The role of "digital gold" with a low market capitalization brings very considerable room for growth to Bitcoin. But in my opinion, it is far from enough to understand Bitcoin purely from the perspective of “digital gold”. In other words, I believe that Bitcoin is far more than just "digital gold". Its imagination is higher than that of gold.
There are two main views: 1. Gold is currency, but Bitcoin is currency + technology ecosystem. Since currency appeared in human society, it has mainly carried three functions: ① value storage; ② value measurement; ③ medium of exchange. From a monetary perspective, there is no doubt that both Bitcoin and gold have such capabilities. But the advantage of Bitcoin over gold is that Bitcoin not only has the properties of currency, but also a new technological innovation. This is incomparable to gold. Because of its technical attributes, the blockchain represented by Bitcoin has more flexible scalability and is easier to derive and develop a technological ecosystem. The technical attributes of Bitcoin will combine with its monetary attributes to bring greater room for imagination.
2. Gold is prepared for human society, while Bitcoin is prepared for new intelligent human society. The so-called human society includes different social forms such as slave society, feudal society, and capitalist society. In these forms, gold has been with us for thousands of years. In my opinion, the understanding of the new intelligent human society is that future humans will create a completely different social form from the present through stronger intelligence:
①Interstellar society: We are no longer just people on earth, but will become people in the universe. Musk’s plan to colonize Mars already shows that some adventurists in the human species are making strides in this direction.
②AI human society: Yes, I am not talking about humans + AI, but AI humans. This means that people will not only coexist with the AI they create, but people themselves will also have certain AI functions.
Whether it is an interstellar society or an AI human society, a social and economic system will need to be established, and currency will also need to serve as a medium for value storage, value measurement, and value exchange. At least for now, no other item is more suitable than Bitcoin. #BTC #BTC牛逼 #BTCpredictions $BTC
