Bitget สนทนากับ Lin Wanwan: คว้าคลื่น Kondratiev แห่งยุค เข้าใจ "การเทรดของทรัมป์" ตรรกะการลงทุนข้ามสายพันธุ์ AI, สกุลเงินดิจิทัล และหุ้นสหรัฐ

Cryptocurrency and US stocks may seem like two截然不同的 worlds, but they are converging for a growing number of investors. How can we use the research framework of traditional finance to understand the crypto market? How can we find our own allocation logic between the two markets?

Today, we have invited Lin Wanwan. With a background working in a traditional financial research institute, she was introduced to the crypto industry after relocating her life focus to Singapore. Since then, she has delved deeply into AI Agents, crypto research, US stock investing, and other areas. She is not the type of investor who relies on luck for quick profits, but a thinker who uses research frameworks and informational advantages to seek out opportunities with certainty.

From Traditional Finance to a Staunch Bitcoin Holder: The Long-Term Belief Behind Buying the Dip

Lin Wanwan's entry into the crypto industry came through two key catalysts:

The first was a change in geographical location. Her family moved to Singapore, so she shifted her life focus there. While rebuilding her social circle, she discovered that many of her old friends were OGs in the crypto space. "After communicating with them, I found this industry to be incredibly fascinating."

She compared the ecosystems of traditional finance and crypto: "To be honest, traditional finance has somewhat lost its vitality. Many people say the crypto field is full of scams or shady dealings. But in this crypto industry, I feel that everyone is doing what they are passionate about, full of enthusiasm, and forging ahead. This charm deeply moved me."

The second was a book. She read "囤比特币" (Hoarding Bitcoin) by the author Jiu Shen. Written in 2018, this book accurately predicted that Bitcoin would rise to around $100,000 by 2024 or 2025. "I happened to read this book right around the time Bitcoin was at $100,000. I thought, how could this person make such an accurate prediction back in 2018?"

What moved her even more was a long-term prediction in the book – the author believed that 20 years later, Bitcoin's price could reach around $200,000. "I don't know if it will come true. But it is indeed trending in that general direction. If you believe it can rival gold in 20 years, why not hoard some as part of your asset allocation? It might offer better investment returns than gold." She later watched Michael Saylor's speech at a Bitcoin conference and found the logic to be identical. Saylor mentioned that buying Bitcoin between 2022 and 2025 was like buying a piece of land in New York in 1790.

"Although many think Bitcoin at tens of thousands of dollars is already expensive, in the grand sweep of history, it is still in a very early stage."

These two catalysts combined led her to fully commit to the crypto industry and form her core holding logic for Bitcoin: Hold the coin, don't be obsessed with its price. First, decide whether to hold it, then consider how much to hold.

Regarding short-term Bitcoin volatility, she has a very clear psychological framework. "I have a position management strategy for Bitcoin – buy more as it drops. This money is, first and foremost, funds I won't need for the next few years. Secondly, the more it drops, the happier I actually am, because I can buy more coins with the same amount of capital."

She even uttered a statement that might surprise many: "I am grateful for its drops. I personally believe it still has room to fall in the short term, and that's fine – I can continue buying."

Behind this mindset is a deep recognition of the asset's long-term value, not the luck-driven psychology of short-term speculation.

AI, Crypto, US Stocks: One Answer to Three Tracks – Why AI is the Current Most Important Investment Trend

Asked about the impact of her traditional finance background on her crypto investment journey, Lin Wanwan's answer centered on the word "perspective": "The greatest thing finance has given me is a matter of perspective. Artists have an artist's perspective, philosophers have a philosopher's perspective, and investing is also a very important perspective." She gave a vivid example: "Before adopting an investment perspective, when I looked at a cup of milk tea, I just thought about whether it tasted good. After adopting that perspective, when you look at a cup of milk tea, you think about the rent cost, the labor cost. You have a completely different way of observing things."

It is precisely with this framework that she has formed a clear judgment regarding the current market landscape: AI is the most important direction of this era, and it is not separate from crypto and US stocks.

Lin Wanwan's Twitter bio features four keywords: AI Agent, Crypto Research, US Stocks, Prediction Markets. When asked which direction she is focusing on most this year, her answer was direct: This year, she has moved AI to the top priority. However, she pointed out that these four directions cannot be viewed in isolation. "Especially the first three – they complement and intersect with each other."

She explained her reasoning: In this bear market cycle, the crypto industry is undergoing a narrative shift, increasingly acting as the underlying computing and accounting tool for AI, with its independence declining. Simultaneously, more and more crypto-related companies are listing on US stock exchanges, and Nasdaq is promoting the tokenization of US stocks – the three directions are merging into one. "Therefore, the largest weight in my US stock portfolio is AI-related. My research into AI and learning about AI also serves my US stock investments."

