#比特币对比代币化黄金 The story of BTC isn't over yet.

I've been thinking lately—why do some people always want to tokenize everything? Gold has worked for thousands of years, and now it needs to be put on-chain. But Bitcoin, from the very beginning, has been digital, global, decentralized—it was born to be that way.

These are actually two completely different paths. One is traditional assets looking for a new outfit, the other is something born for the chain. The former needs trusted intermediaries for endorsement, the latter relies on code and consensus.

Right now, when the market is hot, everyone is looking for entry opportunities, whether it's tokens tracking precious metals or mainstream cryptocurrencies. But the real question is: when the tide goes out, whose fundamentals are more solid? Whose participants are more genuine?

This isn’t just about asset selection—it's a vote on the very nature of Web3. Figuring out what you truly want is much more reassuring than blindly following the crowd.