ZhuSu: The market generally believes that Bitcoin is digital gold, but is highly skeptical of crypto technology and crypto venture capital

avatar
MarsBit
03-29
This article is machine translated
Show original
Mars Finance News, on March 29, the founder of Three Arrows Capital, ZhuSu, shared his observations in Hong Kong on social media: · At the Basel Art Exhibition, no one mentioned Non-Fungible Tokens, and no one mentioned meme coins. · Investment banks are now strongly promoting the narrative of China's technological recovery, involving DeepSeek, valuation gaps, and innovation waves. The scale of southbound capital flow is massive, with the price of mainboard shell companies rebounding to around 200 million Hong Kong dollars. · Family offices are closely monitoring Saylor and considering whether there is a need to convert their own companies. · The market has a very firm belief that BTC is digital gold, but generally holds a high degree of skepticism towards crypto technology narratives and crypto venture capital. Some are also interested in regulated custody and trading platform models.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo