CZ: Most "coin stocks" companies need to experience at least one winter.

CZ: Most "coin-stock" companies need to experience at least one winter. In recent remarks, CZ emphasized that the market is currently in a bull run, but it must be recognized that the market is cyclical, and a winter, that is, a Bear Market, will definitely come in the future. During such phases, prices will experience severe fluctuations, and stock prices may fall.

He pointed out that most "coin stocks" (cryptocurrency treasury companies) must experience at least one Bear Market to truly accumulate experience and to average down their costs by continuously holding or increasing their positions during the downturn, thus forming a lower average price. Taking MicroStrategy as an example, they went through a very painful process in the first cycle, but over time, their average holding cost has gradually decreased, and they are now benefiting from it.