Speaker: Taiki Maeda
Podcast source: Taiki Maeda
Bears Are Wrong. Crypto Is Going Much Higher.
Broadcast date: May 19, 2026
Key Points Summary
Taiki Maeda believes the crypto market is emerging from a negative feedback loop that has lasted the past six to eight months, with Bitcoin completing a阶段性 bottoming process amid extreme pessimism, and the market now entering what he calls a “green candle therapy” self-repair phase. He explains why he closed his BTC position and allocated more capital to Zcash (ZEC).
He believes the current crypto market is entering a self-healing process he calls “Green Candle Therapy.” In his view, altcoins like ZEC and HYPE hold strong potential for the future and are likely to become leaders in the upcoming bull market. He summarizes his current portfolio as the “Holy Trinity” of Bitcoin, Zcash, and HYPE—centered on building conviction when others grow weary and exit, waiting for market sentiment to reignite.
Summary of insightful perspectives
Break the negative feedback loop: “Green Candle Therapy” has been activated
The ultimate game theory behind Saylor’s potential coin sale
Deleveraging at 30: Edge excess returns are being realized
Reject VC garbage: A reverse framework for finding 10x to 100x altcoins
Why keep adding to Zcash ($ZEC)?
Hyperliquid ($HYPE) is the absolute leader in the Perp and RWA sectors.
The Holy Trinity core combination and final thoughts
Reasons why Bitcoin has hit its bottom
Taiki Maeda:
I believe the crypto market will perform very well for the remainder of this year, but most people are still overly pessimistic and complacent, failing to recognize this. In this video, I’ll share my recent portfolio adjustments and explain why I think Bitcoin, Zcash (ZEC), and Hyperliquid are all set to reach higher prices.
I previously created a dedicated playlist in the channel that thoroughly discusses this issue—if you have time, feel free to check it out. But I know there are many videos, so I’ll quickly summarize here.
I often mention the concept of “reflexivity,” which, in simple terms, means that when prices rise, people become increasingly optimistic; when prices fall, people become increasingly pessimistic. However, market sentiment always reverses at some point.
Typically, markets reach their peaks or troughs when sentiment is extremely optimistic or extremely pessimistic. Over the past six to eight months, we have experienced a negative feedback loop. At the market’s peak, sentiment was highly optimistic; then, as Bitcoin’s price declined, investors were liquidated and incurred losses, causing sentiment to gradually plummet to its lowest point. Many chose to sell, believing prices would fall further and hoping to re-enter at lower levels. They found numerous reasons to convince themselves that even lower prices were inevitable. But at some point, sellers exhaust their Bitcoin holdings, and the market requires only a modest amount of buying pressure to push prices upward again.
One indicator used to gauge market sentiment is the Fear & Greed Index. Whether or not you believe in this indicator, it can at least provide some useful reference. For example, last month, when Bitcoin’s price approached $66,000, the index reached its all-time low. This may seem hard to believe, as market conditions at the time were not nearly as dire as during the 3AC collapse, the Luna crash, or the COVID-induced sell-off—yet sentiment was even more pessimistic than during those events.
When the Fear & Greed Index reaches an extremely low level, it can at least serve as a signal that this might be a good buying opportunity. We should begin looking for reasons why the market may have hit its bottom, rather than continuing to sell Bitcoin amid extreme pessimism.
For me personally, over the past few months I’ve mentioned STRC and Stretch on this channel as strong reasons to start buying Bitcoin. The supply held by sellers is now extremely limited. Despite events like the Iran conflict and a 10% drop in U.S. stocks, Bitcoin’s price didn’t even fall below $65,000. Meanwhile, Michael Saylor has been investing billions of dollars into Bitcoin through MicroStrategy—for example, purchasing $1.5 billion in March and nearly $3.5 billion in April.
I believe these events at least provided a catalyst indicating that around $70,000 was a solid buying opportunity with a favorable risk-reward profile. Now, Bitcoin’s price is trading around $80,000, fluctuating by a few thousand dollars. I believe the market will continue to “climb a wall of worry.”
