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The Destiny of BTC
Many people are saying that BTC will break through 1 million, while others say it will drop below 100,000 this month.
From a value perspective, the existing digital currency system, while allowing people to trade with digital currencies, still cannot circulate. The fundamental reason for the lack of circulation among the public is non-compliance with regulations. If digital currencies want to create a new era, they must gain recognition from national laws, which means there must be an intermediary and a new digital currency system that both the government can accept and the existing digital currency system can accept. The non-nationalization of currency does not mean the illegalization of currency. Group development has its natural legal system, which must be followed. The current cryptocurrency space is still dark, a zero-sum game without order. There are no users, only players; there is no value, only bubbles. Of course, this sounds a bit harsh, it may be scaffolding.
Therefore, BTC has opened a new era, but BTC has not built this new era; the backbone of this new era has yet to appear. Thus, before that new digital currency system emerges, BTC may continue to adhere to its original logic, but once that digital currency system is born, Bitcoin's mission will be over.