Do you remember the stock market crash that year? The market hit the limit down for nine consecutive days, and by the end of trading, investors were in tears. Some extreme individuals even reached the brink of despair. At that time, CCTV was broadcasting all kinds of bizarre news, which now seems quite ironic in retrospect.

Recently, I saw discussions about the differences between the crypto world and the stock market, and it suddenly reminded me of that period in history. They say that in the crypto space, assets like Bitcoin, Ethereum, Solana, and Binance Coin can make money just by holding without doing anything. Currently, Bitcoin is over 67K, and Ethereum is over 2K. These leading assets have indeed gone through multiple cycles, and those who held on have made profits.

What about the stock market? How many stocks can you just hold and not worry? There are tons of delisted stocks and ST (special treatment) stocks—one wrong move and you could hit a mine. It’s like walking through a pile of manure at night; it’s hard not to step in it. As an experienced investor, I’ve seen this clearly a long time ago. Compared to that, although the crypto market is volatile, the logic behind the top assets is relatively clear. The market responds to actual technological and application prospects, not to various financial black holes.

So I decisively exited the stock market. Now, I’m more optimistic about the crypto space, especially the mainstream assets that have been tested through multiple cycles. This isn’t to say the stock market is bad, but for long-term holders, the mechanisms in the crypto world are designed to be more reasonable.