In the global capital market, the stock god Warren Buffett leads the mainstream investment industry. In any investment field in the world, as long as there are people who are particularly successful in investment, they will be called the so and so version of Warren Buffett. For example, Duan Yongping, Guo Guangchang, Zhang Lei and others have been known as the Chinese version of Buffett. This year, there is a particularly interesting phenomenon. There is a female version of Warren Buffett on Wall Street. She is Katherine wood, the female fund manager in charge of ark investment. The fund she holds has made extraordinary returns last year.

Why is it particularly interesting? The essence of Catherine and Wood's success is to bet on Tesla and bitcoin. These two investment varieties last year showed the best performance in the world, and no other varieties could afford them. Ironically, in the eyes of Warren Buffett, the stock god in the mainstream investment circle, these two varieties belong to those that Berkshire can't touch. Stock god once expressed that their investment value is zero. So the question is, why do mainstream investment leaders think that varieties with zero investment value have become the best growing varieties in recent years, while Catherine wood, who goes against the mainstream, has become the female version of Warren Buffett?

This phenomenon has led to a divergence of concern among the global investment community, that is, how far can bitcoin, which is not recognized by the mainstream investment community but performs exceptionally well, go? At present, there are very big differences on this issue. Most people agree with the mainstream view that bitcoin is a game of drumming and passing flowers, a tulip and Ponzi scam, and a conspiracy on Wall Street. Bitcoin can not be seen or touched. It has neither sovereign endorsement nor mainstream application scenarios. Any day may bubble away. A small number of people hold the opposite view. They think that the decentralized financial attribute of bitcoin blockchain represents the future of currency, and provides people with a desired anti devaluation, anti censorship, unlicensed, borderless, non discriminatory and negotiable financial asset, which has unlimited growth space.

Since the emergence of bitcoin, although the value of bitcoin has increased greatly, the growth process is full of twists and turns. From being transferred and collected only among programmers, not recognized by the mainstream investment circle at all, to soaring prices, gradually leading to the participation of minority groups in the mainstream investment circle, to now, Wall Street funds, institutions and listed companies are queuing up to enter, becoming a hot spot for financial media to track and report. To say that it is worthless, it's just a game of drumming and passing flowers. From the appearance of its violent fluctuation, it seems reasonable. However, no one can predict and judge the technical background of its composition, the development space of blockchain finance and the extensive application attributes in the future. Bitcoin has the inevitability of short-term termination.

The essence of money is a medium of storage and transaction. From shell, metal to paper money, every change has a process from non mainstream to mainstream. Before we traded with paper money, now WeChat, Alipay electronic payment, and digital currency are the natural consequences of the development of human society and technology. Blockchain distributed accounting is an advanced technology that has been widely recognized. It will lead a trust revolution in the future society, so digital currency will become a historical necessity. At present, bitcoin is only one of the advanced representatives. Before the emergence of the real ultimate representative, it will be an experiment and benchmark. There will be room for existence for quite a long time in the future. As for how far it can go in the end, it will not depend on human will, but will be determined by the development of science and technology.

(2021-3-22)