$GLXY（Galaxy Digital）每天都在努力工作，致力于为股东创造长期价值。 当然，我也希望我们的股价每天都能上涨，但我们无法控制市场上谁在买、谁在卖。 我们能做的，是为未来投资、抓住每一个机会，并吸引最优秀的人才。 我们对公司两大核心业务领域所看到的机遇感到非常兴奋。 我们的公司在员工持股比例方面，高于加密或数据中心行业的任何一家企业。 所以，是的——我们自己也在吃自己做的菜（意即我们与股东共同承担风险、共享回报）。 当前加密市场表现非常疲软。 我个人的判断是：经历了长时间的牛市之后，许多长期持有者正在重新平衡资产结构， 从过度集中的头寸中分散投资。 从中长期来看，这种资金分布过程是健康的； 但在短期内，就像一条“湿毛毯”——压制了市场价格。 我认为我们还没有看到本轮周期的高点。 我预计到年底时，美联储将迎来一位新的主席， 他会比市场目前预期的更加鸽派（宽松）。 希望这能提供足够的政策叙事，推动下一轮上涨。 我始终是 $GLXY 的长期多头（坚定看好者）。 $GLXY continues to work day after day building long term shareholder value. Of course, I wish our stock went up every day but we can’t control who buy and sells. What we can do is invest for the future, chase down loose balls, and recruit great talent. We are excited about the opportunities we see in both our main lines of business. Our company has a higher employee ownership than any company in either of our spaces (crypto or data centers). So yes, we eat our own cooking. The crypto markets have been very sluggish. My best guess is that after a very long bull market, lots of long term holders are rebalancing their net worths and diversifying away from massive concentrated holdings. This is healthy in the medium and long term as these positions get distributed. In the short run it’s a proverbial wet blanket and has weighed on prices. I do not think we have seen cycle highs. I think by year end we see a new Fed chair and he will be far more dovish than markets are used to. Hopefully that gives enough narrative to propel the next leg higher. I am a long term bull on $GLXY