#比特币价格波动 Seeing Wang Feng's discussion, what comes to mind are the scenes I've witnessed over the years. When Bitcoin broke through $1,000 in 2013, many said it was crazy. In 2017, when it surged near $20,000, more people shouted bubble. Looking back now, those mocked "price imaginations" have long become historical coordinates.

His point about the "universal consensus on scarcity" hits the core. This is not a new concept; the reason gold has remained valuable for thousands of years is because all of humanity recognizes its scarcity. Bitcoin is following the same path, just replacing the medium with mathematics and code. Now, with the addition of the AI wave, sovereign currency devaluation expectations, and other new variables, the logic becomes clearer—when all countries are printing money, how strong will people's desire be for certainty in scarce assets?

I have experienced several cycles and learned that the most important lesson is: true upward movement does not happen during heated debates but brews in doubt. There are still many voices arguing about Bitcoin's rationality, which precisely indicates that consensus has not yet been fully established. When those institutions, countries, and ordinary people who are now invisible and unimaginable start pouring in, the price often already surpasses all current expectations.

Don't rush; it's indeed time to let the bullets fly for a while. But the direction of their flight has been clearly pointed out by history.