Former Google bigwig cuts losses and exits—the term “liquidity crisis” sounds familiar. Long-term optimism, but not able to hold up in the short term; a classic retail-investor script, for sure.

CoinWorldNews: In his latest YouTube video, former Google technical lead Patrick Shyu announced that he has sold his entire cryptocurrency investment portfolio and said he suffered a significant financial loss. He mentioned that Bitcoin has recently broken through the key threshold of $60,000, and noted that the market’s downward trend caught him off guard. Shyu also warned that current market liquidity may not be sufficient to support all investors’ exits, and pointed out that the economic sustainability of miners is under threat. Despite this, he remains optimistic about Bitcoin’s long-term prospects, believing that Bitcoin is rediscovered in every cycle.