There are a total of 21 million bitcoins in the world, worth about over 200 billion dollars at the current market price, exceeding Russia's GDP. However, bitcoin does not correspond to any actual production activities. What exactly supports its value?

To be honest, this is indeed a perplexing question. Let's talk about the differences between bitcoin and gold to see if we can make sense of it.

First of all, gold is a tangible thing; you can see and touch it. Mining gold is not easy; it requires a lot of effort and money. So gold is inherently not cheap.

Moreover, gold can also be made into jewelry. Wearing gold jewelry makes many people feel quite prestigious. Everyone believes that gold represents wealth and status.

But what about bitcoin? It is just a virtual thing that cannot be touched or seen. The government does not recognize it as legitimate currency. Think about it; it is not even a physical object, let alone having any practical use. Can you wear it as jewelry? Definitely not.

However, the price of bitcoin is actually higher than gold, and by a significant margin. This really confounds people. Economists must be scratching their heads.