Interestingly, Michael Saylor, through MicroStrategy, has typically bought Bitcoin near local tops. If you examine his largest purchase announcements, they often occur when MSTR’s mNAV (market-to-net-asset value) is high, such as above 2. However, recently, he has been buying large amounts of Bitcoin when the mNAV is very low. This suggests growing market acceptance of $60,000 as a floor and signals a potentially brighter future for Bitcoin.
The market is telling us: $60,000 may be the bottom. Buyers are re-entering the market. If this holds true, Bitcoin’s price could continue to rise. Markets traditionally “climb a wall of worry,” as many who missed the bottom realize their mistake and buy back in at higher prices. Markets always bottom out amid bad news, when pessimism is at its peak.
I believe we are entering a positive feedback loop. Higher prices make people more optimistic, prompting them to buy Bitcoin again. Taking MicroStrategy’s fundamentals as an example, Saylor’s purchasing activity does indeed push Bitcoin’s price upward on the margin. As Bitcoin’s price rises, it further increases MSTR’s mNAV, enabling Saylor to raise more capital to buy additional Bitcoin. This psychological effect also encourages more people to hold or repurchase Bitcoin.
Currently, we are in a repair process that I call “green candle therapy.” Higher prices will restore confidence in previously discouraged investors and bring them back to the market. Before you realize it, prices may have risen even further, and gradual price increases will help people regain confidence in crypto assets.
What if Saylor sells his BTC?
Taiki Maeda:
However, I also want to address the bearish argument regarding the possibility of Michael Saylor selling Bitcoin. To be honest, I’m not surprised. During the last earnings call, he mentioned that they might sell Bitcoin if it benefited the company, which caused significant concern for many. In fact, I mentioned last month that this scenario could occur, as the STRC mechanism enables him to buy low and sell high.
For example, he could leverage his position when Bitcoin’s price approaches $70,000, as he has consistently done in the past. If the trade succeeds and the price rises, he could sell MSTR above a certain mNAV (market-to-book ratio), then potentially repurchase and retire Stretch, or raise additional cash reserves for the company. Last month, I didn’t fully consider that he might directly sell Bitcoin—but essentially, the outcome would be similar. The key point is that he cannot rely indefinitely on borrowing. If he chooses, he can absolutely sell Bitcoin to fulfill debt obligations, which can also be viewed as a form of trading. Importantly, we must remember that he has been consistently buying Bitcoin up until now.
Over the past few months, I’ve been discussing Stretch and MSTR because they were one of the reasons I chose to leverage my position and heavily buy into Bitcoin. But if I step back and think clearly, that wasn’t my original reason for entering the crypto space. I didn’t get into this industry to follow Saylor’s buying decisions. Of course, nowadays we can’t really ignore his moves—or you can choose to ignore them, but it’s undeniably a way to make money, so I’ve looked into it.
As for whether Saylor will sell his Bitcoin, I believe it will happen sooner or later. Whether this is bullish or bearish, I can’t say for sure. It might even be bullish, because even if he sells some Bitcoin, the market may experience a brief panic, but ultimately realize it’s not a big deal—after all, he may continue buying more Bitcoin afterward. Either way, this will happen eventually; perhaps Stretch’s transaction has already been completed.
Why did I take partial profit?
Taiki Maeda:
First, I’d like to explain why I chose to take partial profits. It’s important to clarify that this isn’t because I’ve become bearish. If you watched my video two weeks ago, you’ll recall that my total exposure to Bitcoin—combining spot and perpetual futures—exceeded 100%. On top of that, I was also long Zcash and HYPE. This was the most aggressive position I’ve ever taken.
In fact, I previously mentioned that I might take partial profits in mid-May or mid-June. Ultimately, I executed partial profits on May 15, which was my birthday. There’s an important context here: a few days earlier, I participated in the Brooklyn Half marathon. The race was extremely grueling for me—I ran until I felt dizzy and even experienced blurred vision. On the subway ride home, it suddenly hit me: I’m truly getting older. I’m 30 now, no longer 29, and no longer the person I was in my twenties. The Taiki in his twenties could confidently leverage long positions, but the 30-year-old Taiki feels he should be more conservative, at least returning to a spot-dominant allocation before considering leverage again.
So, while I remain very bullish, I have indeed increased my cash position. I still hold Bitcoin and Zcash, and I’ve bought more Zcash (I’ll explain why later). I’ve also continued to hold Hyperliquid. Keeping some cash on hand is mostly for my own sense of maturity.
