Once Bitcoin climbs above one hundred thousand dollars, it will transcend the realm of ordinary investors and, from a macro perspective, may even evolve into a strategic game between nations. In this context, three key questions are worth pondering deeply.
First, does Bitcoin really have the potential to surpass gold in market value?
Gold has a long and rich history, maintaining its status as hard currency from ancient times to the present, while Bitcoin, which has only been around for twenty years, seeks to challenge gold's position, which is indeed perplexing.
Gold has accumulated value over the years and is widely recognized globally, with a deep financial and cultural foundation. Although Bitcoin has emerged strongly in the digital domain, it faces numerous challenges and doubts in its goal to exceed gold's market value.
Second, what role does the United States intend to assign to Bitcoin?
Given Trump's business-oriented nature, Bitcoin might be seen as a potential tool to solve America's debt problems. If so, Bitcoin's current market value seems insufficient and still needs to expand further.
However, this brings up the tricky questions of how to realize profits and how to get other countries to 'take over'.
Will other countries easily accept Bitcoin priced at over one hundred thousand or even several hundred thousand dollars each?
The possibility is slim because blockchain technology is replicable and not unique to the United States; other countries can completely launch similar currencies like Middle Eastern coins, oil coins, SCO coins, etc.
If other countries refuse to take over, how will the United States respond?
Perhaps it will try to grant Bitcoin special rights, for example, in the future, holding 1 Bitcoin could provide an opportunity to obtain a U.S. green card, but this is merely speculative.
Third, can Bitcoin promote the progress of human civilization?
It is often said that the cryptocurrency market only fluctuates at the price level and has not created actual value.
Currently, the mainstream cryptocurrencies are mostly meme coins, which indeed lack merit in value creation. So can blockchain technology, represented by Bitcoin, inject momentum into the development of human civilization? Can its unique trust mechanism generate practical value of real significance?
This is an important question that Bitcoin must face and answer in its long-term development.