One Bitcoin is equivalent to a house in a third or fourth-tier city. In the early morning, the BTC price once reached a historic high of 790,000 yuan. Based on the average price of 6,500 yuan in third or fourth-tier cities, one Bitcoin price is definitely equivalent to a house. From the end of 2016 to the end of 2024, over 8 years, the price has increased by a full 100 times. In late 2016, it first touched 8,000 yuan, then plummeted to 4,600 yuan as the Spring Festival approached, if I remember correctly. At the beginning of 2017, 1.5 million cryptocurrency investors flooded into the market, all of whom were early participants. During this period, 99% of cryptocurrencies had not yet been born. In the summer of 2017, you all shouted in the group, 'One coin, one villa,' which almost made me laugh out loud. It seems I underestimated the power of technological innovation. I initially thought this was just a game of passing the buck or a Ponzi scheme. By 2019, I thought at most it was just a product like Kweichow Moutai. Who would have thought it could break into the top 10 globally and enter the first tier of core assets? Looking back at this history 8 years later, the 'one coin, one villa' dream did not materialize, but a market value of 16 trillion yuan is indeed shocking. No single asset in China has achieved this market value, and Kweichow Moutai is only worth about 2 trillion.
