To the eyes of the post-00s generation, Bitcoin has already been categorized alongside Maotai and real estate as 'old man assets.'

Many 90s and 80s generations might disagree: isn't Bitcoin the coolest, most rebellious, and most futuristic thing around? But to the new generation, it's becoming 'boring':
1️⃣ The narrative has become fixed 📉
From a 'tool against banks' to 'digital gold,' and now to 'ETF asset allocation.' Each 'upgrade' actually represents the co-optation of Bitcoin's rebellious spirit. It's becoming increasingly stable, yet also more like real estate—pricing power lies in the hands of large institutions and old money.
2️⃣ Misaligned 'life stages' ⏳
Those born in the 70s benefited from the boom in gold and real estate;
Those born in the 80s and 90s witnessed the skyrocketing of Moutai and Bitcoin. For those born in the 00s, the most lucrative phases of these assets have already passed; entering the market now feels more like 'taking over' for previous generations or gambling, rather than an opportunity to change one's destiny.
3️⃣ What do those born in the 00s truly want? 🚀
Compared to 'long-term stability', this generation of young people values:
Sense of participation: Can I change the outcome? (e.g., Meme, prediction markets)
Narrative space: The rules are not yet set in stone, and status is not yet solidified.
Decentralization of authority: Refusing to be defined by old money, seeking a 'narrative' that belongs to their own era.

💡 The assets themselves are not wrong; the misalignment lies in the 'intergenerational dividends'. Each generation is looking for its own battlefield. It's not about denying value but proclaiming: we want to find a category that belongs to our era.

Mature investors should not be busy 'educating' young people but should learn from them, seeing where the narratives of the new world are unfolding.