We all want reality to confirm our beliefs, don’t we?

Years ago, I talked to an older Swiss friend with a bit of an anarchist vibe. I thought maybe—just maybe—he’d get #Bitcoin. But he told me he preferred gold. Fair enough.

Fast forward to today, he messages me:

“Bro, gold’s outperformed Bitcoin. Guess I was right?”

I replied:

“Outperformed when? Yesterday? Here's the full BTC-to-gold chart—gold's been on a steady decline.”

He said:

“Yeah but gold did better last month.”

Even if gold consistently outperformed BTC for three months straight, that’s not the whole story. Bitcoin might’ve been consolidating, but when it moves—it often crushes those gold gains in a matter of weeks.

This kind of mindset is common. People say “Bitcoin’s great,” but the moment it drops from $200K to $190K, they go:

“Glad I didn’t buy. I’d be down right now.”

They ignore the fact that if they had stacked just 5,000 sats when they first heard about Bitcoin, that stack could’ve doubled by now.

And just for context, I met this friend when BTC was around $16K.

We see what we want to see.