#比特币市场动态 Strategy CEO This decision is interesting - not reducing holdings before 2065 is basically betting that BTC can become the standard for global asset allocation. From a copy trading perspective, the strategy of these long-term holders is enlightening for us: what they are doing is actually an extreme expression of risk preference.

I agree with the logic of MSTR as a BTC proxy indicator, but the key lies in how to follow it. If we want to adopt the thinking of these long-term holders, we cannot adjust our positions based on short-term fluctuations; we need to have a mental preparation—these types of players can withstand account drawdowns of over 50%. Ordinary retail investors can easily capitulate on a day of significant market decline.

A more practical approach is layered copy trading: if you have a high risk tolerance, you can follow part of the ultra-long-term strategies for your base positions; if you are conservative, refer to the stop-loss points and the logic of increasing positions in the strategies, but control your own cycle and position size. The rise of spot ETFs has indeed changed the market structure, but this does not mean that the strategies of large holders like MSTR will become ineffective; instead, it signals that more institutions recognize the status of Bitcoin as an asset.

The key is to clearly understand your true risk tolerance and not let others' long-term goals hijack your account.