More seriously, two weeks ago I did mention that I expected Michael Saylor to purchase $2 to $3 billion worth of Bitcoin over the coming weeks, which could push Bitcoin’s price above $80,000. At that point, I might consider taking partial profits. So, this profit-taking is simply following the plan I previously shared with everyone—nothing surprising here.
So, how did my prediction or trading assumption ultimately turn out? Saylor ended up purchasing approximately $2 billion in Bitcoin, which landed at the lower end of my estimated range. He bought $1.5 billion in March, $3.4 billion in April, and about $2 billion in May. Does this form a trend? I’m not sure.
I leveraged Bitcoin because I believed Stretch had not been fully priced in by the market. However, I now feel the market has understood and absorbed Stretch’s value, so I believe the edge here has diminished. My logic is simple: I went long because Stretch was undervalued at the time, and now that it’s priced in, I’m reducing my leverage. This isn’t because I’m no longer bullish or because I’ve become bearish—it’s because one of my trading assumptions has been fulfilled. Overall, I remain bullish.
I still believe that being bullish on Bitcoin is reasonable, as it is likely the asset that will lead us out of the bear market and may outperform most altcoins in the future. However, when market sentiment is at its most numb and desperate, we should seek new opportunities, particularly in altcoins. You need to ask yourself: What will the market focus on next? Which narratives can propel us out of the bear market and into a new bull run? What signals is the market currently sending us? Which directions should we be paying attention to?
Framework for finding the next 10x to 100x altcoin
Taiki Maeda:
Now, I’d like to talk about how to find the next altcoin that could surge 10 to 100 times. Of course, that sounds like a dream, but in practice, it’s much harder than it seems. Still, I’d like to share my framework—the very one that led me to buy significant positions in Zcash and HYPE, as I believed they could become some of the biggest winners of this cycle.
The late Charlie Munger once proposed a principle of inverse thinking. He summed it up simply: his life philosophy was to first identify what is foolish, and then avoid it. In other words, if you want to succeed, study what unsuccessful people did, and then avoid making the same mistakes. This is the essence of inverse thinking—working backward.
Applying this principle to the current crypto market, if we assume Bitcoin has bottomed at $60,000 and a certain altcoin aims to rise 10x, 20x, or even 50x from here, we should ask: What should be happening right now? What characteristics should this coin possess? How are people talking about it? What narratives are surrounding it? By asking these questions, we can work backward to uncover potential answers.
First, VC vaporware is unlikely to appreciate significantly. Projects acquired by venture capital firms at extremely low valuations rarely have substantial upside potential. As retail investors, we have no reason to buy these projects.
Second, while NFTs and meme coins were highly popular in the previous cycle, I believe market focus has shifted in this cycle, and these assets will no longer be pursued with the same intensity as before.
Third, narratives that are hard to genuinely support. The market needs stories that inspire passion. Meme coins or VC vaporware rarely resonate deeply. Projects that are more likely to gain support are often closer to the cypherpunk ideals and can truly ignite enthusiasm.
Fourth, assets whose charts have been trending downward with no signs of life. If a altcoin’s price chart has been steadily declining with no signs of recovery, while Bitcoin has risen from $60,000 to nearly $80,000, that altcoin is unlikely to move anytime soon.
Finally, there are PVP (player versus player) assets. We should be looking for PVE (player versus environment) assets, not those that require selling to others in order to profit.
On the flip side, what characteristics should the next 10x coin have?
First, it should be more like a PVE-type asset—player versus environment. This type of asset should benefit all holders, meaning everyone gains when it rises, fostering a “We’re All Going to Make It” (WAGMI) atmosphere.
Second, a compelling narrative that is easy to rally behind. This narrative can trigger positive market reflexivity: as prices rise, more people become optimistic, further driving prices upward.
Third, aligned with macro trends. This asset should ride emerging macro trends over the next one to two years, rather than outdated narratives. For example, meme coins lack clear macro trend support, whereas narratives around Zcash and Hyperliquid are more compelling.
