$BTC $BTC Do not have overly high expectations for the market. On one hand, the Federal Reserve has not agreed to treat Bitcoin as its reserve currency, and it is absurd for banks to provide services for cryptocurrencies.

The birth of Bitcoin was to replace banks. Banks are a centralized product. Bitcoin has decentralized characteristics and is difficult to be regulated by the government.

Assuming the U.S. government really made a big entry into the BTC market, BTC should have already risen to 500,000 each, but that is not the case.

The projects promised by the U.S. government are just words.

What crypto government, what significant benefits?

This is entirely an illusion in this game of telephone.

Bitcoin has developed to this point; although the price has risen, the status of fiat currency remains unshakeable. The reason is simple. Fiat currency is the will of the state. Even if your Bitcoin rises to 1 million each, you still have to exchange it for fiat currency to buy daily necessities.

There are also 21 million Bitcoins that can never be mined. With the end of the mining craze, each Bitcoin will consume massive computing power and energy in the future.

People always discuss the scarcity of Bitcoin, but its essence is currency. No matter how scarce it is, it is still currency. It must be exchanged for currency, right?

Just like buying pizza with a few hundred Bitcoins decades ago.