A Bitcoin OG wallet dormant for years suddenly sprang back to life: 8.18 BTC bought for around $470 back then are now worth about $660,000—a paper gain of more than 1,400x. CZ commented on this, saying that Bitcoin is not a store of value; it keeps appreciating.
That remark actually gets to the heart of a common misconception about BTC. “Store of value” is closer to the logic of gold—preserving purchasing power. Bitcoin follows a different path: its supply is fixed, and halvings keep reducing the rate of new supply. As demand continues to grow, its price floor trends upward over the long term. It doesn’t carry today’s purchasing power intact into the future; instead, it amplifies the conviction and patience of early holders.
But the flip side of a 1,400x gain is the ordeal of holding for an exceptionally long time: along the way, there were countless crashes, doubts, and predictions that it would go to zero, yet the OG still never sold. Ordinary investors don’t need to idolize wallets like this, but it’s worth considering one question: if you can’t hold an asset through an entire cycle, you’ll probably miss its major rally.
In your view, is Bitcoin more like “digital gold” or a highly volatile long-term growth asset?
#比特币 #BTC #Cryptocurrency
That remark actually gets to the heart of a common misconception about BTC. “Store of value” is closer to the logic of gold—preserving purchasing power. Bitcoin follows a different path: its supply is fixed, and halvings keep reducing the rate of new supply. As demand continues to grow, its price floor trends upward over the long term. It doesn’t carry today’s purchasing power intact into the future; instead, it amplifies the conviction and patience of early holders.
But the flip side of a 1,400x gain is the ordeal of holding for an exceptionally long time: along the way, there were countless crashes, doubts, and predictions that it would go to zero, yet the OG still never sold. Ordinary investors don’t need to idolize wallets like this, but it’s worth considering one question: if you can’t hold an asset through an entire cycle, you’ll probably miss its major rally.
In your view, is Bitcoin more like “digital gold” or a highly volatile long-term growth asset?
#比特币 #BTC #Cryptocurrency