Finally, consider assets that have already demonstrated market momentum. If a altcoin is going to rally from here, it has likely already started rising. Although many investors prefer to “buy at historical lows,” market dynamics show that assets already trending upward are more likely to continue rising.
A better investment strategy might be to select assets that have already launched, bounced back from their lows, and are showing clear upward trends, then allocate your funds to these assets. For example, an asset like Polkadot is currently near its historical lows. You could certainly argue that if it returns to its all-time high, it would represent a 40x gain—but the issue is that no one is paying attention to this token, so avoid investing in such assets.
In contrast, assets like Hyperliquid have already shown upside potential at $45. It may continue to rise further, given its strong narrative and favorable tailwinds. We can all agree that Hyperliquid is an excellent token—its price chart looks highly attractive, displaying a robust upward trend. You could also ask yourself the reverse: would HYPE have performed this way if Bitcoin hadn’t bottomed at $60,000? Notably, HYPE reached its low point at the end of January, and during Bitcoin’s decline from October to January, HYPE’s price also fell. However, starting in January, market conditions shifted—buyers began entering, and the price steadily climbed upward to the right. This trend is one we should take seriously.
People often ask me: “What will be the next Solana?” Solana was the flagship asset of the last cycle. Looking back at its performance, you can see it exhibited PVE (Player vs. Environment) characteristics—something that was crucial. In hindsight, it all seems obvious, but at the time, Solana’s success was closely tied to its market sentiment.
After FTX collapsed, SOL’s price dropped to $10. Those who bought SOL around $20, $30, or $40 later made profits (except for SBF). The Solana ecosystem also launched several appealing airdrops that made it easy for people to get behind it. FTX’s downfall removed the “villain,” allowing the community to reunite. Meanwhile, various events such as the meme coin supercycle unfolded within Solana’s ecosystem, making it the epicenter of bull market activity. Even Ethereum’s founder Vitalik posted a bullish tweet at SOL’s bottom, contributing to a more positive market sentiment.
Solana’s success is not just a technological victory, but also a triumph of market sentiment and narrative. I believe a altcoin capable of achieving several-fold gains must possess similar energy. The crypto market is highly dependent on reflexivity—market atmosphere is crucial. People’s perception of an asset directly influences its performance. I don’t believe the market will push an asset higher if it causes widespread frustration. We need to ask: What kind of asset makes people happy when it rises? What kind of asset can generate more upward momentum through its own price appreciation?
Recently, I devised a “sacred trinity” crypto portfolio: Bitcoin, Hyperliquid, and Zcash. I believe this is a trustworthy combination worth holding. Bitcoin is a “giga chad” core asset, while Hyperliquid and Zcash are two altcoins with tremendous potential. I believe investing can be simple: ride through market volatility, enjoy the process, and succeed together, fostering a WAGMI (“we’re all going to make it”) mindset.
Why did I buy more ZEC?
Taiki Maeda:
Let me start by explaining why I’ve recently bought more Zcash. I’ve been talking a lot about Hyperliquid, but Zcash is an asset I’ve grown to like more the more I research it. It keeps inspiring me to buy more—and I’ve been doing exactly that. As you may have seen in my earlier screenshots, I initially bought some Zcash around $388, then added more near $598, and later averaged in again around $550. My current average cost is roughly around $500. I’m extremely excited about it and thrilled to keep adding to my position.
Let’s start with the concept of reflexivity. I believe Zcash is a highly reflexive asset, and I really appreciate this quality. It doesn’t need to be your largest position, because if it succeeds, it could generate extremely outsized returns. Zcash is an asset where the higher its price, the better people perceive its product; the better the perception, the stronger its fundamentals become; and improved fundamentals, in turn, drive the price even higher. I see Zcash as exactly this kind of asset.
Two weeks ago, I mentioned Zcash’s reflexivity. When its price was only $30 to $40, almost no one cared about it, and some even called it a scam. But once the price began to rise, people’s attitudes changed completely. They started viewing privacy as a fundamental human right and Zcash as essential to achieving that right. The rising price causes people to rediscover Zcash’s value, further driving its price upward. I believe we are currently at this turning point.
