Yi Lihua: Early Chinese Bitcoin holders once held about 90% of Bitcoin; practicing long-term value investing allows one to ignore short-term fluctuations.

BlockBeats News, April 27 — Liquid Capital (formerly LD Capital) founder Yi Lihua posted on social media that after chatting with early miners, he learned that in that year, 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, or even a hundredfold 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. In the long-term view of investment, the value investing principles of Zhang Yongping and Warren Buffett are correct; long-term recognition of valuable assets allows ignoring short- and medium-term fluctuations.