The Time of Bitcoin's Demise

Bitcoin is a virtual cryptocurrency proposed by Satoshi Nakamoto in 2008, which is not controlled by traditional financial institutions such as governments or banks. Its issuance and transactions rely on the existence of the internet, allowing transactions to occur anywhere in the world. It also has value storage properties.

Basic Attributes:

Global circulation

Decentralization

No transaction fees

Anonymity and privacy protection

Having looked at the above points,

Bitcoin is naturally suitable for illegal activities (such as pornography, gambling, drug trafficking, arms dealing, organ trafficking, slavery, etc.) and gray market activities (such as smuggling, tax evasion, corruption, etc.).

The global economic scale in this area is also relatively large.

Adding to that is the support from certain governments and financial individuals, so its current high price is quite normal.

Now, let's talk about the time of Bitcoin's demise. Bitcoin mainly relies on the combination of addresses and passwords to determine ownership. Once quantum computers mature, these security measures will be as flimsy as paper.

Timeframe: I predict it will be on April 1, 2039.