Whether Bitcoin will rise to $1 million or even higher is by no means a simple question, but an important issue that deserves our in-depth exploration of the underlying logic and potential impact.
When the price of Bitcoin has climbed to such a high level, its essence has gone beyond the scope of technology and investment and has evolved into a political issue concerning social equity and power structure. The total amount of Bitcoin is constant, and it has the characteristics of being non-increased, anonymous and unregulated. At present, most of it has been distributed, of which about 90% is concentrated in the hands of a very small number of wealthy people. This means that if Bitcoin becomes a universal means of value storage, then the current holders and their descendants will permanently control this part of wealth, and the future wealth distribution pattern will also be locked by it.
Bitcoin billionaires harbor the ultimate fantasy of 'being forever rich.' They avoid a key question: why is it that a few people can permanently occupy a share of wealth in human society simply by purchasing Bitcoin early? From a technical perspective, replicating Bitcoin is not difficult; from an investment standpoint, it has no actual physical output and no substantial contribution to human development, but rather brings many costs. They dare not face this questioning directly, instead vaguely using 'early investors have vision' as an excuse.
Now, Bitcoin billionaires are attempting to use the power of the government to endorse their wealth status, trying to launder Bitcoin and include it in strategic reserves, in order to consolidate their interests and extract more wealth. This behavior has nothing to do with technological advancement or human well-being; it is merely a means for a few people to pursue the permanence of their wealth.
What kind of existence is the consensus on the value of Bitcoin? Is the wealth logic behind it reasonable? This is something that each of us should think carefully about, rather than blindly following the trend to participate in this seemingly tempting but actually hidden wealth game.
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