One of the key reasons I ultimately decided to significantly increase my position is that Zcash experienced a notable price surge in October last year. At the time, I wasn’t particularly interested, as I was broadly bearish on the market and shorting ETH. However, I continued to monitor Zcash’s performance following the bear market. Although it subsequently dropped by about 75%, it has recently begun a strong rebound. If you look at the monthly chart, its price action shows a breakout not seen in nearly a decade. I believe it would be a mistake to ignore a decade-level breakout.
I really appreciate Zcash’s narrative. Its core story includes privacy, privacy coin, private store of value, and quantum hedging. I’ve also introduced a new concept—“Saylor hedging,” which I’ll explain in detail later. Zcash has no cash flow, so it has no clear valuation floor or ceiling. If its price rises to $3,000, no one would be surprised; if it drops to $200, no one would find it strange. Thus, it is indeed a high-risk, high-reward asset.
Some believe that Zcash’s market capitalization should reach 10% or 5% of Bitcoin’s market cap. This implies that as Bitcoin’s price rises, Zcash’s potential upside also increases. From this perspective, Zcash can be viewed as a beta asset to Bitcoin.
Over the past year, Zcash has seen many significant developments. Most notably, in January of this year, the U.S. Securities and Exchange Commission (SEC) dropped its lawsuit against Zcash, and U.S. venture capital firms have begun lobbying for Zcash. I believe that, compared to Monero, Zcash is a better privacy coin because it has the potential to become the most compliant privacy solution. Using Monero may lead you to be mistaken for a criminal, while Zcash offers a more legitimate privacy solution.
If we assume Zcash were to increase tenfold from its current price, what signals should we be seeing now? The first key signal is a steady increase in the supply of Zcash in the shielded pool. The more Zcash in the shielded pool, the greater the product value of Zcash. Suppose you have $1 million to conceal—if there isn’t enough Zcash in the shielded pool, you won’t be able to use it. And if you alone controlled 100% of the TVL (total value locked) in the shielded pool, privacy would be defeated.
The Zcash shielded pool works by allowing you to deposit funds into the pool and leave them there. Later, when you need to transfer funds, you can withdraw them from the shielded pool without being linked to previous transaction history. The shielded pool functions similarly to a mixer while also serving as a way to hold capital. Higher prices increase the value of Zcash within the shielded pool, attracting more funds. From this perspective, Zcash’s fundamentals are gradually improving.
I’ve been wondering why it took Zcash so long to gain market attention—perhaps because it requires a long-term accumulation process. Zcash is issued using a Proof of Work model with a four-year halving cycle. The last halving occurred in November 2024. If we apply the “four-year cycle” theory, a strong bull market typically follows a halving after some time. Perhaps Zcash needs to undergo this gradual shift in supply before it can fully realize its role as a private store of value and a hedge against Bitcoin.
Another notable signal is that Zcash is bringing together diverse crypto communities. Whether it’s supporters of Bankless or the Solana community, people are now collectively discussing Zcash’s potential. Two years ago, the Ethereum and Solana communities could hardly agree on anything and often debated the value of meme coins. But now, Zcash—as a privacy coin rooted in the cypherpunk ethos—is uniting these communities to jointly share bullish content and discuss Zcash’s privacy features. I think this is a truly wonderful development.
Over the past year, the crypto industry has been plagued by too many scams, causing many to lose faith in it. The emergence of Zcash could be an opportunity to restore confidence in the industry. It is backed by a team that has been committed for 10 years and a community of long-term holders. If these “diamond hands”—individuals who have held Zcash for five years or longer—profit from price increases, I believe most people would be happy for them. In contrast, a random VC-backed vaporware project rising in value would likely only spark anger.
So I believe we are currently experiencing the “green candle therapy” I mentioned earlier, meaning the soul of the crypto industry is gradually recovering. I hope that in the next bull market, we’ll see fewer scams and more projects that are reassuring and inspiring. I believe Zcash is one such project with the potential to lead the industry’s recovery. Hyperliquid also has similar potential, which I’ll discuss in more detail later.
