The Time of Bitcoin's Demise
Bitcoin is a virtual cryptocurrency proposed by Satoshi Nakamoto in 2008, not controlled by traditional financial institutions such as governments or banks. Its issuance and trading rely on the existence of the internet, allowing transactions to take place anywhere in the world. Additionally, it has value storage capabilities.
Basic Attributes:
Global circulation
Decentralization
No transaction fees
Anonymity and privacy protection
Considering the above points,
Bitcoin is naturally suitable for illegal activities (prostitution, gambling, drugs, arms trafficking, organ trafficking, slavery, etc.) and gray activities (smuggling, tax evasion, corruption, etc.).
The total economic scale in this global area is also quite large.
Moreover, with the support of certain governments and financial figures, it is normal for it to be so expensive now.
Let’s talk about the time of Bitcoin's demise. Bitcoin mainly determines ownership based on a combination of addresses and passwords. Once quantum computers mature, these security measures will be as flimsy as paper.
Time Point: I expect it to be April 1, 2039.
