Is a Bitcoin worth 700,000 yuan expensive?

Actually, it is not expensive. Because the only criterion for judging whether it is expensive or not is to compare the current price with the future price. If the future price is lower than the current price, it is expensive. If the future price is higher than the current price, it is not expensive. The price of Bitcoin is spiraling upward. The future price must be higher than the current price. Ignore short-term fluctuations and follow the general trend. Deflation is the future. Except for living expenses, it is stupid to sell Bitcoin at any time. Note that this time includes the future.

The goal of Bitcoin is to replace gold. Bitcoin also has the same characteristics as gold - perpetual rise and short-term fluctuations. We all know that the price of gold is perpetually rising, and the price of Bitcoin is even more so, because Bitcoin is more scarce than gold, because legal currency is always being over-issued.

In summary, Bitcoin is never expensive and can be bought at any time.

The best time to buy Bitcoin is in the past, and the second best time is now. Because it is better to buy early or late, you will buy it sooner or later. It is better to buy late or early, you will buy it sooner or later. $BTC