After 16 years of countless internal and external blows and nearing zero, Bitcoin has gradually gained recognition from various countries. Even Russia, which was the first to ban Bitcoin, has lifted the ban, and Putin himself admitted that his understanding of Bitcoin was incorrect.

I believe this critical point is the approval of the Bitcoin ETF, because from that moment on, Bitcoin officially became a part of ordinary people's asset allocation in a form commonly seen among mainstream assets. After this, I firmly believe that Bitcoin will not return to zero. Note that it will not always be the best investment in the world, but it will not return to zero and will accelerate its recognition by everyone. This acceleration comes from imitation by various countries, and the 'official recognition' by governments will lead economists and mainstream media to start praising Bitcoin like sycophants— they remain the same, but this time it will be a positive Matthew effect, subsequently leading to a shift in ordinary people's perceptions.

Once the flywheel starts turning, it cannot be stopped. Some things may only make one step forward in 3 or 5 years, but once that critical point is passed, it could be 10 or 20 steps in a year. From 1994 to 2006, the number of internet users only accumulated to 100 million in 13 years. The internet was a niche thing at the time, but in the subsequent years, the number of internet users would increase by 100 million each year until universal internet access was achieved. This is the consensus critical point; once passed, it becomes an unstoppable positive flywheel. You have no idea what happened or why suddenly everyone supports it, builds on it, and invests in it— until 10 years later, even the most stubborn 'I won't buy, it has nothing to do with me' people will have to be swept along and join in, and then this field will be as ubiquitous as water and air, no longer recognized as existing, because it is in a 'natural state,' just like it has always existed, as you can no longer find anyone who hasn't joined.