Recently, a piece of news stirred up the cryptocurrency world: Alipay is unexpectedly promoting cryptocurrency.
Thinking of the recent Bitcoin exceeding $100,000, there was a report from CCTV. Is this a sign of reform and opening up? Is spring coming?
At first, I thought someone was messing around with altered images, so I quickly opened Alipay and indeed found such a fund.
It turns out that there is indeed cryptocurrency-related content in the introduction. I had previously said that when Bitcoin reaches $100,000, traditional media would certainly deliver this news to everyone's mobile screens. But I didn't expect it to be in this way; Ma Baba is truly supportive and never forgets us ordinary people.
Now, with Trump about to take office, it is expected that he will strongly promote cryptocurrency in the US. As the second largest economy in the world, how should China respond?
If the US makes Bitcoin a strategic reserve while massively selling gold and changes the dollar's gold peg to a currency peg, leading to a significant devaluation of gold, will the world's wealth, controlled by those who have power over Bitcoin in the US, be harvested again?
After all, such things happened at the end of the Qing dynasty when the Qing dynasty used silver as the currency standard while Western countries had already started the gold standard.
So foreigners used a large amount of silver to buy a significant amount of goods and gold from China. China is a major holder of silver, but its national strength is too weak, and its understanding of the world's currency standard is very lacking.
This led to a decrease in gold reserves and an increase in silver, not knowing that silver was gradually becoming an ordinary metal internationally. Furthermore, Europeans plundered large amounts of silver from the Americas, causing the price of silver to decline.
In 1850, the gold-silver ratio in Europe was between 1:15-20, and by the end of the 19th century, this value reached above 30.
Foreign merchants brought large quantities of silver to China, exchanged it for gold, took it to Europe for more silver, and kept repeating the process. The profit for each cycle could be 50-100%.
For example, foreign merchants could exchange 100 taels of silver in China for 10 taels of gold, which could then be exchanged for 150 taels of silver in Europe. It was only when the Qing dynasty realized this that it discovered it had accumulated a pile of silver.
To exaggerate a bit, internationally, it is not much different from waste paper, with purchasing power far lower than gold, and the wealth of the Qing government was thus plundered.
So, years later, when Western and European countries use Bitcoin as a reserve and as a common settlement currency for international trade, what will the scene be like when gold and the dollar are weakened?
Recently, Binance's boss CZ also commented on the situation of China holding cryptocurrencies. He first mentioned that China's cryptocurrency trading volume accounts for over 30% of the global total.
He later stated that if the US can prevent China from holding gold reserves (weakening gold's hard currency attribute is also a form of prevention), then it is inevitable that China will establish its own Bitcoin reserves.
It is important to note that currently, 109 countries worldwide have joined the central bank digital currency alliance, and China is the number one player in this alliance. What would it mean if China really started buying Bitcoin in large quantities?
China is likely to secretly accumulate a large amount of Bitcoin and only announce this news when the time is ripe.
In addition, as more and more countries join, a world financial system led by G7 countries will eventually collapse, and it will be replaced by the 'Bitcoin G7'.
What is 'Bitcoin G7'?
In simple terms, it means that developed countries led by the United States have united to use Bitcoin as a replacement for the US dollar as the world's reserve currency in order to maintain the international financial order.
Does it sound a bit familiar?
That's right, this is actually the idea that Zuckerberg proposed for the Libra currency in 2018. At that time, Trump knew very little about Bitcoin and vetoed it, but now the concept of 'Bitcoin G7' has been brought up again.
Here is a brief introduction to Libra; you must know this in the cryptocurrency world.
Libra is the virtual cryptocurrency launched by Facebook. Libra is a type of digital currency that does not seek stability against the US dollar but aims for relative stability in actual purchasing power.
Initially, Libra was a cryptocurrency backed by a basket of low-volatility assets valued in four fiat currencies: the US dollar, British pound, euro, and Japanese yen.
Libra is not issued on Ethereum; its blockchain technology is not based on Ethereum. The Libra project has its own blockchain technology aimed at establishing a global payment system.
The Libra blockchain is built from scratch, and Facebook's Libra cryptocurrency project has the support of seven well-known companies, including Visa, MasterCard, and PayPal.
From the perspective of platform advantages, brand recognition, and stability, Libra has already surpassed 95% of blockchain startups in the industry.
Compared to other cryptocurrencies, Libra is born with a silver spoon, and what Facebook is trying to do may not be just a new digital currency.
The Libra white paper shows that Libra aims to create a comprehensive platform for decentralized blockchain, low-volatility cryptocurrency, and smart contracts.
But ultimately, it was difficult to launch, and it was OVER before it even debuted.
For decentralized things, it's best if everything is decentralized, just like the internet. Once created, unless the whole world loses power, no one can control it or stop it. Only BTC has achieved this.
So BTC is unique; everything else is not.
Once the Bitcoin G7 is established and used by Western countries, countries without Bitcoin reserves will be harvested again, as decades of effort in accumulating old currency reserves will depreciate alongside the rising Bitcoin prices, ending up as lambs to the slaughter.
Mr. Lu Xun once said that one cannot always keep one’s head down to work; one must also look up to see the road and the trends.
Why is BTC so powerful?
Because BTC is not only an investment product but also a store of value and freedom; no one can freeze your wealth.
It is certainly something you can control at any time; you carry it with you and fly freely. This is the utopian hope of everyone, and this is the greatness of Satoshi Nakamoto.
Only BTC can achieve this, so it is unique.