Renowned analyst Hong Hao shared at Binance's offline private event on July 31 that Bitcoin's long-term logic is very clear. Its fixed supply cap of 21 million coins determines its scarcity and establishes a value foundation distinct from traditional fiat currency systems. When discussing the relationship between Bitcoin and gold, Hong Hao pointed out that both possess scarcity and long-term value storage attributes, but their sources of trust differ. Gold has thousands of years of accumulated human trust, while Bitcoin relies on a decentralized network and fixed supply mechanism to build a brand-new trust system. In the long run, the target for gold is $10,000, and for Bitcoin, $1,000,000. https://(wublock123.com)/news/hong-hao-bitcoin-1-million-long-term-target-fixed-supply-credit-system-65661