This chart has gone viral on the Chinese internet in recent days. After reading it, you should know which assets to hold long-term.

However, a maximum drawdown of 60% means you need a 250% increase to break even. If you bought at the peak in 2022, you would need to hold until 2024 to break even. If you are a contract player and the direction reverses, it might be difficult to recover in this lifetime.

What truly lasts in the crypto space is a neutral strategy, with a maximum drawdown of 30%. Is an annualized return of 100% not more reliable than going all in on a single aspect?