There are only 3 paths to investing in crypto in 2026: 1. Dollar-cost averaging in BTC, only buy when the price is low. 2. If Jeff can go to jail in the US and the potential regulatory risks are eliminated, then it's okay to buy some HYPE stocks. Don't buy them unless Jeff goes to jail. 3. Avoid on-chain financial management, avoid large-scale lending on exchanges, and avoid Altcoin. For investors with a certain level of capital, the remaining odds suggest that this year will likely be less certain than the stock market.

I don't have any personal opinions about Jeff and HYPE. I also think it's a good product, but that doesn't mean it's a good investment under these circumstances, similar to Buffett's Cuban stocks. HYPE fans who disagree can explain why HYPE is unlikely to be regulated; I genuinely don't understand. Whether it's the US, Europe, Japan, South Korea, or other exchange owners, they could all cause him trouble. The best-case scenario, of course, is that he goes to jail in the US, exposing the biggest risk factor.

It's reasonable, but you'll get flamed to smithereens by hyperpersists.