The proliferation of copycats will eventually become a black hole that swallows you. Only Bitcoin will give you reliable and generous returns.
Bitcoin is the perfect digital gold in the new technological era of mankind. Its attribute is to replace metal gold as a tool to fully counter the inflation of legal tender and a value retainer. Its ultimate role is to protect people's wealth from being harvested by the ever-expanding legal tender. It will also be because of its maturity that the value-bearing system of human society will be sound. Bitcoin will be able to effectively absorb any inflationary bubbles, allowing legal tender users to completely get rid of their weak position that is not equal to the coinage right. Therefore, Bitcoin is a reasonable balance to the coinage right.
Physical gold is essentially a crude version of the role Bitcoin is meant to play, and its shortcomings such as difficulty in portability, divisibility, storage, liquidity, and unlimited supply make it unable to fully serve as a means for humans to combat the endless inflation of fiat currency and fulfill the function of value storage. Its simplicity and functional shortcomings also make it difficult for inexperienced humans to recognize the true need for Bitcoin, leading to many misunderstandings about it. However, humanity genuinely needs a tool that can perfectly balance fiat currency inflation and completely maintain value without loss. New technologies in human history have given birth to such a perfect tool, which can fully meet the global public's need for personal wealth protection.
Bitcoin is the upgraded version of physical gold, and like the latter, its existence poses no harm to any country or society; instead, it promotes wealth fairness and the justice of the monetary system, contributes to the stability of the financial system, reduces social instability factors, and enhances the civilization of human society. Therefore, it is important to have a correct understanding of Bitcoin. The confusion in human understanding of blockchain technology applications and the proliferation of other virtual currencies arising from Bitcoin's rise are unhelpful to humanity.
As humanity gradually recognizes the complete nature of the monetary system, and due to the instinctive pursuit of a sound value-bearing system, Bitcoin cannot ultimately fail to succeed!
The process of Bitcoin's price increase and the principle of wealth protection are as follows:
Currently, the total amount of fiat currency in the world is approximately $100 trillion. Each of the over 20 million Bitcoins needs to reach $5 million to be equivalent to the total amount of fiat currency globally. As fiat currency continues to inflate, Bitcoin's price will rise in equivalence to protect wealth from depreciation.
If we equate the global wealth total of $550 trillion with Bitcoin's price, its price would need to rise to over $20 million per coin to reach a relatively stable target.
Therefore, even if in the future Bitcoin's price reaches a level equivalent to global fiat currency or wealth, people buying and holding it will not be at a loss. It will continue to appreciate unless fiat currency stops inflating, which it will not. With perpetual inflation of fiat currency, Bitcoin will perpetually appreciate. Thus, high-priced Bitcoin transactions will remain active in the future.
Humanity's understanding of Bitcoin is becoming clearer, and the consensus on its properties as digital gold will become increasingly widespread and solid.
Therefore, before Bitcoin's price reaches the aforementioned goals, in the next decade or two, its price will soar, backed by strong internal logic!
