always stirs a wave of panic. But dear friends, have you ever thought—this 91-year-old investment master holding $167 billion in cash is fundamentally different from us ordinary investors who are completely exiting the market.
In the eight years I've been in the cryptocurrency space, I have witnessed Bitcoin fall over 80% during two major bear markets. Now the market is once again in a state of anxiety, and many are worried that we will repeat the fate of the 2000 internet bubble. But please see a key difference: the total scale of the current AI field is actually far less than that of the internet bubble back then, while the market value of leaders like Nvidia has already surpassed the entire cryptocurrency market - this precisely indicates that crypto assets are still in the early stages of value discovery.
More importantly, we are in a macro environment of interest rate cuts. History tells us that each deep squat of quality assets in such a macro context is to jump higher. That's why I always insist: it's okay to reduce holdings in altcoins, but one must definitely keep hold of core assets like Bitcoin and Ethereum.
Speaking of this, I have to mention a true story. I know several old players who sold off their Bitcoin in 2017, thinking they successfully escaped the peak. Seven years later, the price of Bitcoin has multiplied compared to that year, and they can no longer buy back the same amount they once had. Human nature is so wonderful: those who once bought Bitcoin for a few hundred dollars will always feel that Bitcoin priced at over ten thousand dollars is "too expensive."
Even if someone sells at 70,000 and buys back at 68,000, seemingly making a 2,000 dollar profit, this small gain pales in comparison to the long-term appreciation missed. More importantly, such operations entail significant risks of missing out and psychological pressure.
For most ordinary people, the most reliable way to accumulate wealth is actually: to create a stable cash flow through one's primary job, treating quality assets like Bitcoin as "digital gold savings." Whenever the market experiences irrational declines, one should firmly increase their holdings. Believe that these assets can outperform inflation in the long run and that this market is still in its early growth stage.
Remember Buffett's famous saying: "The pessimists are often correct, but the optimists are often successful." In the emerging field of the crypto market, looking at investments with a 5-8 year perspective can help avoid short-term noise and capture the real trends.
Follow Qijie, and let us use patience and wisdom to navigate the market cycles together. In this new era full of opportunities, being present in the market is more important than precise timing!
