Bitcoin is not a currency
Although it has the titles of "digital currency" and "cryptocurrency", it is still far from currency, and it is not even a currency at all. It can only be regarded as a speculative asset at best.
Bitcoin does have many properties of gold: limited, anonymous, neutral and non-sovereign, can be circulated globally, etc. It can be said to be a genius design!
But genius is ultimately inferior to nature. Compared with gold, Bitcoin's purely digital virtual properties lead to its unlimited hype! Without the restriction of anchors, its price can be 0 or trillions. If any king is willing, I can buy his country with one glory coin!
Don't believe it, there was once a king (business empire) who was willing to pay several bitcoins to buy a light new dress! Later, a child told the truth: Why is the king not wearing clothes!
The king was about to explode, and the minister next to him said: Your Majesty, calm down, I heard that someone once used 10,000 bitcoins to buy only one pizza. You only lost half a pizza!
I think the inventor of Bitcoin should be Lao Tzu. His theory points out that the use of uselessness is the greatest use, and nothing is something! Nothing is the highest realm of something, and the highest realm of scam is the emperor's new clothes!
As an equivalent exchange, it is impossible for currency to have such an astonishing rise and fall. An equivalent exchange is like a ruler, which can measure the value of all commodities. However, this ruler itself is very flexible, just like the golden hoop in the hands of Sun Wukong, which can be stretched and retracted freely. Can you still say that it is a measure? It is a standard killer!
