You don’t have to buy Bitcoin, nor do you have to buy anything else. But remember, cash is also an asset. Essentially, using cash to hold a proportion of the wealth in society and participate in the distribution of resources is no different from using any other asset for the same purpose. So what’s the difference? Some assets gain increasing consensus over time, attracting the wealth of others to you, while others lose consensus, causing your wealth to flow to others. This game is mandatory f...

You don’t have to buy Bitcoin, nor do you have to buy anything else. But remember, cash is also an asset. Essentially, using cash to hold a proportion of the wealth in society and participate in the distribution of resources is no different from using any other asset for the same purpose. So what’s the difference? Some assets gain increasing consensus over time, attracting the wealth of others to you, while others lose consensus, causing your wealth to flow to others. This game is mandatory f...

In recent years, a significant number of crypto millionaires have applied for Singapore immigration, seemingly unfazed by asset thresholds of tens of millions. This reflects the illusion of wealth expansion in the crypto world, but the reality is largely a pre-bubble burst mirage. The myth of "rags-to-riches" in the crypto world is often exaggerated. Most of the "wealth" exists only as numbers on paper, yet to be realized or integrated into the real economy. Those who truly profit are early e...

In recent years, a significant number of crypto millionaires have applied for Singapore immigration, seemingly unfazed by asset thresholds of tens of millions. This reflects the illusion of wealth expansion in the crypto world, but the reality is largely a pre-bubble burst mirage. The myth of "rags-to-riches" in the crypto world is often exaggerated. Most of the "wealth" exists only as numbers on paper, yet to be realized or integrated into the real economy. Those who truly profit are early e...