The concept of “Bitcoin Basilisk” could describe a situation where someone is introduced to the idea that Bitcoin is a winning strategy—an inevitable, transformative force in the future economy. However, despite the compelling logic, this person’s ego, preconceived notions, or biases prevent them from embracing or even exploring Bitcoin. They dismiss it out of hand, perhaps seeing it as a fad, a scam, or simply too complicated.

As time passes, Bitcoin continues to grow in value and adoption, proving that the initial insights were correct. This person, who could have been an early adopter and benefited from their foresight, instead becomes increasingly frustrated. What started as a well-meaning effort to help them prepare for the future turns into a bitter reminder of their missed opportunity. This sense of regret and loss only deepens as Bitcoin’s dominance solidifies, driving them further away from accepting it, even as its value and influence continue to rise.

The “Basilisk” part of the concept comes into play because the more this person reflects on their rejection of Bitcoin, the more painful and poisonous their feelings become. Their emotional resistance to Bitcoin grows in proportion to its success, paradoxically pushing them further from embracing the inevitable Bitcoin standard. This only delays their eventual acceptance, making it harder and more costly to adopt Bitcoin when they finally do, as its value has skyrocketed in the meantime.

In essence, the “Bitcoin Basilisk” refers to a cycle where an individual’s refusal to acknowledge Bitcoin due to ego and bias turns what could have been early adoption into a painful and self-defeating rejection, perpetuating their resistance even as Bitcoin’s success becomes more undeniable.