Everyone is calculating how much SAFU has made by buying the dip, but Zhao Changpeng first called it “luck.”
What’s being overlooked is the weight of that statement. SAFU bought $1 billion worth of Bitcoin at an average price of $66,666.66, and is now sitting on $270 million in unrealized gains. The person behind the move called it luck, effectively taking “perfectly timing the bottom” out of the equation—it wasn’t a market-timing strategy others can simply copy.
If SAFU later publicly makes another clearly timed move and nails the bottom again, then “luck” won’t hold up.
#OddsOfFedRateHikeInOctoberFallTo17%
What’s being overlooked is the weight of that statement. SAFU bought $1 billion worth of Bitcoin at an average price of $66,666.66, and is now sitting on $270 million in unrealized gains. The person behind the move called it luck, effectively taking “perfectly timing the bottom” out of the equation—it wasn’t a market-timing strategy others can simply copy.
If SAFU later publicly makes another clearly timed move and nails the bottom again, then “luck” won’t hold up.
#OddsOfFedRateHikeInOctoberFallTo17%
