Yi Lihua: Chinese coin holders used to hold about 90% of Bitcoin in the early days, and only by practicing long-term value investing can they ignore short-term fluctuations According to a report by Golden Finance, on April 27th, Yi Lihua, founder of Liquid Capital (formerly LD Capital), posted on social media that he learned from conversations with early miners that Chinese coin holders accounted for about 90% (circulating supply) of BTC that year, but due to the high volatility, most people couldn't hold onto it. Most of BTC is now flowing into the hands of gray industries and institutions, which normal people cannot hold. Buying BTC for a few tens of dollars, selling it at 10 times the price, and selling it at over 10000 dollars at 100 times the price. Those who don't run are either "crazy", really not short of money, or passively locked up in prison. Looking at investment in the long term, Duan Yongping and Buffett's value investing is correct. Only by recognizing valuable assets in the long term can we ignore short-term fluctuations.