Since its inception in 2009, Bitcoin, as a decentralized digital currency, has sparked widespread controversy. Supporters believe it is a revolutionary tool for financial freedom, with its core advantages being: 1. Anti-inflation characteristics, with a fixed total supply of 21 million coins; 2. Transparency and security guaranteed by blockchain technology; 3. Efficiency in cross-border payments. However, critics point out significant flaws: extreme price volatility (experiencing multiple drops of over 80% between 2021 and 2022), energy consumption issues (annual electricity consumption exceeding that of Norway), regulatory risks, and limited practical application scenarios. In recent years, the entry of institutional investors has somewhat 'assetized' Bitcoin, but it essentially remains a high-risk speculative asset. Its future direction depends on technological evolution, regulatory attitudes, and the degree of integration with the traditional financial system, and investors need to be acutely aware of the high-risk nature behind its 'digital gold' narrative. Overall, decentralization is the trend of the future; fairness, openness, and justice have always been humanity's eternal pursuits, so the future of virtual currency is immeasurable. Bitcoin is expected to fluctuate between 100,000 and 110,000 in the short term; if it stabilizes above 110,000, it may challenge 120,000; otherwise, a significant pullback may follow.