Why believe in Bitcoin?
Bitcoin has surpassed $100,000, with nearly 200,000 people liquidated. Bitcoin lacks traditional fundamentals, but do gold and diamonds have fundamentals?
It can be jokingly said that Bitcoin has two major fundamentals: first, faith. Believing in Bitcoin as a digital currency with a limited supply, having a fixed value as a pricing basis, comparable to gold; second, money laundering. There are too many gray market activities in this world, and Putin just stated that he also needs Bitcoin for money laundering.
In 2011, one Bitcoin was priced at $10. Thirteen years later, the price of Bitcoin is as crazy as the Dutch tulip bubble, and there must be other reasons. Currently, BTC has surged above $100,000. It may go even higher in the future. Bitcoin has entered the next stage, no longer just a game for crypto circles, but a contest of global capital. More countries should participate in the future.
Regarding investments, we must always have a risk awareness. Rapid rises and sales, rapid drops and purchases.
As a seasoned investor in the crypto space, I, Tu Fei, will share my experiences and insights. Interested in the crypto world but don't know where to start? Click on my avatar to see my profile and witness the moment of miracles together.