Hello everyone, I am your old friend Li Zhongyi, who has been dedicated to the cryptocurrency industry for nearly eight years as a securities analyst. I am an ordinary enthusiast who hopes to see the realization of the Bitcoin technological revolution and witness the prosperity of future currencies with all cryptocurrency enthusiasts. Thank you for your support and likes:

Does Bitcoin really have value? This is a very weighty topic. When discussing the issue of value, we need to start from the root. It is well known that the appearance of a revolutionary figure named Satoshi Nakamoto in 2008 laid the foundation for the cryptocurrency industry. It was also at this time that the famous pizza incident occurred, marking the first time that the value of Bitcoin was recognized by the public. However, when did Bitcoin become known to the world and gradually accepted its value? This topic is quite sensitive because the level of acceptance in our country is still mainly based on legal tender, and the understanding of virtual currency is not widespread. As a result, even today, some people still associate the cryptocurrency industry with fraud.

In this article, Li Zhongyi will lead everyone to peek into the essence of the cryptocurrency industry from a financial perspective and a human perspective. Starting from a financial perspective, it is well known that currency itself does not have inherent value; the appearance of currency only replaced the barter system. From the ancient era of shell money to the gradual development of copper coins, gold and silver, and modern banknotes and coins such as the US dollar and the Chinese yuan, it can be said that currency has gradually improved. However, during the process of improvement, many problems were encountered, such as counterfeiting and devaluation. As long as there is a market for such currency, these problems are unavoidable. The capitalist idea has magnified the drawbacks of legal tender, resulting in a financial crisis every few decades. The essence of a financial crisis is still inflation caused by excessive currency issuance.

Currently, the discussion of the value of currency cannot avoid the issue of the hegemony of the US dollar. It can be said that the US dollar currently represents the highest level in the history of human currency. It has even surpassed the historical status of gold and silver because it is linked to the basic needs of human survival, such as energy, gold, and food. However, for a country with a history of less than 200 years to lead human development, the considerations are still not comprehensive enough. When faced with a financial crisis, it is always a matter of treating the symptoms rather than the root cause. By using printing technology to help the country's people through the crisis and passing the difficulties on to third world countries, the inherent centralization of currency cannot be avoided. When the power of supervision and enjoyment is in the hands of the same person, human evil will only expand infinitely.

At this time, the decentralized Bitcoin emerged. Therefore, at that time, people once regarded Bitcoin as the currency of the future. This is also why the cryptocurrency industry is often associated with digital currency, with its opposite being legal tender. Going further, it has a somewhat conspiratorial meaning, which cannot be elaborated on. Behind legal tender are the controllers of the world today, and the representatives behind digital currency are indeed not very honorable. For ordinary people like us, the theory of Bitcoin can be as popular as the unity of the world's people. However, I will not elaborate on this. The fundamental reason why the development of the cryptocurrency industry is restricted is also the reason why the cryptocurrency industry is associated with fraud.

Regarding the understanding of the domestic cryptocurrency industry, I believe that most people only became aware of Bitcoin through the Apple iPhone invasion incident. Hackers only recognize Bitcoin, so everyone thinks of Bitcoin as a black asset. In addition, a series of illegal and even immoral events such as online gambling and fund leakage in recent times have revolved around the cryptocurrency industry, inevitably making people feel that technology is guilty. It is precisely because of the special nature of cryptocurrency technology, such as being untraceable and decentralized, that it seriously affects the stability of human society. Therefore, most sovereign countries hold opposing views. This includes our country, which has explicitly stated that the cryptocurrency industry is illegal. So why, under such strong opposition, is the cryptocurrency industry still well known to the public and even experiencing a resurgence?

This is a complex issue at the human level. Since legal tender exists in the world, there must be an opposite side. What is impossible to trade openly can only be approached through the cryptocurrency industry. Recently, the inflow of £40 billion in assets from the UK into our market through the cryptocurrency industry and the receipt of £20 billion in digital currency by Da Mao and others have given everyone a certain understanding of this market. The cryptocurrency industry is a double-edged sword, attracting both hatred and love. This inevitably reminds me of a saying: existence is reasonable. There must be a reason for the prosperity of this market. The appearance of Bitcoin technology is definitely a subversion and a step in human cognition. Its technological theory has almost led the direction of future currency attributes. We already have digital RMB.

Regardless of whether the application of this technology is compliant and legal, its attributes point the way for all currencies. The currency of the future may not be Bitcoin, but it will definitely have the shadow of Bitcoin's attributes and technology. All digital forms are based on the original attributes of Bitcoin for development. This includes the fact that all currency channels in the cryptocurrency industry currently need to be improved through the original channels of Bitcoin. The most intuitive feeling is that the transfer speed of cold wallets is getting faster and the transaction fees are getting lower. Whether everyone acknowledges it or not, the cryptocurrency industry is constantly improving and becoming better. Those who came before planted the trees, and those who come after enjoy the shade. What we are currently involved in is likely to be a pioneering role in the future. When you think about it, we are all quite great.

The mainstream currency in the future may be digital RMB or digital USD, but the contribution of Bitcoin cannot be ignored. As long as it exists in the market, this direction will definitely not be wrong. The trend of the world is that things that have been separated for a long time will eventually come together, and things that have been together for a long time will eventually separate. This is not necessarily a bad thing for the entire currency. Similarly, it can be basically concluded that Bitcoin itself does not have the attribute of fraud; it is the people who use this technology who are the real criminals (such as fraud platforms, air coins, hackers, etc.). Especially since this year, the US has allowed the listing of Bitcoin ETFs, and Hong Kong is preparing for the listing of Bitcoin and Ethereum ETFs. With more and more capital and public recognition, the author firmly believes that the future of the cryptocurrency industry will definitely become more prosperous and compliant. This is the best recognition for Li Zhongyi's nearly eight years in the industry.

Being in the cryptocurrency industry is also considered to be walking with the consensus. Thank you all for your support of the cryptocurrency industry over the years. Whether it's profit or loss, we have all crossed mountains and seas over the years. Investment insight: In the cryptocurrency industry, understanding the way to survive in the long term is the only way to truly succeed. Otherwise, everything is just a passing cloud. No matter how much profit you make in the short term, you will have to give it back to the market in the future. Only when the clouds disperse will you understand the true essence and connotation of investment! Investment is about making money that belongs to you, making money that you understand; it is not about seizing every opportunity and making all the profits. The money in the cryptocurrency industry is endless, but it can be lost completely.

This material is for learning and reference only and does not constitute investment advice. Those who buy or sell based on this material do so at their own risk!

Original article from public account: Lao Cui Shuo Bi. Please contact the author for deletion if there is any infringement.

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