The Time of Bitcoin's Demise

Bitcoin is a virtual cryptocurrency proposed by Satoshi Nakamoto in 2008, which is not controlled by traditional financial institutions such as governments or banks. Its issuance and trading rely on the existence of the internet, allowing transactions to be conducted anywhere in the world. It also has value storage capabilities.

Basic Attributes:

Global circulation

Decentralization

No transaction fees

Anonymity and privacy protection

Having looked at the above points,

Bitcoin is inherently suitable for illegal activities (such as gambling, drug trafficking, arms trade, human organ trade, slavery, etc.) and gray market activities (such as smuggling, tax evasion, corruption, etc.).

The total economic volume in this global context is also quite large.

In addition, the support from certain governments and financial professionals makes its current high value quite normal.

Let's talk about the time of Bitcoin's demise. Bitcoin primarily relies on the combination of addresses and passwords to determine ownership. Once quantum computing matures, these security measures will be as flimsy as paper.

Time Point: I predict it will be on April 1, 2039.