People often say that Bitcoin is digital gold, but many may overlook a detail. Gold hit a record high in August 2011, reaching around $2000 (slightly different across markets), and then what? A full 13 years of consolidation. During these 13 years, gold was cut in half to $1000, and it occasionally tried to break through $2000, but each time it was pushed back, with declines of over 20%.

Since gold has this kind of pattern, what about Bitcoin? Honestly, I also believe that in the long run, Bitcoin indeed has more potential than gold and is more suited to modern financial needs. But that doesn’t mean it can easily break through $150,000 in the short term. The market is never that gentle; it needs to show hope to everyone before a big surge, and most people need to be shaken out first. The fragrance of plum blossoms comes from the bitter cold, and this principle applies equally in the crypto world. Don’t be blinded by short-term small gains; preparing for the long term is the true way.