Shenyu, one of China’s largest Bitcoin miners, described his four-wallet strategy:

Cold Wallet: This is for core assets, with barriers to accessing them. It discourages impulsive actions during FOMO. Typically, this wallet holds over 60% of my assets.

Warm Wallet: Used for stable cash flow to maintain composure during bear markets, it holds 20–30% of assets.

Hot Wallet: Dedicated to speculative or high-risk activities like NFTs. The allocation is small, and profits are periodically transferred to cold or warm wallets.

Fiat Wallet: Operates on a “withdraw-only” policy and covers annual living expenses through a 4% withdrawal rule. This ensures financial independence even if other wallets incur losses.

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