Many people find it hard to imagine Bitcoin rising to $100,000 each, even questioning: 'Why can a decentralized currency with no actual use value reach this price?' In fact, many people's understanding of Bitcoin only scratches the surface. Today, I will discuss the deep logic behind Bitcoin's price from another perspective.
Common Misunderstanding: Decentralization and Replacing the Dollar
1. The Basic Logic of Decentralization
When many people talk about Bitcoin, they often mention its decentralization and distributed ledger technology. This is certainly a major innovation of Bitcoin, but merely stopping at these characteristics is the shallowest understanding of its value. These technologies alone are not enough to drive Bitcoin to $100,000.
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