《Considering Full Investment in Early April》 The following content was shared in a personal small group in early April when Bitcoin was over 70,000. It was a response to a group member's question: "Is full investment a gamble on a subsequent bull market?" Two points are particularly important: 1. Personally, I believe "the risk of holding fiat currency is higher than holding quality assets." This point resonates more today as ETH continues to surge. 2. At that time, aside from this perspective, I also provided some of my judgment logic, specifically: 1. This wave of decline was mainly due to tariffs, but tariffs followed the expected script. That is, Trump tends to start with the harshest stance and then negotiate, aiming for mutual benefit. Therefore, I felt that whether Trump himself softened or refused to, the Federal Reserve would be forced to cut interest rates. 2. Even if the first point above is entirely wrong and the Nasdaq continues to drop by 20%, holding quality assets and enduring some decline is not a big deal—it's something one gets used to. 3. This is why I haven't been paying much attention to memes or junk altcoins recently. My focus has been entirely on the most important matters, specifically researching what constitutes a good asset. 4. My current portfolio is evenly distributed across A-shares, U.S. stocks, Hong Kong stocks, and the crypto market, with different types of assets, including even Moutai, which is essentially unaffected by tariffs. Overall, I personally have no major concerns. ** Earning money wisely brings a lot of dopamine, especially when holding assets that have risen significantly, including BTC, HYPE, ENA, ETH, SOL, etc.