My configuration is actually not that complicated: BTC BNB SPCX QQQ SPY If I were to define this combination, I don't think it's called 'doomsday asset allocation', it's more like - I'm not betting on the US dollar, I'm betting on human productivity continuing to move forward in the next 20-30 years. BTC is the most unique one among them. It is the only thing I will truly hold for a long time to hedge against the risks of the traditional monetary system. I don't know if there will be major problems with the US dollar in the future, but the global debt is getting higher and the currency is becoming more easily diluted, and this trend is basically visible. So I am holding BTC in a position outside of the currency system. BNB is not a safe haven at all. I understand it as a 'platform stock' in the encrypted world. As long as the crypto industry continues to exist and more and more people come in to trade, distribute assets, and engage in on chain finance, then the top trading platforms and ecosystems themselves will have value. So when I take BNB, essentially I'm still bullish on the industrialization of crypto. Then there is SPCX. After SpaceX went public this year, I actually felt that it might be the most interesting part of my portfolio. Rockets Starlink、 Satellite communication AI、 Space infrastructure, any one of these things alone is enough to tell a ten-year story. What really attracts me is not the 'Musk concept', but its focus on a big direction: In the next few decades, human infrastructure will continue to move from the ground to orbit. The remaining QQ and SPY are quite boring. But sometimes investing requires something boring. QQQ buys the strongest batch of technology productivity in the United States, while SPY buys the entire large American company. I don't know who will ultimately win with AI; I can't guess who the next trillion dollar company will be. Then don't guess. Let the index replace me. So these positions of mine are actually doing the same thing: Changes in BTC collateral system, BNB encrypted finance continues to expand, SPCX focuses on space infrastructure, QQ betting technology productivity, SPY is betting on the long-term profitability of American companies. Of course, this configuration has a very obvious problem: It appears to have five assets, but in reality, the risk factors are highly overlapping. If global liquidity tightens, interest rates remain high for a long time, and risk appetite collapses, BTC, BNB, SPCX, and QQ are likely to be hit together, and SPY may not be able to stand alone. So I never package it as any 'all-weather combination'. This is a very clear offensive configuration. Others are worried about what the US dollar will do in the next thirty years, but I would rather think of another question: If we look back thirty years later, AI、crypto、 The commercialization of space has truly changed the world. What do I hold today? My answer is probably these few. In the so-called 'end of the world', this position may not be resistant to being beaten up at all. But if the apocalypse doesn't come, humans will continue to pursue technology, AI, financial innovation, rocket launches, satellite building, and productivity improvement—— I hope to sit at the card table all the time.