Bitcoin has recently hit a record high. Unless there are any unexpected events, it may often be in a state of "historical highs again" in the near future.
CCTV talked about the new high of Bitcoin these two days, and said that the next President, Mr. Trump, is preparing to make the United States the capital of cryptocurrency and establish a national strategic reserve of Bitcoin.
CCTV's talk about this matter itself has no impact on Bitcoin. Since its birth, Bitcoin has been a natural enemy of centralized fiat currency and naturally contrary to government power. It has suffered many attacks, slanders, and sanctions. Therefore, the long-term market trend of Bitcoin has always relied on itself and is only related to its own development. It has little to do with "which government recognizes it".
It's just that the news from CCTV conveyed a message to some Chinese people who were not aware of the truth, that is, this thing is not a pyramid scheme, a scam, or something illegal as many people with low IQ believe - after all, except for a very few countries in the world, everyone recognizes it, so it doesn't really matter whether these very few countries recognize it or not.
We all know that the most important attribute of "assets" is "recognition by others". Think about it carefully, is it true? Many things are recognized by the country and the government, but others do not recognize them. No one takes them. Can you say it is an asset? No. For example, some elderly people in rural areas have earned hundreds of thousands of yuan in their lifetime and bought a rural house in the mountains. Is it an asset? No, when the next round of urbanization begins, the mountains will slowly become ruins, people will leave, infrastructure will be dilapidated, and the quality of life of the remaining people will drop rapidly. Then these hundreds of thousands of yuan will be wasted - to put it bluntly, if this pile of steel and concrete is not willing to be taken over by the next person, it will be no different from a pile of shit on the side of the road, and their hard work in this life will be in vain.
So even if the Chinese government "doesn't like" Bitcoin - note that it means don't like it, not deny it. If you don't believe it, go and cheat some Bitcoins from others and see if the judge will treat it as game currency and sentence you - even if the Chinese government doesn't like it, even if all Chinese people don't like it, as long as Americans like it, British like it, Japanese like it, and Koreans like it, then it is valuable. Otherwise, Kim Jong-un wouldn't have to organize a hacker team to steal it, and the Chinese government wouldn't have to hold such a large amount of coins and not sell them.
Of course, governments naturally don’t like Bitcoin, which cannot be printed whenever they want. The governments on Earth that “like” it have tried to suppress it, failed, and admitted failure. In order to please a large number of holders, they “have to like” it. After all, if you don’t like it, other governments can attract a large number of people and money by “liking” it. They are just trapped in a prisoner’s dilemma, so they have to support it. Therefore, Bitcoin is a deterministic trend. Any attempt to obstruct it will only cause itself to fall behind due to late opening and late support. It will not change any of its development process except making itself worse.
So what is the value of Bitcoin? Is it simply consensus? First of all, consensus itself is a kind of value. Trump's presidency is the product of consensus. Almost all valuable things in our real life come from consensus - that is, the essence of holding an asset is that you judge that other people also want to own it. Otherwise, whether it is gold or a house, it is no different from shit.
But there must be a reason behind the consensus. Why Bitcoin instead of a leaf or a stone? Including gold, in the process of gathering a large amount of consensus, it also went through some competition. In the end, people found that shells can be picked up everywhere, fish are not easy to preserve, copper is too much, and the cost of obtaining some things is too low. In the end, gold did not win because of propaganda and brainwashing, but because its own characteristics defeated other things, so it became people's choice - that is, if a thing is valuable only by brainwashing people, it is not lasting and will be abandoned by people soon. It must be that the thing itself has the characteristics and foundation recognized by people, and then in the long history, people slowly gathered consensus on it. It can only be a spontaneous market behavior.
You can think of Bitcoin as another form of gold. After all, there is nothing better than gold in nature in the gold track, so we create something artificially. After all, gold also has many characteristics that are worth continuing to improve. But artificial creations will lead to a paradox, that is, if you can create this thing today, you can continue to create and print it tomorrow, then who will be willing to use it? So this thing must be like gold. Once it is created, an upper limit is set, and even the creator himself cannot continue to create, and this must be proved mathematically.
Therefore, compared with gold, the total amount of Bitcoin is more certain, easier to carry, easier to divide, and easier to transmit value. Each of its characteristics has been strengthened on the basis of the advantages of gold. It does not need to have other uses. It only needs to be better gold to have the greatest value. Of course, as the world's largest peer-to-peer decentralized value transmission system, Bitcoin itself can also be seen as a share of this system with huge value. For example, if I have multiple identities at the same time, I only need to buy it with RMB, transfer it to my other identity with a click, and then I can easily exchange it for the legal currency of any country I want. All of this makes the government's regulatory system and audit system almost meaningless, because its value transmission does not rely on the settlement center established by any government in the world, and it completely bypasses the government's power.
Someone said, aren't there many other coins? Yes, it's like there is gold, but there is also silver, copper, and iron. But what is the consensus of people? The market has the final say. Bitcoin is the first deterministic cryptocurrency. Without it, there would be no other coins, and there would be no entire blockchain market. Therefore, people's consensus will definitely focus on Bitcoin, not others, because "better" is a subjective value orientation, and "first" is something that cannot be changed, so it is the most secure decentralized value transmission network - because of its large market value and high price, people are more willing to participate in mining it, so its node participation is higher, so its degree of decentralization is also higher, so its system is safer, so its value as a value transmission system is greater, and so on, the cycle is mutually causal, resulting in its dominant position that cannot be broken.
So the next time someone says "he can also copy and create another Bitcoin", you know he is an outsider, because he doesn't know the consensus, and how much value Bitcoin has as the world's most secure and decentralized peer-to-peer value transfer system. Other things you create, even if the initial features are exactly the same as Bitcoin, but if there is no initial consensus, there will be no system value, no market value, and no way to transmit great value, and no consensus will be reached. This flywheel cannot turn, so it is worthless and is just a simple boring code.
Bitcoin is already one of the top ten assets in the world. Although its total market value is only 1/10 of that of gold, from another perspective, it started from nothing and has gone through the journey that gold took thousands of years to complete in just over a decade. This is also amazing - and the process is like this, in the early stages it may not seem fast enough in the eyes of some people, but when one day Bitcoin really reaches 1/2 of the market value of gold, the subsequent replacement speed will be very fast, because when it can really be entered by big funds and used as a reserve by many countries, its characteristics that far exceed gold in all aspects will be seen by everyone - that is, the reason why its market value is rising slowly now is simply because various channels have not given it enough convenience, so the speed at which it reaches ordinary people is still slow for the time being - compared with the height it should have reached.
Once its market value continues to grow and becomes an asset of the same level as gold, and can receive the same attention and access as gold, it will quickly surpass gold. That's how it works. #BTC创历史新高
