🔥 Dragonfly partner Haseeb Qureshi mentioned in a YouTube interview: BTC is a generational asset, bullish on ETH and SOL!

Despite the current crypto bear market downturn and many OGs exiting, it is crucial to stick to long-term beliefs and avoid recency bias. Crypto is essentially technology, and its value stems from growth narratives and generational wealth transfer, not current cash flow.

BTC: Generational Asset
Bitcoin is independent of cash flow, relying on social consensus and fixed supply like gold. The younger generation has a strong willingness to hold it, making it a true "digital gold." Institutional adoption is still in its early stages (e.g., Morgan Stanley just began allowing recommendations), but in the long run, it will drive generational inheritance.

ETH & SOL: Growth Narrative Driven
The market prices based on "future scale potential," with low sensitivity to cash flow but high sensitivity to exponential growth. Similar to early-stage internet bubble assets, Hyperliquid is a rare case that combines narrative + real cash flow (derivatives expansion), with explosive potential.

Investment Philosophy:
- Avoid short-term greed, learn "long-term greed." VC lock-up mechanisms help overcome the urge to sell.
- Silicon Valley model core: celebrate failure, high trust, free flow of talent. China and Israel are among the few successful replicators. Crypto has passed the "Wild West" stage; now it's the era of "settlers" building, rather than "pioneers" chasing extreme uncertainty.
- It's normal for talent and capital to flow to AI, but crypto still has exponential growth space. The scale 10 years from now will far exceed today, and those who persist in building will win.
When the market is down, pessimism is often overrated. More people exited after FTX, but we are still in the "building and expanding" phase. Dragonfly's secret: work harder than others!

As a seasoned investor, long-term holding + conviction-driven is the way to go.