#比特币市值排名 1. The Complex Emotions of Ecstasy and Unease

"Digital Gold" Finally Gains Mainstream Recognition

Watching Bitcoin's price break through $94,000 and its market capitalization surpassing tech giants like Google and Meta, I feel both excited and dazed. Once ridiculed as a "scam," cryptocurrency is now ranked alongside gold and oil as a core global asset. This cognitive shift is reminiscent of Bitcoin's journey from being labeled as "dark web currency" to becoming a "safe haven asset."

The "Survivor Bias" of Wealth Effect

The social media is filled with "get rich quick myths" (like early holders becoming billionaires), leading to a sense of "fear of missing out." However, looking back at the on-chain data: 76% of long-term Bitcoin holders have not sold, which means that ordinary retail investors who did not enter at the lows in 2024 can only buy at high prices now.