Let's consider an interesting hypothetical—what if you had 377 million yuan in capital at that time and faced a choice of asset allocation? What would be the outcome of choosing different directions?

First, let's look at the gold route. In 2014, gold prices fluctuated around 220 to 270 yuan per gram. If all of it was used to buy gold, based on the prices at that time and comparing to current gold prices, the returns would have at least quadrupled. 377 million yuan could have grown to nearly 1.5 billion. For a company with liabilities exceeding 2.2 billion yuan, this wouldn't solve all problems, but it would at least allow a breather, providing time and space to adjust strategies and address structural crises.

But that's not the most exciting part.

What if, at that time, the choice was Bitcoin or other crypto assets? From 2014 to now, what is the return on this path? Bitcoin has risen from a few thousand yuan to over a hundred thousand yuan, experiencing countless turbulent market cycles along the way. From another perspective, this is why some investors are still weighing the opportunity cost of early crypto asset investments.

Asset allocation is not just a numbers game. It reflects understanding of risk, market cycles, and long-term value judgment. Choosing gold is conservative, choosing crypto assets is aggressive—but being aggressive often brings unexpected returns.