TBW2025》Bitcoin "300x Leverage Strategy" Berserker Appears! The bull run hasn't peaked yet, and everyone is not optimistic enough..

TBW 2025 attracted the attention of a large number of community members, and the afternoon detonated a very fierce collision of ideas, how does the crypto native community view the border between crypto and traditional finance? (Synopsis: TBW2025" Exchanger Forum! When will Taiwan open contract trading and stablecoin payment? The government cannot sit idly by and do things) (Background supplement: TBW2025 Google, AMD certification “AI+Web3” is too important: chip computing needs blockchain to upgrade trust) Taipei Blockchain Week 2025 A conversation titled “The Collision and Convergence of Cryptocurrencies and the Current Financial System” attracted the attention of the audience. It brings together traditional financial thinking and crypto-native perspectives from both sides of the strait, stimulating an in-depth debate on asset allocation, risk management and future trends. Moderators are Jen Lee, Senior Growth, Bitget Wallet; The sharing experts include well-known crypto researcher PhyrexNi (Ni teacher), CryptoWesearch Founder, Alvin, Fenix Hsu, CEO of Teahouse Finance, and the familiar Chill blockchain of Taiwanese friends, Brain Brother. Let's take a look at what happened in this panel? The rule of survival: escort bitcoin with US bonds and gold In the face of the raw volatility curve of cryptocurrencies, how should investors deal with themselves? Data analytics expert PhyrexNi proposes a robust “guard and hedge” strategy. He pointed out that the current global economy is facing downside risks, Fed Chairman Jerome Powell's speech in Jackson Hole, weak non-farm payrolls data all predict uncertainty. In this macro context, simply holding risky assets such as Bitcoin is like swimming naked in a storm. “We should think, what asset can protect us when bitcoin falls?” PhyrexNi's answer is Treasuries and gold. He analyzed that long-term U.S. bonds with 20 to 30 years can provide a stable annualized interest rate of nearly 5%, which is a “definitive return” that can be achieved in any market environment. As a safe-haven asset that has been passed down for thousands of years, gold can play its role of value preservation in times of economic turmoil. “My strategy is to use all the proceeds from U.S. bonds and gold to invest in bitcoin.” He explained that such asset allocation can form an elegant closed loop: when the market improves, bitcoin's growth will far exceed the slight decline that gold may have, and the portfolio as a whole will rise; When the market reverses and there is a risk of recession in the economy, the fixed income of US bonds and the safe-haven value of gold will effectively hedge against the decline of bitcoin, and even provide additional funds to cover positions at low points. CryptoWesearch founder Alvin represents a native player who grew up from within the crypto world compared to PhyrexNi's prudence. He admits that he “zeroed out” twice and eventually found faith in decentralized finance (DeFi). He observed that the biggest difference between this cycle and the past lies in the entry of institutional funds and the maturity of on-chain finance. “In the past, players in the cryptocurrency circle who wanted to buy U.S. bonds needed to open a U.S. stock account and endure layers of fees and exchange losses.” Alvin pointed out that DeFi veteran projects like Compound have launched platforms such as Superstate to directly move the US Treasury RWA token to the blockchain. This means that investors can seamlessly switch between crypto assets such as Bitcoin and Ethereum and on-chain US bonds with stable returns in one wallet, greatly improving capital efficiency and asset allocation flexibility. The profound significance of this shift is that it brings an understandable “fundamentals” to cryptocurrencies. Alvin shared that he once met a Taiwanese investor who withdrew from the circle because he could not tolerate high volatility, and he explained to the other party from the perspective of DeFi: “Now with many DeFi protocols, we can look at their real revenue on-chain, analyze their business models, and even use valuation models similar to P/S Ratio to determine whether their token prices are undervalued.” From wild speculation to value analysis, Alvin sees this as a key sign of the industry's maturation. He suggested that investors, especially the younger generation, should have a deep understanding of DeFi as an on-chain economy, as well as learn about macroeconomics. More importantly, “investment is a process of understanding oneself”, and only by finding a strategy that suits one's own risk tolerance can we go a long way. The ultimate faith is coming! Bitcoin “300x leverage” berserk mode When the conversation turned to Fenix Hsu, CEO of Teahouse Finance, the atmosphere suddenly heated up. In response to the community's expectations, he threw out a berserker operation “Bitcoin Triple Max Strategy”. When your bank advises you to allocate 1% of Bitcoin, it's too late. Fenix speaks like a church leader standing in front of an altar calling out to God. He believes that in an era of continuous over-issuance of fiat currencies and continuous dilution of purchasing power, Bitcoin is the “last ark”. The path he described as “three hundred times full” is ruthless and crazy: first, put 100% of the assets into Bitcoin; Then, mortgage the property and buy bitcoin to achieve 200% exposure; Finally, put all the money into the shares of MicroStrategy (MSTR), a US listed company, to achieve 300% leverage. Strategy is a company known for its founder, Michael Saylor, who took a “borrow to buy coins” strategy. Fenix predicts that as the price of Bitcoin rises, MSTR may one day become the world's most valuable company with its Bitcoin reserves alone. Such companies, called the Digital Asset Treasury Company (DATP), boldly predict that more and more high-quality companies will follow suit in the future and convert some of their cash reserves into bitcoin, thus completely rewriting the financial rules of modern businesses. PhyrexNi then calmly added to this. He agrees that MSTR is “leveraged bitcoin,” but cautions investors to be mindful of the risks of its “NAV Premium.” When the market capitalization of MSTR far exceeds the value of its Bitcoin holdings (high premium), it means that the market sentiment is overheated and the potential pullback risk is huge. “Bitcoin is up 1%, MSTR may be up 1.2%; But Bitcoin is down 1% and MSTR could be down 1.5%.” He stressed that leverage is a double-edged edge, amplifying both gains and risks, and is not suitable for all investors. (Editor's note: Joining the church requires wholehearted conversion and careful operation.) Super super grand narrative: “We are not optimistic enough” While everyone is focusing on Bitcoin, the well-known YouTuber brain brother has pulled his vision to the broader Ethereum ecology, and put forward a core thesis: “No one here is optimistic enough.” Brother Brain pointed out that the current financial world is migrating to blockchain at an unprecedented speed, and Ethereum is the core infrastructure of this migration. Whether it is the stablecoin market with a market capitalization of hundreds of billions of dollars, or the layout of on-chain US bonds and Wall Street giant BlackRock. More than eighty or ninety percent of the activity takes place on Ethereum. "McKinsey, BlackRock, even American money…