I’d like to address the issue with “Stretch.” I support Stretch because I hold Bitcoin and want its price to rise. I’m not an opponent of Michael Saylor (a “Saylor hater”), nor do I believe he’s headed for a collapse. But I do think his presence may make it harder for people to wholeheartedly support Bitcoin. For example, consider centralization: Saylor holds 4% of Bitcoin’s supply, while Tom Lee holds 4% of ETH’s supply—the proportions are roughly the same. Yet Saylor’s high-profile actions create the impression that, if Bitcoin succeeds, he could become the richest person in the world. While I’d be happy for him, compared to five years ago, I find it harder now to genuinely support Bitcoin. If I feel this way, others might too—and perhaps you do as well.
Does this matter? Maybe it doesn’t. After all, the entire crypto industry needs Bitcoin to succeed. But it’s still a question worth considering: What will people care about in the future? If people are beginning to pay attention to certain issues now, more people may follow suit later. One possible narrative is: Bitcoin is insurance against fiat currency, while Zcash is insurance against Bitcoin. Zcash can hedge against risks such as Saylor risk, quantum computing threats, and privacy concerns. Ray Dalio once said he dislikes Bitcoin because it lacks sufficient privacy. Although he is a traditional finance veteran, his view reflects a broader market concern. If Zcash were to rise in value due to its privacy features, quantum computing resilience, or other factors, it wouldn’t be surprising. Some might argue that Zcash should naturally have 3% of Bitcoin’s market cap. If that’s the case, as Bitcoin’s price increases, so too would Zcash’s.
Another notable macro factor is changes in government policy. For instance, California has recently proposed a wealth tax, and Australia is also discussing a similar one-time 5% wealth tax, which could prompt high-net-worth individuals to seek new ways to protect the privacy of their assets. Zcash’s shielded pool feature is particularly important in this context. As the price of Zcash rises, the value of its shielded pool also increases, enabling it to support greater inflows of funds.
Although these macro trends may seem less significant in the short term, they do provide a potential tailwind. In the future, if governments introduce more similar policies, Zcash could be viewed as a solution for safeguarding private funds.
I believe the crypto industry needs to return to its cypherpunk roots. The next bull market is unlikely to be driven by meme coins, VC vaporware, or similar projects. Instead, the industry must recover from past scams and chaos and rediscover projects that inspire excitement and trust. If this shift does not occur, the crypto industry may gradually lose its vitality. But if we hope to see higher prices, projects like Zcash are indispensable.
I believe we are witnessing the formation of “green candle therapy.” Although it may be hard to notice while you’re in the middle of it, looking back a year from now, this trend may become very clear. Zcash excites me—I haven’t felt this kind of interest in a coin in a long time. Of course, my investment in Zcash could end up like Isaac Newton’s South Sea Bubble: invest a little, sell, then watch friends profit and re-enter with heavy positions, only to lose it all. But that’s part of investing—risk is always present.
In reverse thinking, I expect Zcash to have all the features I’d want to see in a altcoin. While it’s not my largest position, I hold a substantial amount and have recently added to it.
Hyperliquid
Taiki Maeda:
For those of us in the mid-curve stage, Hyperliquid’s value may be more apparent. I believe my audience has already been filtered to include those who understand Hyperliquid’s potential, as my videos are typically long and only truly interested viewers watch them. So, I’m confident most of you already recognize Hyperliquid’s potential.
Clearly, I believe HYPE is the leader in the perpetuals space. I think most long-tail altcoins will eventually go to zero, while the majority of trading volume will shift toward RWA (real-world assets) such as gold, oil, and stocks. Hyperliquid is performing exceptionally well in this area. According to the daily open interest (OI) growth trend from the HIP-3 proposal, trading volume in RWA, stocks, gold, and related sectors is steadily increasing. More importantly, the majority of revenue is being funneled back to the native token, HYPE.
If we assume that HYPE’s price will break above $100, what signals should we be seeing now? For example, during the war, price discovery for oil has already occurred on the Hyperliquid platform. (“Price discovery” refers to determining an asset’s fair value through market trading.) This is a very positive signal. Additionally, recently in the IPO market, some traditional financial participants have accessed Hyperliquid—even through restricted jurisdictions—to observe pre-IPO pricing. The red bars on the chart show that price discovery is actively taking place in these areas, a phenomenon that was nearly nonexistent before. This is exactly the kind of change we want to see.
