For many years, there has been a saying in the crypto space: 'The biggest risk of Bitcoin is not being able to hold it.' Essentially, 'not being able to hold it' is a matter of cognitive and informational disparity. Since the birth of Bitcoin's genesis block, 16 years have passed, and many still feel that Bitcoin is 'ethereal' and worry excessively. Rather than discussing 'What is the biggest risk of Bitcoin?', it might be better to explore whether people’s greatest concerns about Bitcoin's existence are really unnecessary...
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The 'virtual' attribute of crypto assets
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The harvesting tool of the United States?
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Financial inequality and unlimited issuance?
Some say that it's unfair for ordinary people today compared to early participants? This is what many refer to as financial inequality. In reality, the Bitcoin network and community information are open and fair; as a public blockchain, it lies there like a public resource, where anyone can access information and submit transactions to its network. It's just that some people are unwilling to understand and accept new things, unwilling to take a step forward.
Others claim that Bitcoin's cap of 21 million does not exist because its smallest unit is called a 'Satoshi', making it almost unlimited.
This is a somewhat strange viewpoint; changes in units have nothing to do with total quantity. 1 liter of water is enough for 1 person to drink; one cannot say that because it has 1000 mL, it can be divided among 1000 people. The unit has changed, but the total amount remains the same.
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Summary
Overall, most people's 'opposition' to Bitcoin is due to misunderstanding. The 'virtual' era is a thing of the past; Bitcoin has transitioned from being an obscure 'minor player' to a mainstream asset over the past 16 years, establishing a consensus and status that is increasingly solid, with the strength to compete alongside gold. The strong intervention from the United States is not necessarily a bad thing, but there remain many uncertainties that need to be approached with caution to avoid large fluctuations. I still believe that crypto and AI will jointly lead the future of the digital age.
