Any financial instrument in the world can become a financial weapon of the United States, the world's only financial hegemon, and Bitcoin is no exception.

Financial hegemony

Bitcoin hits $90,000

Recently, the price of Bitcoin, the pioneer and representative of virtual currency, has hit an all-time high of $90,000. The price shock brought about by this news has aroused widespread social attention and discussion.

Bitcoin

Once upon a time, any reader who pays attention to news related to the technology industry may have heard of such an interesting story, that is, using Bitcoin to buy pizza, which was even reported on CCTV News at the time.

Laszlo Hanyecz, an early Bitcoin enthusiast and programmer, spent 10,000 Bitcoins on two pizzas on May 22, 2010.

This transaction was recorded on the Bitcoin blockchain and became the first physical transaction in Bitcoin history.

The two most expensive pizzas in history, photographed by the Bitcoin owner himself

If the deal had happened today, it would have been worth a staggering $900 million, and the story is still a hot topic today.

Will Bitcoin continue to rise?

"Tulip mania", the world's earliest bubble economy event.

tulip

In China, this financial history event was recorded in middle school textbooks and thus widely circulated.

In 2020, as the prices of virtual currencies represented by Bitcoin soared, some people compared the virtual currency craze to tulip mania.

But Bitcoin enthusiasts who oppose this argument say that the tulip mania lasted only a few years before the bubble burst, while Bitcoin, which was born on January 3, 2009, has existed for 15 years and is still standing. The two are not comparable at all.

Especially after the rise of blockchain technology, it is leading a financial revolution. Many people believe that the future of Bitcoin will be even brighter, $100,000 will be within reach, and a million dollars will not be out of reach.

Crazy rise

What is the gray future of Bitcoin?

Traditional Currency - US Dollar

The original goal of virtual currency and blockchain was to replace traditional currency. However, traditional currency relies on national credit endorsement, while Bitcoin lacks this support. Despite this, Bitcoin still has two unique features:

1. It is enthusiastically sought after by a certain group of people, especially technology professionals and speculative capital.

2 Some countries have an ambiguous attitude and are in a gray area between regulation and non-regulation, especially the United States.

A typical financial bubble is divided into three stages:

The first stage is when there is an imbalance between supply and demand or a local craze, and prices rise;

In the second stage, there is a wealth effect and speculators flock in;

The third stage involved a large number of ordinary civilians, which began to bubble up, and finally prices plummeted and the market collapsed into chaos.

Bitcoin's current performance coincides with the characteristics of the second stage of the financial bubble, and has attracted a large number of speculators to enter the market.

Nowadays, news related to Bitcoin is filled with gray and black words such as theft, gambling, money laundering, and dark web.

Dark Web

The Chinese government completely banned domestic Bitcoin transactions in 2021, and even banned production-based mining activities.

However, the attitude of the US government is much more intriguing. If we use one word to describe it, many people may use "ambiguous", but I think another word - "ulterior motives" is more appropriate.

The "ulterior motives" of financial hegemony

The 21st century is the century of competition between China and the United States.

China-US Game

The United States, the world's only financial hegemonic country, has turned a blind eye to Bitcoin, a financial monster with a market value of 1.8 trillion US dollars. This has to be thought-provoking.

Opponents may think that there are many companies in the U.S. stock market with a market value of 2 trillion or 3 trillion U.S. dollars, and 1.8 trillion is nothing and not worth making a fuss about.

But in fact, leaving aside the bubble in the U.S. stock market, apart from China and the United States, almost no country in the world can withstand a financial shock of such a scale.

Even China and the United States will have to pay a huge price.

The cause of the 2008 financial crisis was the collapse of Lehman Brothers due to $613 billion in debt. The $1.8 trillion market value of Bitcoin is undoubtedly more potentially risky.

Some people may think that there is no evidence that the US government is manipulating the virtual currency market, so there is no need to worry too much.

But what I want to emphasize is that there is no such thing as turning a blind eye or indulging without reason.

In a dangerous waters controlled by top anglers, as long as the fat fish dare to touch the unknown, any item (financial instrument) will become the most deadly poison bait. The reason why the US government does not intervene may simply be that the fat fish has not yet taken the bait. #交易所BTC储备量创2018年以来新低