🔥 Mitra Dragonfly's Haseeb Qureshi mentioned in a YouTube interview: BTC is a generational asset, optimistic about ETH & SOL!

Although the crypto market is bearish and many OGs are exiting, it's important to stick to long-term conviction and avoid recency bias. Crypto is fundamentally a technology, its value comes from growth narratives and intergenerational wealth transfer, not current cash flows.

BTC: Generational Asset
Bitcoin is independent of cash flows, like gold which relies on social consensus and fixed supply. The younger generation has a strong desire to hold it; this is true "digital gold." Institutional adoption is still early (e.g., Morgan Stanley only recently allowed recommendations), but in the long run it will drive generational legacy.

ETH & SOL: Driven by Growth Narratives
The market values based on "future scale potential," with low sensitivity to cash flows but very sensitive to exponential growth. Similar to early internet bubble assets, Hyperliquid is a rare case combining narrative + real cash flows (derivatives expansion), possessing explosive potential.

Investment Philosophy:
- Avoid short-term greed, learn "long-term greed." VC lock-up mechanisms help resist the urge to sell.
- Core of the Silicon Valley model: celebrating failure, high trust, free flow of talent. China and Israel are among the few countries that have successfully replicated it. Crypto has passed the "wild west" phase; it's now an era of building by "settlers," not "pioneers" chasing extreme uncertainty.
- The flow of talent and capital to AI is normal, but crypto still has room for exponential growth. Ten years from now its size will be far larger than today; builders who endure will win.

When the market is down, pessimism is often overvalued. More people left after FTX, but we are still in the "building and expanding" stage. Dragonfly's secret: work harder than others!

As a long-term investor, long-term holding + conviction is key.