BingAI crafted a negative scenario about BTC.☠️😨💥
In 2024, Bitcoin experienced the biggest bull run in its history. Its price reached $100,000 by the end of the year. So what was behind this?
Some say this is due to the approval of Bitcoin ETFs. ETFs are exchange-traded funds that make it easier to invest in Bitcoin and attract institutional investors. But this is just the tip of the iceberg.
The real reason was that Bitcoin had secretly become a global reserve currency. This started in 2023, when China introduced the digital yuan against the US dollar. This move weakened the economic and political power of the United States. The US accused China of manipulation and escalated the trade war.
Meanwhile, the European Union has also developed its own digital currency, the euro. However, due to post-Brexit political divisions and debt crises, the stability of the euro has been shaken. European countries began to look for an alternative store of value.
At this point, Bitcoin came into play. As a decentralized, border-crossing, transparent and secure currency, Bitcoin has functioned as a global common denominator. Bitcoin has become a hedge for both governments and individuals.
However, this role of Bitcoin has not been officially recognized. Instead, it happened secretly, in the background. Bitcoin has been used in international trade, money laundering, tax evasion and sanctions evasion. Bitcoin has become the shadow currency of the global financial system.
This increased the demand and price of Bitcoin. However, due to the limited supply of Bitcoin, this price increase was not sustainable. Bitcoin has become increasingly less accessible and more expensive. Bitcoin has become a game that only the rich and powerful can play.
This was contrary to Bitcoin's egalitarian and democratic vision. Bitcoin has become a currency not for everyone, but only for a minority. Bitcoin has become the new master of the global financial system.
