On the day Bitcoin is banned, there has actually been an answer to a similar issue for 90 years.
At that time, the U.S. government tied the value of the dollar to gold, issuing a $50 bill, which meant the government had at least $20 in real gold reserves to back it up. Federal law also strictly stipulated that the dollar could not be arbitrarily issued to protect the property of the people.
However, the end of gold began in 1933. To curb the economic crisis, President Roosevelt enacted the Gold Reserve Act, requiring citizens to surrender their gold to the Federal Reserve Bank in exchange for dollars, making private ownership of gold illegal and turning gold into national property.
Bitcoin seems to be facing a similar fate as gold. Gold is favored for its scarcity and store of value function, and Bitcoin inherits these characteristics. The total supply of Bitcoin is capped at 21 million, and it cannot be artificially increased, giving it a natural advantage against inflation.
In addition, the "Musk-themed dog" on the Ethereum chain is starting to shine. As one of the strongest concepts, its future development potential is enormous, and it may become the next phenomenal crypto asset like Shiba Inu, worthy of close attention and in-depth research from investors.
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