Lao Gao explains why he doesn’t buy Bitcoin: The possibility of BTC dropping to zero is not zero! Hackers may hack into your brain to steal private keys.

Famous YouTuber Lao Gao released a member video yesterday, discussing his latest views on Bitcoin. He believes that Bitcoin's value has been recognized by some countries and institutions, becoming a financial asset with 'credit endorsement'. However, he also warns that Bitcoin could drop to zero at any moment. The volatility and security risks of the Bitcoin market make its risks significant. (Background: Lao Gao predicts that the 'January and July disasters' of 2025 may really happen? Which economic collapse moments will coincide?) (Background information: Lao Gao on the Metaverse: It will completely change the world! Cryptocurrencies and NFTs are important to the virtual world.) The famous YouTube channel 'Mr & Mrs Gao' saw Lao Gao release a member video yesterday (Why I don't have Bitcoin, and the real reason you shouldn't have Bitcoin either). He bluntly stated that Bitcoin's value is gradually being recognized by some countries and institutions, but at the same time, he reminds investors to carefully consider the timing of their entry and be wary of hidden risks. Bitcoin's status as a financial asset is stabilizing, but don't think about speculating to get rich. With Trump's victory, Lao Gao believes that the U.S. has begun to gradually recognize the existence of Bitcoin. While its legal status has not reached the level of currency, its recognition as a financial asset is gradually stabilizing, providing some support for its value. However, most other cryptocurrencies in the market have not received similar recognition, hence their values trend towards zero, requiring extra caution: There is no need to get tangled up in whether Bitcoin is based on air or whether it is a scam with no value. As long as Trump says it has value, it has value, even if it's just a string of numbers that can't be spent at all. Although Bitcoin's recognition has increased significantly, Lao Gao cautions that in the virtual currency market, traps far exceed opportunities. Most novice investors ultimately become trapped, and the number of cases of becoming wealthy is extremely small. Although Bitcoin has become part of asset allocation, the purpose of wealthy individuals buying Bitcoin is risk diversification, rather than speculating to get rich. Unless leveraged, wanting to get rich through Bitcoin is now impossible: Don’t think that Bitcoin is rising well now, and you can get rich overnight. I think the possibility of making two or three times your investment is there, but making two or three times is hard to get rich. To get rich, you need to achieve thousands or tens of thousands of times. Bitcoin could drop to zero at any moment. For those looking to purchase Bitcoin, Lao Gao mentioned the risks associated with holding Bitcoin, indicating that Bitcoin could become a target for hackers. Passwords are the core of asset security, and one must prevent hackers from stealing passwords through technical or social engineering means. He bluntly stated that hackers 'can sneak into your computer without you knowing' and even 'there is a possibility of hacking into your brain'. Lao Gao then mentioned the potential crises Bitcoin could face on a technical level, emphasizing that 'the possibility of Bitcoin dropping to zero is not completely absent.' Although Bitcoin is designed to be secure, it still faces potential threats such as 51% attacks and quantum computing, and it could also collapse in value due to large-scale power outages globally: In fact, a large-scale power outage is not even necessary, as Bitcoin miners are currently concentrated in certain countries, not scattered in every corner of the world. If a power outage occurs in areas where these miners are concentrated, since Bitcoin requires enormous computing power, this would lead to the issue of 51% attacks. In places without power outages, some large miners could instantly gain control of Bitcoin, and it doesn’t even require a power outage; just a network disconnection would suffice. If more than half of the miners suddenly lose network access, that would also lead to a devastating blow. Another situation that could cause a 51% attack is quantum computing. When someone’s computing power exceeds 51%, it becomes centralized, its structure collapses, and its value drops to zero instantly. A call to avoid blindly following investment trends. Additionally, Lao Gao provided his views on the investment psychology of the Bitcoin market, believing that Bitcoin's high volatility is suitable for investors with strong psychological endurance. However, for conservative individuals or those unfamiliar with the market, they should carefully consider whether to participate. He pointed out that Bitcoin's value can soar due to celebrity statements or plummet due to sudden events, and investors need to be fully mentally prepared for this. Lao Gao concluded by urging that before investing in Bitcoin or any virtual currency, one should fully understand the relevant technical principles and legal environment, and make cautious decisions based on their own risk tolerance. Virtual assets are not suitable for everyone, and investment needs to be rational; do not hold a blind following or gambling mentality. As a highly volatile market, only investors who truly understand and accept its risks may find a place in this field: You can't expect it to keep rising forever like it is now. When it’s time to act, you should act; when it’s time to profit, you should profit. I think it’s hard to become a family heirloom. Just ask, how many Bitcoins do you want to pass on to the next generation? I think that’s difficult. So if you invest, you still need to consider when to sell, as that is what true investment means. Related Reports: Michael Saylor announces he will destroy all Bitcoin private keys after death: contributing to every person with BTC in the world. JPMorgan: 'Devaluation trading' is in vogue, Bitcoin becomes a more important investment! $78 billion flowed into the coin market last year, setting a record. From $200 to $100,000, a memoir of Bitcoin players who entered in 2013. "Lao Gao explains why he doesn’t buy Bitcoin: The possibility of BTC dropping to zero is not zero! Hackers may hack into your brain to steal private keys." This article was first published on BlockTempo (the most influential blockchain news media).