The video has been updated#加密市场回调 #BTC
I originally wanted to summarize, but later found that his speech was incredibly dry, full of solid content, and basically turned into a line-by-line commentary. This understanding is truly high-level, you would believe he traveled back from the future. I divided it into four one-minute videos to help everyone find the corresponding content.
Key points summary:
1, Bitcoin is an (virtual) commodity that simulates the attributes of money in human history that are nearly perfect through algorithms.
2, this almost perfect currency is maintained through incredibly powerful computing power. (Its uniqueness is also the soul of decentralization)
3, essentially using mathematics and algorithms to simulate all aspects of precious metals' properties, and surpassing past precious metals in all aspects.
4, the value of gold comes from its consensus as currency and when some jewelry has almost no other use, it is far inferior to aluminum and iron. (So other application tokens and BTC are not the same thing)
5, focus on the circulation attributes of Bitcoin as currency. Ignored Bitcoin's attribute as a reserve currency. (That was in 2013, those years spending Bitcoin like money, buying pizza, must be regretting it now.)
6, in the future at some point, Bitcoin will become an international reserve asset (predicted in 2013, and it is happening today, look at this understanding)
5, focus on the circulation attributes of Bitcoin as currency. Ignored Bitcoin's attribute as a reserve currency. (That was in 2013, those years spending Bitcoin like money, buying pizza, must be regretting it now.)
6, in the future at some point, Bitcoin will become an international reserve asset (predicted in 2013, and it is happening today, look at this understanding)
7, the right to mint currency is the highest power, strong powers will definitely compete for the right to mint currency, if I create currency, I don’t care who makes the laws. (Quoted from the book Currency Wars)
8, boldly predict, in the future, the U.S. government will definitely make a move here, (amazing, the prediction came true) Wall Street will take action.
9, who represents America is not the President, not the American people, but Wall Street, Wall Street represents politicians, represents political parties, represents the American people. (This understanding is very fundamental and profound)
10, the U.S. holds the most Bitcoin (this was in 2013, later the Chinese held more than the West for several years, but lost dominance due to regulatory reasons.)
11, once Wall Street controls the computing power and the monopoly of reserves, it will use this to establish new international financial game rules. (Oh my, it all came true)
12, this time frame is fast in 5 to 10 years, slow in 20 years. (Bingo, hit again. 2013 to 2024, 11 years)
13, everyone should not naively regard Bitcoin as the celebration of anarchists or liberals.
14, Bitcoin will be utilized by the government first, how will various countries use it? Countries will engage in a battle of wits.
15, prediction, when Americans dominate BTC, they will convene a global conference. Redefining the international financial currency landscape. (This conference should not have happened yet, but from the current perspective, if it were to happen in the future, we wouldn't be surprised now, let's see if it comes true.)
16, America's strength comes from turning crises into opportunities each time, either by transferring the crisis to others or by changing the rules of the game (if cheating is a kind of ability, it used to be done covertly, finding a noble reason, brainwashing many so-called global elites. And someone like Trump openly cheating is a peak occurrence).
17, regarding Bitcoin, it is certain that the U.S. government will move towards (embracing) Bitcoin. (In 2013, there was nothing, I don’t know how Mai Gang could make such a definitive statement)
18, as long as the U.S. gains a relative advantage in Bitcoin, the U.S. government will leverage Wall Street's power to shape and promote a new cryptocurrency-based financial landscape. (Another full hit, think about the current situation, the president issues currency, national Bitcoin reserves, ETFs, stablecoins, listed companies hoarding coins)
19, and the ultimate anchor of this new international financial landscape based on cryptocurrency is Bitcoin. (Insightful)
20, the dollar system was already riddled with holes, and the devaluation expectation is very high. (Correct judgment about the dollar)
21, in order to maintain the status of the dollar, especially the petrodollar, the U.S. has launched a series of wars, the cost is extremely high. (A thorough understanding of the essence of the U.S. waging wars, it’s not for democracy and freedom, but the information bubble of American and Western media is too severe, I believe future history will record a segment about this)
22, Bitcoin's total market value is now less than 10 billion USD, (in 2013) using it to build a new system is simply too low-cost, the U.S. would surely laugh.
23, America redefines the value of the dollar through Bitcoin, re-empowering the dollar, allowing the global populace to pay again, rescuing the dollar from a precarious state. This understanding is also key to understanding Trump's embrace of Bitcoin.
To be honest, my view on whether Bitcoin can save the dollar is still different, but I'll share Mai Gang's thoughts with everyone, of course, there is a high probability he is right, after all, from the results, his predictions have mostly come true, let's see later.
Additionally, for the old investors, Mai Gang has another identity he is well-known for in the crypto space, he is an early investor in OKX.