Of course, Hyperliquid’s price is now higher than before, but this is exactly the trend I wanted to see. A few months ago, I planned to buy Hyperliquid at $15, but ended up buying near $37. However, this is how the market works. Markets always “climb a wall of worry”—people always hope to buy at lower prices, but often never get the chance, ending up buying at higher levels instead. This psychology is precisely what drives prices even higher. I believe we are currently experiencing exactly this process.
Value from Hyperliquid is flowing into its native token, HYPE. This is a project with no VC involvement, and the team has executed a generous airdrop, while the founders remain humble and trustworthy. These qualities make Hyperliquid more appealing to supporters. Additionally, the perpetual futures market has clear structural tailwinds over the coming years, and Hyperliquid is a leader in this space.
My investment strategy is to hold it rather than trade it frequently.
I believe that both Hyperliquid and Zcash possess “player versus environment” (PVE) asset characteristics. This means they do not profit by exploiting retail investors, but rather drive their own growth by creating value for the entire industry. This quality enables the industry to build consensus around them, making them a trusted focal point. In today’s低迷 crypto market sentiment, this characteristic is especially important.
My current portfolio is very simple: no leverage, only spot holdings. As a 30-year-old investor, my strategy has become more conservative. My core portfolio consists of the “Sacred Trinity”: Bitcoin, Zcash, and Hyperliquid. These three represent the left curve (simple, straightforward investment), mid-curve (moderately complex investment), and right curve (complex, high-risk investment), respectively.
In addition, I hold some cash allocated toward opportunities related to Perp DEX (decentralized exchange) and on-chain Stretch. I’m very bullish on on-chain Stretch, especially after Saylor indicated he might sell Bitcoin to defend Stretch, which suggests the total addressable market (TAM) for on-chain Stretch could expand further. Projects like Saturn and Apex both have upside potential. I currently hold a position in Saturn’s Curve pool. Of course, these investments carry risks, and investors should conduct their own research and due diligence.
Final thoughts
Taiki Maeda:
My investment philosophy is actually quite simple: Bitcoin, Zcash, and Hyperliquid. These three assets possess the qualities I trust—they can build consensus, are suitable for scaling positions, and have healthy supply distributions. While other assets may perform well in the future, these three are currently my top picks. For me, the most important thing is to allocate positions according to my risk tolerance and then enjoy the journey.
I believe there will be many opportunities in the future, and we may even see “green candles” emerge. But right now, these opportunities may not be obvious, as market sentiment remains weak. Remember when FTX collapsed and Bitcoin’s price dropped to $16,000? At the time, almost no one recognized it as a massive opportunity because the market atmosphere was so dire. We often only realize true opportunities in hindsight. When you’re in the middle of it, things may seem bleak—but opportunities are always there.
Of course, I might make mistakes. In fact, I’m known for making mistakes so often that it’s almost become my trademark. But my mindset is this: hold Bitcoin, HYPE, and Zcash, enjoy life, and enjoy the journey. Someone might say Bitcoin will drop to $30,000, HYPE will fall to $10, and Zcash will go to zero. Maybe they’re right. If they are, I’ll lose money. But sometimes, you need the courage to believe in something, the guts to press the green “buy” button. I believe in “green candle therapy,” and I’m willing to bet on it.
I greatly admire Jesse Livermore’s quote: “The big money is not in the buying or selling, but in the waiting.” I’ve already bought, and now all I need to do is wait patiently. I’ll continue sharing bullish content about my holdings, regardless of whether the market is at a peak or a trough, because I maintain a bullish belief. This is because I trust that “green candle therapy” will bring positive change.
I feel the crypto market has become interesting again. We’re going through a rally, and I’m starting to enjoy the process. I even posted some memes mocking short sellers on Twitter—though some might not like them, I don’t care. As I always say, no pain, no gain.
Just like the half-marathon I participated in, the sense of accomplishment from finishing far outlasts the pain endured along the way. Although I didn’t meet my target time, I completed the race—and that makes me proud. Similarly, I’m proud of my portfolio. You don’t have to agree with my choices, but I hope you come to love your own. We should all believe in our decisions, because conviction is the key to success.
Our holdings will rise, and we will all succeed. WAGMI (We’re All Gonna Make It). I believe in the green candle therapy—do you? Because belief matters, and I hope we all benefit from it.
Organized & Compiled by Shenchao TechFlow