I just came across a reflection by Hal Finney from 2011 that is quite interesting. At that time, when Bitcoin was just in its early years, he already saw something that many did not want to understand.

What he said was simple but profound: each day that passed without Bitcoin collapsing due to legal or technical problems, the probability that it would ultimately succeed increased. And that, according to his logic, justified a higher price.

Think about it carefully. In 2011, most saw Bitcoin as a risky experiment. Regulators didn't know what to do with it, there were constant technical concerns, and no one knew if it would survive. But Finney was observing something different: every obstacle Bitcoin overcame without breaking was evidence that it could work in the long term.

It's the kind of thinking that separates those who truly understand markets from those who only follow the noise. It wasn't about hype or speculation; it was about the resilience of the protocol and what that implied for its future value.

More than a decade later, it's easy to see how right he was. Bitcoin not only survived those first critical years but became what it is today. Those who understood that logic in 2011 saw opportunities where others only saw risk.