Some people attribute the wild fluctuations of Bitcoin to its valuation in fiat currency, even regarding it as a 'perfect world currency.' This perception has fundamental biases.

Bitcoin lacks an effective regulatory system, and its price volatility is as dramatic as a roller coaster.

In China, Bitcoin-related activities have been explicitly defined as illegal financial activities, which cannot fulfill the functions of currency circulation, nor possess the core functions of currency such as value measurement and means of payment.

Therefore, Bitcoin should not be blindly worshipped; its potential risks should be viewed rationally.