Got 100 Million Won Cash? Bitcoin · AI Cloud

He assessed that Bitcoin still has considerable volatility to look forward to, with 3 to 4 times upside potential. Additionally, he suggested the AI cloud sector as an alternative, judging that the current macroeconomic environment is favorable, making it a good time to study this field.

CEO Han Jeong-su described Bitcoin's upside potential as "still feeling like about three times," suggesting significant potential remains.

CEO Han Jeong-su explained that investing in Intel carries the nature of betting on U.S. semiconductor independence, but he is not betting a large portion of his portfolio with strong conviction. He added that the reason for investing money is to maintain interest and continue studying Intel and the foundry industry.

In particular, Anthropic's Q2 growth rate was 14-15 times year-over-year, and at its current revenue pace, it could surpass Google or NVIDIA in a few years. He analyzed that the high profitability of LLM (Large Language Model) companies generates great market expectations with each earnings release, and big tech's AI investment profitability is beginning to materialize this year.

He forecast a "second frenzy" in the AI market as the profitability of AI-related businesses invested in by big tech companies begins to materialize next year.

He predicted that because the AI sector already has a very large market size and a lot of capital invested, Anthropic's IPO would not cause the same kind of "absolute liquidity crunch" in the AI sector as SpaceX did in the space sector.

CEO Han Jeong-su evaluated Anthropic's Claude technology as "too outstanding" and analyzed that given its growth rate, it holds value that can significantly expand revenue solely with its current large language model (LLM) capabilities. He explained that Claude can be applied to various fields like biotech, and including the potential of unreleased latest models, a high valuation can be justified.

CEO Han Jeong-su evaluated Google as "a very promising bet among players that can win in the AI era." He stated that while the ultimate winner of the AI era cannot be declared, "Google doesn't seem like it will lose," emphasizing Google's strong position.

He likened it to Warren Buffett's indirect investment in Anthropic, adding that Amazon holds the largest stake in Anthropic, and Google also has a significant share.

This issue may be discussed during the U.S.-China summit when Xi Jinping visits the U.S. in September.

CEO Han Jeong-su mentioned that the performance and yield of Chinese-made memory chips are still insufficient, explaining, "The yield is very low, and they say it's still far from enough."

CEO Han Jeong-su explained that NVIDIA tends to evaluate where to support and invest, considering its incentive structure and ecosystem expansion. NVIDIA provides capital funding and guarantees to companies like Neocloud, beyond big tech firms, to support ecosystem expansion.

CEO Han Jeong-su suggested focusing on Bitcoin treasury companies like MicroStrategy that rapidly grow assets through financial engineering. These companies can achieve high returns through leverage plays, such as using rising Bitcoin prices as collateral to raise funds and purchase additional Bitcoin. However, he added that it is crucial to be wary of individual stock risks and Bitcoin dependence while selecting companies with financial engineering capabilities.

He predicted that Bitcoin is promising as an alternative asset given the current macroeconomic environment, and both gold and Bitcoin could benefit from rising Bitcoin prices. He added that the Bitcoin market still has many areas not yet incorporated into the institutional framework, leading to significant volatility, but this can be an opportunity for high returns.

CEO Han Jeong-su re-emphasized his asset allocation strategy, saying, "If I had 100 million won in cash, I would put half in Bitcoin and half in AI cloud." He judged that Bitcoin has significantly greater upside than gold, adding that gold's low volatility might not meet viewers' expectations.

CEO Han Jeong-su emphasized, "The most common reason people lose money is not because their investment hypothesis was wrong, but because they couldn't wait until it was right, or they chose to realize losses regardless of the correctness of their hypothesis." He advised that investors should not be swayed by short-term volatility and should maintain a long-term perspective, utilizing the advantage that individual investors, unlike institutional investors, are free from time pressure.

CEO Han Jeong-su used the analogy, "The weather is difficult to predict, but seasons are much easier to predict," emphasizing that it's more important to invest a lot of time and effort into one major decision and stick with it for several years, rather than making many short-term bets with 50% winning odds. He advised abandoning the desire to get rich quickly and refining investment decisions through continuous updates.

CEO Han Jeong-su stated that for novice investors, "starting with index investing is definitely the right approach." He explained that when you know nothing, it's better to invest in stocks than to hold cash, and index investing alone can put you in the top 10%. However, from there, he recommended a 'top-down' approach: expanding knowledge, moving through sector ETFs, and eventually narrowing down to individual stocks. He warned that approaching with a bottom-up method without knowledge can lead to frequent losses and doubts.