As long as China does not recognize it, Bitcoin will continue to rise!
Many people believe that the United States is so hyping Bitcoin in order to attract China to join the game, otherwise it will be difficult to eliminate the 36 trillion debt. But China just doesn't fall into the trap, and they have been happy with themselves...
Perhaps, what the United States wants is that China does not recognize Bitcoin?
Because if China recognizes it, there are only 21 million Bitcoins, which are not enough to be divided, and it will be marginalized by mainstream currencies.
Only if China does not recognize it, they have a reason not to play with China, push up Bitcoin, and abolish Bitcoin directly at some point. The US foreign debt will still make money in one-time elimination, and then return to the US dollar.
After all, Bitcoin cannot solve the problem of its own value attributes, encryption and confidentiality. Anyone who knows a little bit of cryptographic common sense knows that there is no ultimate encryption method, and any decryption is also an upgrade for encryption.
In other words, Bitcoin will not be the ultimate cryptocurrency, and its confidentiality is just like that. Then it has no value in itself, just a string of numbers.
Only if it is recognized by a government like the United States can it survive as an appendage of the US dollar. It may steal the limelight of the US dollar, but it cannot shake the status of the US dollar.
Recently, while observing the primary market of the cryptocurrency circle, I feel that Musk’s little puppy pp on the Ethereum chain has great market potential and possesses the genetic characteristics of a hundredfold coin, so it’s worth paying attention to.
