What is the core essence of Bitcoin?
The core essence of Bitcoin is the development of the entire currency circle. The increment of the entire currency circle. If you believe in the currency circle, you must believe that Bitcoin will continue to rise. Will there be a steady stream of funds in the B circle in the future? How far is the currency circle from large-scale applications? Bi An just released news that their users have exceeded 250 million, and then said that the number of large-scale application users should be 1 billion. So what we are betting on is this incremental market. To be precise, it is not betting. We are sure that it is an incremental market. There will be a steady stream of users and funds coming in, which will drive the continuous rise of Bitcoin. The funds here do not necessarily have to buy Bitcoin. They can buy cottages, buy other coins, speculate on contracts, do venture capital, etc. In the end, his funds will drive the price of Bitcoin up, because Bitcoin is the real king, and his market share has always been above 50%. In any other financial market, such as the stock market, bond market, foreign exchange market, futures market, etc., there has never been a target that can account for more than 50%. No other market is simpler and more convenient than the currency circle. We just need to recognize who the king is.