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2025 Summary
This year is the first year of investing in US and Hong Kong stocks on Longbridge; time flies, daily work is busy, overall it's spent according to the HSD release cycle, no time to think about US stock investment as a whole; taking advantage of the holiday to reflect on the investment logic of 2025, what was done right this year, cleared positions at 99k in February 2025, mainly based on: BTC ETFs will seize pricing power in the future, once the pricing power shifts from exchanges and mining farms, the volatility logic of Bitcoin will converge with that of US stocks, the value of circulating BTC and the scale of blockchain derivatives behind it are already too large...



