Recently, I came across the story of Shen Yu again, and every time I do, I feel that his journey is truly worth pondering. From an ordinary engineering student to a legend in the crypto world, then nearly losing everything, and finally making a comeback—there's so much to reflect on in this process.

Speaking of which, Shen Yu's initial contact with Bitcoin was purely accidental. At the time, he was studying Communications Engineering at Beijing University of Chemical Technology. At 21 years old, he happened to see a report about Bitcoin in the library and dove right in. He spent every day on foreign forums and communities, reading discussions by Satoshi Nakamoto and early developers, gradually realizing that this thing might change something. His intuition was right.

By the age of 23, Shen Yu’s net worth had exceeded 100 million yuan, which was like a dream for a young person just out of college. But the crypto world is like that—two years later, due to market volatility and some poor decisions, his wealth was almost wiped out. Others might have fallen into despair, but Shen Yu didn’t. He got back up, founded China’s first Bitcoin mining pool—F2Pool, also known as Fish Pool. This time, he bet correctly, and Fish Pool quickly became one of the largest mining pools in the world.

Interestingly, after experiencing these ups and downs, Shen Yu’s perspective became clearer than many others. He saw firsthand how greed and fear caused people around him to crash in the crypto space, and he saw acquaintances lose their wealth and walk a desperate path. These experiences made him realize that what’s truly valuable isn’t the numbers in your account, but the lessons learned from failure and your understanding of the market.

Later, Shen Yu began to focus on other projects like Ethereum, continuing to seek opportunities in this field. Now he’s back at the top, but his mindset is completely different. He has started sharing his experiences to help more people understand the logic of the crypto world. Shen Yu’s story actually tells us that success in this market isn’t a one-time event, but something built through continuous decision-making, failure, and learning. Those who survive until the end are often not the smartest, but those who can adapt to change and reflect the most.