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Why believe in Bitcoin?
Bitcoin has broken through $100,000, and nearly 200,000 people have liquidated their positions. Bitcoin doesn't have traditional fundamentals, but do gold and diamonds have fundamentals?
Jokingly, we can say that Bitcoin has two major fundamentals: first, belief. Believing in Bitcoin as a digital currency, with a limited supply, has a fixed value as a pricing basis, comparable to gold; second, money laundering. There are too many gray markets in this world, and Putin just said he also needs Bitcoin for money laundering.
In 2011, one Bitcoin was worth $10. Thirteen years later, the price of Bitcoin is as crazy as the Dutch tulip mania, and there are certainly other reasons for this. Currently, BTC has surged to over $100,000. It may go even higher in the future. Bitcoin has entered the next stage, not just a game in the crypto circle, but a global capital game. In the future, more countries should participate.
For investments, at any time, we must be aware of the risks. Soaring prices and selling off, plummeting prices and buying in.
Bitcoin has broken through $100,000, and nearly 200,000 people have liquidated their positions. Bitcoin doesn't have traditional fundamentals, but do gold and diamonds have fundamentals?
Jokingly, we can say that Bitcoin has two major fundamentals: first, belief. Believing in Bitcoin as a digital currency, with a limited supply, has a fixed value as a pricing basis, comparable to gold; second, money laundering. There are too many gray markets in this world, and Putin just said he also needs Bitcoin for money laundering.
In 2011, one Bitcoin was worth $10. Thirteen years later, the price of Bitcoin is as crazy as the Dutch tulip mania, and there are certainly other reasons for this. Currently, BTC has surged to over $100,000. It may go even higher in the future. Bitcoin has entered the next stage, not just a game in the crypto circle, but a global capital game. In the future, more countries should participate.
For investments, at any time, we must be aware of the risks. Soaring prices and selling off, plummeting prices and buying in.
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