Why do some people say that Bitcoin can rise to 1 million?

If you want to talk about the rise and fall, then talk about it. It will continue to rise in the future and will continue until another globally recognized encrypted decentralized currency replaces it.

The value of any kind of thing in this world is 0 at first. Because of people, things have value. People want to eat, so food has value. People want to wear clothes, so fabrics have value. Such modern items, such as stamp collectors, various monkey stamps, a little red on the vast rivers and mountains, are sold for tens of millions. Those who like the second dimension, a wall of hand-made figures, a house in Beijing, Shanghai and Guangzhou, as well as antiques, jade, jewelry, gold, etc., are all because some people recognize it, it has value. The more people recognize it, the greater its value. When the next generation and the next generation, children don’t collect stamps anymore, don’t know about this thing, and don’t recognize it, then the value of the so-called monkey stamps and various stamps is not as good as a piece of toilet paper, that is, it will rot in your hands. The same is true for other antiques, jade, hand-made figures, diamonds, etc.

Bitcoin is a bit special, it is encrypted and decentralized. I can assert that based on this feature alone, it is still valuable even if more than 200 countries around the world boycott it. There are many people and many countries in the world that currently recognize it, so it will not fall. For example, recently, I remember it was two weeks ago, Russia to our north introduced a law to legalize mining, which is also recognizing Bitcoin. This is its current value. The more people and countries recognize it, the faster its value will grow. I see that many people in the comment area have a lack of cognition. They lack cognition of the essence of things and the world. You copy me, I copy you, so naturally there is no substantial content. #美国7月PPI低于预期 #新币挖矿TON #美联储何时降息?