She cited a quote from the late Chinese chief economist Zhou Jintao to support this judgment: "Life's wealth depends on the Kondratiev wave. Whether you can make money doesn't fundamentally depend on how hard you work, but on whether you can seize the trend the times offer you. If you can grasp three to five such opportunities in your life, you'll be very comfortable."

In her view, AI is the window currently opening in this era, similar to Beijing's second-ring road property 20 years ago, or Apple stock 20 years ago. "Buying an Apple phone 20 years ago wasn't important, but buying Apple stock 20 years ago was. What we need to think about now is: in this AI era, what is the Apple of 20 years ago?"

The answer to this question is precisely what she is continuously searching for, using her traditional financial research perspective, at the intersection of crypto and US stocks.

Understanding the 'Trump Trade': Finding Entry Points When Others Panic

Asked about her most profitable recent investments, Lin Wanwan mentioned buying dips during market lows last year during the tariffs period and this year during the war, notably buying Nvidia around $93.

The logic supporting these two operations stemmed from her research on Trump after he took office but before the trade war:

First, she reviewed the market reactions during the previous Trump administration cycle. "Trump has a nickname, 'The Don,' and he essentially has a very high understanding of the US stock market. I re-examined how the market reacted to his policies during his last term – tariffs caused market crashes, followed by very strong reversals."

Second, she read Trump's autobiography. She identified two prominent traits from it: First, he is very fond of deliberate exaggeration, using "reasonable disinformation" as a negotiation tactic. Second, he is extremely skilled at using language to achieve the same effects as actual policies. "When he engages in this kind of language manipulation of the market, he is actually giving you an opportunity to buy in."

Around March and April last year, there was talk in the market about a "once-in-a-century depression like 1929." Lin Wanwan said she completely disagreed with this view. "I think this is exactly the opportunity Trump gives you. Both short-term traders and medium-term investors should thank Trump – the volatility he artificially creates gives traders many profitable opportunities on the upside."

She summarized an operational logic: Buy the rumor, sell the news, sell into certainty. The uncertainty Trump creates is, in fact, a signal to enter the market.

Crypto is a Game, US Stocks are Win-Win – Q&A with Lin Wanwan

What is the single asset you are most bullish on currently?

Nvidia. I think it has the potential to become the Apple of 20 years ago, so for me, it's a candidate for long-term holding, my core position. I have some conviction in it.

But Nvidia's performance hasn't been stellar this year; it's been consolidating. Will your conviction waver?

Indeed, it has been oscillating sideways in the $170-$200 range for quite a while this year, which tests one's patience. But precisely because of this, my attitude towards Nvidia differs from other hot sectors – I might trade other assets more flexibly, selling high, but I will keep a portion of Nvidia for long-term holding and won't touch it easily. A core position is a core position; you can't lose faith just because of short-term consolidation.

If you were given 1 million USD right now, how would you allocate it?

First, I would ask myself three questions: What are the liquidity requirements for this money? Will I need it in the next few years? Is my overall allocation framework already established? Does the current market offer more opportunities, or can my own personal alpha outperform the market?

Based on this framework, my current actual allocation is roughly: 40% in crypto, with Bitcoin as the core position; 30% in US stocks; and 30% held as cash reserves.

The reason for holding so much cash is that I believe there is still great potential for market volatility, including the fact that US stocks are currently at high levels. Keeping cash is about keeping your powder dry – when a real downturn comes, you won't already be fully invested, left powerless in the face of a truly great opportunity. With powder dry, you can act calmly when others panic.

What cognitive advice do you have for investors looking to move from crypto to US stocks?

I asked a friend why he doesn't buy US stocks. His reason was, "My opponents in the US stock market are Buffett and Duan Yongping; I feel like I can't win." This answer made me realize the difference between crypto thinking and US stock thinking is indeed enormous.

Crypto is a game mindset; you win by taking others' money. But US stocks are different – it's a more long-term investment logic. If Buffett makes money, I can make money too; we can learn their methodology and profit together. The capital capacity in the US stock market is huge; the 'big players' don't even care about our small money. As long as your methodology is good enough and you are patient enough, ordinary investors can achieve stable results in this market.

How should a beginner specifically get started with US stocks?

I suggest a two-step approach.

Step one, spend time learning the overall investment framework. Understand what determines stock prices – the macroeconomic environment, company financial reports, industry fundamentals. These are the foundation; you can't skip them.

Step two, you can learn the tool of CFDs and understand their role in amplifying leverage in US stocks. They are very suitable for event-driven short-term trading, like capturing the short-term rally following a confirmed ceasefire negotiation news. Using small capital with leverage to capture such opportunities with certainty offers good risk-reward. I believe platforms like Bitget that offer CFDs could very well produce star traders specializing in news-event trading in the future.