Leon Fu

CTO @ & Co-Creator of the TaiFu™ 30 Cryptocurrency Market Index at Not financial advice.

[Leon Fu @leoncfu]

1/The question we keep getting asked is should we buy or sell X coin. What they’re really asking is if it will go up or down. We don’t know. Nobody knows. And we don’t need to know.

[Leon Fu @leoncfu]

@wmhuo168 鼎泰丰 has multiple locations in Dubai and Abu Dhabi. I’ve eaten there. 😂

[Leon Fu @leoncfu]

@pegnftfnd @milesdeutscher @HeyTaiZen Followers is more about engagement, entertainment, and producing content on a regular basis. Tai and I are more interested in living our lives than gaining followers on social media after multiple exits over the past decade+.

[Leon Fu @leoncfu]

Forget alt season. It’s Trump Season! 🤣🤣😂😂

[Leon Fu @leoncfu]

@10XTraderJosh @blockchainchick Great idea. But not everyone has the interest or the ability. They are still family, however. That's the reality.

[Leon Fu @leoncfu]

@yangsteve @blue_domain @BonnieGlaser FYI, it might be your bank blocking connection from China. Some of my banks block connections from outside the US.

[Leon Fu @leoncfu]

@crypt0snews I guess being a gold bug doesn’t cut anymore. 😂

[Leon Fu @leoncfu]

I do not understand Schiff’s decade long jihad against Bitcoin since zero. Bitcoin started from nothing, a decade later is backed by the largest institutions, trading on global stock markets (not just US) and backed by the leading Presidential candidate is vindication we’re right

[Peter Schiff @PeterSchiff]

Today's #crypto crash wasn't big enough to shake the confidence of ETF investors. However, their resolve will be tested soon. Capitulation is needed to from a short-term bottom. #Bitcoin breaking below $38K should do the trick. At that price all #BitcoinETFs will hit new lows.

[Leon Fu @leoncfu]

Why? When has buying Bitcoin -20%+ been been wrong a couple years later? Never….

[Leon Fu @leoncfu]

I bought yesterday’s crash. I had a some ammo left for the crash below $10K that never came, that I deployed now. Will continue to DCA if we drop further.

[Leon Fu @leoncfu]

That it crashed 20% yesterday is irrelevant. Markets crash. That’s just what they do regardless of the asset.

[Leon Fu @leoncfu]

@davidpgoldman This is what Bitcoin was built for: defeating capital controls.

[Leon Fu @leoncfu]

@nikstankovic_ @padsby This is exactly why Bitcoin was invented. China would have dominated in Bitcoin had it not been banned.

[Leon Fu @leoncfu]

Is it too late to buy? Yes and no. No, it’s not too late because it’s going higher. Yes it’s too late because we’re likely already higher than the bottom of the next bear market. Anything you buy now and don’t sell will likely be a loser in the next bear market.

[Leon Fu @leoncfu]

What am I doing in the crypto bull market? Mostly nothing. I invested nearly all my AMMO with just a little left in case we fell to $10K like so many believed. The bottom was in Dec ‘22 at $16K, but so many were bearish through most of ‘23. The bears have all been vanquished!

[Leon Fu @leoncfu]

@cryptoU2017 Yes. But will they? Do we really know whether GLD actually has the gold backing it for example?

[Leon Fu @leoncfu]

In the short run, the Bitcoin ETFs has been great! It's one of the reasons the new crypto bull market started. But I have mixed feelings about it, longer term.

[Leon Fu @leoncfu]

If the majority of the capital ends up in Bitcoin ETFs rather than Bitcoin itself, it ultimately hurts adoption. The crypto industry still needs to work on adoption or it will end up just another asset in the traditional markets.

[Leon Fu @leoncfu]

On one hand, it's a bridge to bring billions from the traditional markets into crypto. OTOH, every dollar that goes into Bitcoin ETFs is a dollar that didn't go into Bitcoin itself.

[Leon Fu @leoncfu]

Contrast that with 2022 when we were BEARISH, but looking for reasons to BUY. We are looking for reasons to buy when the market is going down and reasons to sell when the market is bullish.

[Leon Fu @leoncfu]

As for the market, there's not much for us to do. We switched from bearish to neutral to bullish last year, after the regional bank failures in the US. I was pretty much fully invested by Q2 of last year. We are BULLISH now, which means we're looking for reasons to SELL.