#孙哥 This latest interview with Brother Sun is so much better than the previous one with the “Godfather of Lean Muscle”—by an incredible margin! It’s packed with investment insights and absolutely worth watching 👇👇
1. He’s definitely not blindly bullish on BTC
Advances in AI algorithms and the possibility that Q-Day could arrive sooner than expected pose a risk: large amounts of dormant coins, including Satoshi’s coins, cannot be upgraded by their owners. The community is highly decentralized, making consensus difficult to reach, so there’s a risk of selling pressure involving millions of coins.
2. He significantly reduced his ETH holdings between $3,600 and $4,000
ETH formed a classic double-top pattern and depends on ETFs and outside support to stay afloat, showing clear signs of vulnerability. He has cut most of his position, kept a core holding, and has not noticeably bought back in so far.
3. Most of the proceeds from those sales went into U.S. stocks
This wasn’t rotation within crypto, but a shift in the risk-reward balance between different asset classes. At the time, he had more confidence in capital concentrating in U.S. stocks.
4. Slightly bearish on the Nasdaq in the medium term, but not shorting it
Capital is overly concentrated in AI software and hardware, valuations are high, and U.S. Treasuries have been “drained” by equities. The market structure is fragile, but it’s not yet at the point of an imminent crash.
5. Most cautious about the AI hardware chain (memory, optical modules, etc.)
Because investors can’t see clear applications yet, they’re crowding into assets perceived as dependable. Hardware is being valued like software, raising the possibility of a glut like the fiber-optic boom of 2000.
6. The real AI opportunity is in applications, especially health management
He’s bullish on a closed loop combining data collection (consumer devices and hospitals), AI-driven decisions, and a second opinion from experts. The focus is on proactive health management rather than waiting until you get sick to see a doctor. There’s considerable room for the industry to evolve.
7. Hyperliquid is an important discovery this cycle
Its model sits between CEXs and DEXs, and perpetual futures on U.S. stocks have opened up new possibilities. Its future will depend on whether regulators grant it an exemption similar to Uniswap’s.
8. There’s huge potential for bringing RWAs on-chain
Tron plans to bring high-quality assets such as U.S. stocks on-chain. USDT has already addressed the need to “hold dollars”; this could also meet the demand among users in non-dollar regions to hold financial assets such as U.S. stocks.
9. Overall positioning: keep core holdings, trim crowded assets, and wait for new narratives
Keep a core BTC holding, sharply reduce ETH, and increase exposure to U.S. stocks. Meanwhile, keep an eye on AI applications and RWAs, rather than stubbornly holding assets that are overcrowded or have weakening narratives.
10. Quantum risk isn’t just a crypto issue
The cryptographic foundations of the entire internet—including certificates, banks, and exchanges—could be affected. This is a systemic challenge on the scale of the “Year 2000 problem,” so preparations for isolation and backups need to be made in advance.
1. He’s definitely not blindly bullish on BTC
Advances in AI algorithms and the possibility that Q-Day could arrive sooner than expected pose a risk: large amounts of dormant coins, including Satoshi’s coins, cannot be upgraded by their owners. The community is highly decentralized, making consensus difficult to reach, so there’s a risk of selling pressure involving millions of coins.
2. He significantly reduced his ETH holdings between $3,600 and $4,000
ETH formed a classic double-top pattern and depends on ETFs and outside support to stay afloat, showing clear signs of vulnerability. He has cut most of his position, kept a core holding, and has not noticeably bought back in so far.
3. Most of the proceeds from those sales went into U.S. stocks
This wasn’t rotation within crypto, but a shift in the risk-reward balance between different asset classes. At the time, he had more confidence in capital concentrating in U.S. stocks.
4. Slightly bearish on the Nasdaq in the medium term, but not shorting it
Capital is overly concentrated in AI software and hardware, valuations are high, and U.S. Treasuries have been “drained” by equities. The market structure is fragile, but it’s not yet at the point of an imminent crash.
5. Most cautious about the AI hardware chain (memory, optical modules, etc.)
Because investors can’t see clear applications yet, they’re crowding into assets perceived as dependable. Hardware is being valued like software, raising the possibility of a glut like the fiber-optic boom of 2000.
6. The real AI opportunity is in applications, especially health management
He’s bullish on a closed loop combining data collection (consumer devices and hospitals), AI-driven decisions, and a second opinion from experts. The focus is on proactive health management rather than waiting until you get sick to see a doctor. There’s considerable room for the industry to evolve.
7. Hyperliquid is an important discovery this cycle
Its model sits between CEXs and DEXs, and perpetual futures on U.S. stocks have opened up new possibilities. Its future will depend on whether regulators grant it an exemption similar to Uniswap’s.
8. There’s huge potential for bringing RWAs on-chain
Tron plans to bring high-quality assets such as U.S. stocks on-chain. USDT has already addressed the need to “hold dollars”; this could also meet the demand among users in non-dollar regions to hold financial assets such as U.S. stocks.
9. Overall positioning: keep core holdings, trim crowded assets, and wait for new narratives
Keep a core BTC holding, sharply reduce ETH, and increase exposure to U.S. stocks. Meanwhile, keep an eye on AI applications and RWAs, rather than stubbornly holding assets that are overcrowded or have weakening narratives.
10. Quantum risk isn’t just a crypto issue
The cryptographic foundations of the entire internet—including certificates, banks, and exchanges—could be affected. This is a systemic challenge on the scale of the “Year 2000 problem,” so preparations for isolation and backups need to be made in advance.