The United States is attempting to peg Bitcoin to the dollar in the future, deeply integrating Bitcoin with the dollar, upgrading the dollar to digital dollars and tech dollars. In the future, the dollar could achieve various functions of Bitcoin's blockchain and smart contracts. To realize this seemingly wonderful plan, one must overcome the issue of Bitcoin's market capitalization. Currently, Bitcoin's market cap is too small compared to the total market cap of the dollar; it needs to increase at least 300 times and reasonably 1000 times to match the total amount of issued dollars. If matching the annual issuance of excess dollars, Bitcoin's market cap would need to expand by another 2000 times. Meanwhile, the total amount of Bitcoin remains unchanged, making it a deflationary currency. A deflationary currency matched with a super inflationary currency means Bitcoin needs to continue to experience a long period of explosive growth. When Bitcoin starts this process depends on when the United States decides to begin executing the plan.
Bitcoin's price reaching over 500,000 per coin, which ordinary people now hesitate to buy, is absolutely not merely the result of a few investors driving it up, especially given the massive issuance of 21 million coins. The long-term continuous rise of Bitcoin must be backed by governments or nations accumulating, storing, and driving up its value. This is the U.S. government.
Currently, China is continuously driving up gold prices to endorse the yuan and genuinely commence the internationalization process of the yuan. This process also requires increasing the total market cap of gold. A tenfold increase in gold prices is truly not excessive.