A few years ago, a senior I respected in the industry casually mentioned (in essence) that he believed Bitcoin's future was somewhat dangerous. Many of the "titles" and "labels" we attach to Bitcoin are actually worth questioning.

At the time, I was shocked by these words and couldn't believe this senior would say such things.

Even today, I don't quite agree with this statement.

However, since then, these words have often lingered in my mind, occasionally making me think wildly about Bitcoin's details.

A chance incident recently touched me.

While chatting with a friend, he casually mentioned that several years ago, he developed a habit of spending around ten thousand yuan each year to buy some small gold bars or gold beans, storing them in a corner, regardless of gold prices, whether they rise or fall, to give to the next generation in the future.

My friend said he doesn't understand stocks, doesn't dare to invest too much money in financial products, has a comfortable life but not much spare cash, and after much thought, didn't know what to do with occasional extra money, so he decided to use some to buy gold. Anyway, this amount of money doesn't affect his life at all, and he doesn't expect it to change his life.

In his daily life, no one constantly tells him how precious, rare, or valuable gold is, or whether it will appreciate in the future.

But his most fundamental behavior is a genuine reflection of using gold as a "value storage".

I guess this might be the 5,000-year history suddenly awakening his deep-rooted impression of gold.

In contrast, most of us in the crypto ecosystem, while constantly shouting "Bitcoin is a value storage", when discussing buying Bitcoin and leaving it untouched for 10 years, many people complain "it's taking too long", "the time is too long", and might even secretly worry "it won't go to zero, right?"

On one side are ordinary people who buy gold without anyone promoting it and then forget about it; on the other side are most crypto asset participants who constantly watch Bitcoin's price fluctuations despite constantly promoting Bitcoin.

Which of these behaviors truly treats the investment target as a "value storage"?

A comment from a reader that I found very insightful: "Most don't dare to buy it (Bitcoin) for value storage", "they just want to obtain more fiat currency".

Because of these experiences, I shared some recent thoughts about Bitcoin in yesterday's article.

As for the future, I believe more and more people will enter the crypto ecosystem. So when more people enter this ecosystem, will Bitcoin's attributes be more like a "collectible" or more like a "digital gold for value storage"?

Let's leave it to time to verify.

Personally, I lean towards it being more like a "collectible" - the first incomparably beautiful technological masterpiece humans created using technology, which created a decentralized world and opened an unprecedented on-chain era in human history.

Since it's a collectible, its value must be closely related to the ecosystem:

When more people enter the crypto ecosystem and it becomes more prosperous, this collectible's value/price will increase; but when fewer people enter the crypto ecosystem and it becomes more sluggish, this collectible's value/price will decrease.

This has little to do with concepts like risk hedging or asset protection.

Following this train of thought, we should focus on how to prosper the crypto ecosystem and promote its healthy growth.

To prosper the crypto ecosystem and promote its healthy growth, we must focus on examining products and services that truly provide services/value and can generate cash flow.

I believe this collectible's future is bright because I believe the crypto ecosystem can provide great services and value, and the on-chain Nvidia or Apple will definitely emerge in the crypto ecosystem.