Zhu Su's Risk Management Advice: Don't Get Liquidated in a Supercycle Three Arrows Capital co-founder Zhu Su shared in a February 2021 interview on the UpOnly podcast that 'risk management is extremely important—don’t get liquidated in a supercycle.' He further elaborated on the supercycle narrative using the analogy of 'Bitcoin mirroring 5x the market cap of gold': if Bitcoin reaches a market cap of $50 trillion or even $100 trillion, the price per coin could hit $2.5 million, claiming there’s no need to time the market. Ironically, not long after his 'don’t get liquidated' risk management lesson, 3AC collapsed, leaving behind approximately $3.5 billion in debt, and Zhu himself faced potential jail time. This incident became a textbook example of risk management failures in the last cycle. Source: UpOnly Podcast