Few people truly think it through: where does the money you earn actually come from?

The following chart breaks down all assets along two dimensions, explaining some things we might overlook:

1) Horizontal axis: Speculativeness: To what extent does the price come from emotion, narrative, and gambling;
2) Vertical axis: Technical content: To what extent does value come from genuine technological progress;

1️⃣ Government bonds, gold, address the issue of “not messing up,” not “becoming rich”;
2️⃣ Blue-chip stocks can compound, but their upper limit is defined by business maturity;
3️⃣ Hedge funds earn from human ability, not the assets themselves;
4️⃣ Tech stocks and VC investments rely on the dividends of the era, but failure is the norm.

Crypto happens to sit at the intersection of: high speculation × high technology.

This means you are facing the most raw human nature in gambling, as well as the earliest chaotic stage of technological transformation: a technical experiment field where prices lead before society fully understands.

It turns “cognitive gap” directly into “wealth gap,” with almost no buffer period. If you view it with the mindset of “certainty assets,” you will definitely feel anxious; but if you only consider it within the framework of “tech stocks,” you will underestimate the cycle.

Personally, I have one saying:

I believe for everyone: Crypto shouldn’t be your all hope, but it’s very likely the only “nonlinear opportunity” you can still bet on in your generation, and it’s on the verge of explosion. If you understand this, give a thumbs up!