A yellowed old newspaper headline cuts straight to the market’s heated debate of the time: Bitcoin—Perfect Money or Ponzi Scheme? Decades ago, mainstream media and economists overwhelmingly dismissed it as a bubble, a scam, a speculative trap, questioning its lack of physical backing and reliance on new investors to sustain value; early adopters were mocked for paying a “smart tax.” Now, over a decade later, it has risen from worthlessness to become a major global asset class, with approved spot ETFs—once labeled a “scam,” it is now regarded as digital gold in countless portfolios. The market always defines the future through today’s understanding.