From the perspective of technological optimism, let's talk about the significance of BTC spot ETF approval 🧙‍♂️

Today is a great victory day for our cryptocurrency industry. The approval of the Bitcoin spot ETF signifies that the cryptocurrency system, as a new monetary system born in the information age of the 21st century, has finally been accepted and coexisted with the credit fiat currency system established in the 20th century.

This scene is similar to when the credit fiat currency system once parasitized the gold standard system for 40 years (from the abandonment of the gold standard by the pound in 1931 and its devaluation to Nixon's announcement of the decoupling of the US dollar from gold in 1971), finally replacing the gold standard to take over the human value system.

Let's return to Satoshi Nakamoto's vision. Bitcoin is a P2P electronic currency. Its purpose, as created by Satoshi Nakamoto, is to use cryptographic technology to combat the corruption of the credit fiat currency system and its erosion of individual freedom.

Today, the greatest justice of the 21st century will be the eventual replacement of the credit fiat currency system by the Bitcoin monetary system.

Bitcoin is "digital gold," which is now a strong consensus in the cryptocurrency community. But if we truly believe in Satoshi Nakamoto's vision, its total value benchmark should not choose gold, which is referred to as a "barbaric relic" by Keynes and other bankers of the credit fiat currency system, but rather the core value of the credit system, the US dollar.

The launch of the Bitcoin spot ETF only signifies the formal recognition of Bitcoin's value storage attribute as a future currency within the fiat currency system. One day, the complete monetary attributes of Bitcoin (value storage, value scale, medium of exchange, and means of payment) will be fully recognized and universally accepted.

Currently, the total value of the US dollar (measured by the size of US debt) is approximately $33 trillion. At some point in the future, the price of a single Bitcoin will reach around $1.5714 million. However, this is not the focus of Bitcoin's value. The Bitcoin monetary system will create a human value system on a larger scale than the credit fiat currency system.

Today, I had the opportunity to learn about the concepts of e/acc by the British philosopher Nick Land and d/acc by the founder of Ethereum, Vitalik Buterin, which fills me with confidence in technological optimism.

Looking back at history since the Industrial Revolution, every breakthrough in productive technological capabilities has completely reshaped the world's political landscape and our personal life order. Bitcoin, along with AI language models, Spacecraft, and small-scale nuclear fusion technology, collectively drive the unprecedented era we are in.

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