The United States' national debt has soared to 35 trillion. In such a situation, how could the US relieve the pressure without taking measures to gain certain advantages? Many assert that Bitcoin has the edge of a limited supply and is even scarcer than gold.
However, is Bitcoin truly the sole virtual currency of its kind in the world? At present, there are more than 20,000 similar virtual currencies in the market. One day it's Bitcoin that grabs the spotlight, another day it's Ethereum, and then it's Dogecoin. So, where exactly is the so - called limited supply characteristic? This bubble is continuously being inflated, resulting in a ceaseless influx of speculators. Some may profit while others will incur losses.
Most of those engaged in such speculative activities don't consider themselves to be the ones on the losing end.
The value of Bitcoin often stems from the endorsements of the wealthy. Ordinary individuals yearn to seize the opportunity to amass wealth, but this is highly dependent on the actions of the wealthy. Whenever there is a significant exchange event, the market might crash and experience a sharp decline. Subsequently, capital will be re - invested and the price could soar again. This pattern persists and continues to allure new investors.
If China were to get involved someday, and if the Bitcoin trading network were to be shut down, it could potentially lead to the evaporation of everyone's wealth.
$XRP $PEPE $DOGE
#ETHHits4KAgain #MarketNewHype #ETHHits4KAgain #MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #BinanceLaunchpoolVANA