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On Tether and the Real Bull Market Coming in 2021, according to DFund investor/Renrenbit Founder Zhao Dong

In an interview with Jinse Finance, CEO of Renrenbit, Zhao Dong, also an early investor in Bitfinex and also a partner at the investment fund DFund, talks about the firm's change in investment strategy and also the current market, which he claims is nowhere near a bull market.

Question: You mentioned that in the previous bull market, DFund's investment strategy was premised on the layout of the industry, but you also said you lost a lot of money from that strategy. You then built Renrenbit and also invested in WOOTRADE (Krono, a quantitative research firm, spun out dark pool), has the DFund investment strategy changed much?

Zhao: Our investment logic has not changed, but the execution was previously wrong. We should try to invest as little as possible and focus on investing in just good projects. We should focus on quality projects, but the execution went unmonitored, resulting in us investing in sixty or seventy projects. We should stick to the original thesis a...

 


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