Recently, the A-shares bull market has reached 4000 points, causing an article from ten years ago to suddenly become popular. An article published by the People's Daily on April 21, 2015 (Is 4000 points the beginning of the A-shares bull market?).
Upon closer inspection of this article, it surprisingly mentioned Bitcoin, which is the paragraph below.
Looking back at this statement now, it is somewhat ironic because the author was completely wrong.
Ten years ago, the price of Bitcoin was only 200 dollars, while now it is 110000 dollars. It has increased 500 times in the past decade. If it is a bubble, why has it increased 500 times?
Ten years ago, the A-shares were at 4000 points, and ten years later they are still at 4000 points. Of course, considering dividends and bonuses, there is still a profit.
Was there really no bubble in the A-shares in April 2015? Then why did the stock market crash in June 2015?
Have you ever thought about a question: why did the author say that at the time? Did he really think so, or did he have to carry a certain stance?
In this world, the information that ordinary people come into contact with may not necessarily be the truth. Especially in the media and financial institutions, there are things that cannot be said and things that must be said, and many statements carry a fixed stance.
This can't be talked about too deeply; those who understand know.
Many people regret why they didn't buy Bitcoin ten years ago, but really, in the context of that time, you would only think it was a scam; that was the perception of most people at that time.
If you bought it at that time and held on until now, it means your perception has surpassed that of most people, standing against the majority; then making money is what you deserve.
So, this world is filled with many illusions, and wealth is the realization of perception.
Sometimes you think it is a bubble, but it turns out to be a real investment. Sometimes you think you are making an investment, but it is actually just a flower in the mirror and the moon in the water.
Finally, the 4-year cycle has arrived, and I firmly hold a bearish view on Bitcoin.
The price of Bitcoin when the post was made: 108400 USD
