On February 3rd, Zhu Su of Three Arrows Capital wrote that the exit of Bitcoin OGs (veteran investors) from the market is not as pessimistic as it sounds. In fact, OGs have been exiting since Bitcoin's early days. Every token distribution has strengthened Bitcoin's long-term health and monetary value.

If Bitcoin relied solely on individual purchases or holdings, it would have disappeared long ago. Saylor from Strategy is the same; he is just a figurehead. The real Bitcoin risk exposure for Strategy is actually borne by MSTR investors.

It is worth noting that Zhu Su has been silent since the end of September last year, but has become active again since the end of January this year. Yesterday, he also commented on the ETH loss incident involving Yi Li Hua and 1011 Insider Whale Investors, stating "They sold at the top out of confidence and re-entered too early, leading to investment losses."