BTC has returned above 100,000. Around December 22, when the price dropped to about 92,000, I published several articles urging you to get on board. I wonder if anyone took action?
You can tell if a KOL's predictions about cycles and coin prices are accurate by looking at their historical articles. I started publishing daily articles urging people to get on board since the price was over 20,000 in 2023.
I don't know how you are, but I know that our community members are required to buy in firmly during declines. Long-term members have costs so low they’re unimaginable. New members quickly build positions after selecting good targets.
You ask me if it will rise or fall tomorrow; I don’t know. Next week, will it rise or fall? I also don’t know. Even gods don’t know. If the financial market could predict one second ahead, you would be the world's richest person. If you don't acknowledge this, you haven't even started.
But when you ask about the next two or three months, six months, or a year, my prediction accuracy is still very high.
It's not that I'm smarter than anyone else; it's just that I understand Bitcoin much better than you do, and I understand the cycles much better than you do.
Don’t believe it? Just keep reading, as the next article will also enhance your understanding of Bitcoin.
What is Bitcoin?
To put it simply, Bitcoin is the perfect digital gold of the new technological era, serving as a tool and value maintainer that competes against fiat currency inflation.
Its ultimate role is to protect people's wealth from being harvested by the endless inflation of fiat currency.
Its maturation will also help establish a sound value-bearing system in human society.
Bitcoin will effectively absorb any inflation bubble, allowing fiat currency users to completely break free from the disadvantaged position of unequal monetary rights; therefore, it is a reasonable balancing entity corresponding to monetary rights.
Metal gold is essentially a rudimentary version of the role Bitcoin is meant to undertake. Its disadvantages, such as being hard to carry, difficult to divide, hard to manage, limited liquidity and supply, and inability to preserve value precisely, make it incapable of fully serving as a means to combat the endless inflation of fiat currency and storage of value.
Its simplicity and functional shortcomings also make it difficult for inexperienced individuals to recognize the true need for Bitcoin and lead to many misunderstandings about it.
However, humanity indeed needs a tool that perfectly balances fiat currency inflation and precisely maintains value without loss.
New technologies have given birth to such refined tools in human development history, fully meeting the global public's need for personal wealth protection.
Bitcoin is essentially an upgrade of the functions of metal gold; its significance is exactly like the car replacing the horse-drawn carriage and e-commerce replacing physical stores; it is definitely not a competitor to fiat currency.
Just like metal gold, its existence poses no harm to any country or society; it only promotes wealth equity and fairness in the monetary system, benefits the stability of the financial system, reduces social instability factors, and enhances human civilization.
So, it is essential to have a correct understanding of Bitcoin; the confusion regarding human understanding of the application of blockchain technology and the proliferation of other virtual currencies that arose with Bitcoin is not beneficial to humanity.
As humanity gradually recognizes the complete picture of the monetary system and driven by the inherent pursuit of a sound value-bearing system, Bitcoin will ultimately achieve great success!
The principle behind the process of Bitcoin's price rise and its universal and precise wealth protection method is as follows:
Currently, the total amount of fiat currency worldwide is about 100 trillion dollars. Each of the over 20 million Bitcoins would need to reach 5 million dollars to equate to the total amount of global fiat currency.
After that, as fiat currency continues to inflate, Bitcoin's price will rise correspondingly to protect wealth from shrinking.
If we equate the global wealth total of 550 trillion dollars with the price of Bitcoin, its price would need to rise to over 20 million dollars per coin to reach a relatively stable target.
Therefore, even if Bitcoin's price reaches the equivalent value of global fiat currency or wealth in the future, purchasing and storing it at that time will still not be a loss.
It will continue to appreciate unless fiat currency stops inflating, but fiat currency will never stop inflating; fiat currency eternally inflates, and Bitcoin eternally appreciates.
Therefore, high-priced Bitcoin trading will still be active in the future, and at that time, Bitcoin's price will closely correlate with the equivalent value of global fiat currency or wealth, and the huge volatility during its growth phase will no longer exist.
Human understanding of Bitcoin is becoming clearer, and the consensus on its digital gold attributes will become more widespread and solid, with more global mainstream forces participating in the development of Bitcoin.
Thus, before Bitcoin reaches the aforementioned target, it is highly likely that its price will surge strongly in the next one or two decades!
Bitcoin is the most reliable application of blockchain technology and virtual currency, while others are mostly impractical and the vast majority are bubbles.
Bitcoin, the best is yet to come!