Cold winter anxiety is really too easy to create.

You will see various voices saying that Bitcoin has not outperformed gold, nor has it beaten the US stock market. From a broader perspective, it seems that all asset classes have left it behind in this round of market movement.

But there is a detail worth pondering—last May, I bought two Kingston DDR4 memory sticks, 3200Hz 16G specifications, at a price of 227 yuan each. At that time, the overall market sentiment was still in the bottom range, and everyone was generally bearish.

Recently, looking at the same product? The price has already surged. The increase in memory sticks and similar products is so outrageous that many people probably didn't expect it. What this reflects behind the scenes is actually inflationary pressure—from the chip supply chain to the consumer end, cost transmission is very real.

Looking at it from another angle, is Bitcoin's performance really that disappointing? The key may not be whether it outperforms gold or US stocks in speed, but rather in the context of the entire economic system, where all kinds of assets are under pressure, who can maintain their purchasing power. The skyrocketing prices of memory sticks illustrate this point—traditional commodity prices are rising rapidly, which precisely confirms the existence of some meaning in crypto assets.