In 2014, Bill Gates shrugged in front of the camera: "Is Bitcoin more convenient than paper money? Don’t be ridiculous." Seven years later, he quietly deleted this tweet; JPMorgan CEO Jamie Dimon once pointed at Bitcoin and called it a "scam", yet last year his bank launched a blockchain settlement system; the most astonishing is Elon Musk, who went from saying "cryptocurrency has no value" to going all in on Bitcoin using Tesla's balance sheet, changing his stance faster than a Falcon rocket.
Watching tech moguls collectively perform the "so delicious" law is more thrilling than binge-watching a series these days. The harsh words they used to criticize Bitcoin have now become cyber fossils of the internet—just dig up any news comment section from five years ago, and it's filled with retail investors' archaeological celebrations. But the truly terrifying thought is: when these smart people who hold the keys to global wealth collectively miss the mark, it may expose a fatal bug in the human cognitive system.
Do you think Wall Street is awake? In 2014, Goldman Sachs issued a 58-page report declaring Bitcoin dead, yet in 2021, they sent mass emails to clients asking: "Should we consider allocating 5% to cryptocurrency?" This surreal reality is more stimulating than Bitcoin’s candlestick charts. The most ironic is Ray Dalio; the founder of Bridgewater Associates declared three years ago that "Bitcoin has no intrinsic value", but last year suddenly changed his tune: "It could become digital gold", with a change in attitude more severe than the volatility of the crypto market.
Some see this plot twist as a joke, but it reminds me of Nietzsche’s saying, "What does not kill me makes me stronger." The survival history of Bitcoin over these fifteen years essentially validates a truth: all disruptive innovations are labeled as "absurd" by vested interests at birth. From steam engines being criticized for harming air quality to the early internet being regarded as a geek's toy, history always loops through the same arrogance.
When we mock Buffett for still insisting that "Bitcoin is rat poison", perhaps we should be more vigilant about our own "authority dependency" in thinking. After all, in the blockchain world, no one can monopolize the truth—this may be the truth that terrifies traditional elites the most. Those big shots who were slapped in the face by Bitcoin are merely performing in the emperor's new clothes at a historical turning point.