Suddenly I remembered my old boss. He has a PhD in finance and is well-read in classic financial works both at home and abroad. He started out with nothing, as a mere scholar, and entered the internet finance field in a steady, careful, no-frills way. In less than 4 years, he made tens of millions of yuan and safely exited. But he still couldn’t understand Bitcoin. He even said that, despite his more than 10 years of experience in finance, he couldn’t find the value of Bitcoin and blockchain.

Even so, he still envied me—someone who knows nothing at all, only writes articles and blows things up. He said that person made money in the bull market. I guess this was around when Bitcoin dropped to over 20,000 yuan—he asked me, saying he had a friend who wanted to buy Bitcoin; could he get in now? I told him, yes. After a while, he asked me again—his friend wanted to ask when he could sell. I told him to have his friend hold on to it, treat it as asset allocation, and stay bullish in the long run. I guess that now, he probably still hasn’t managed to hold onto Bitcoin…