Netizens who have followed me for a long time know that I have a consistent view of Bitcoin. Once again, to be precise, after entering the financial market, Bitcoin has formed the largest and most efficient casino in human history through the global integration of the Internet. (Not a financial bubble), that is to say, in addition to becoming the best tool for "pornographic gambling" and money laundering, Bitcoin is a gambling bargaining chip. Things of value! It is impossible to become a universal currency in the world!
It just so happens that the US Treasury Secretary Yellen has just said that Bitcoin is often used for illegal financing, money laundering, and inefficiency (in full agreement with my view).
In this world's largest casino, as far as I know, many speculative gamblers even have contracts as high as 1,000 times, which is huge! While expecting to get rich overnight, they will often go bankrupt overnight!
In fact, recently, the price of Bitcoin has skyrocketed (at this moment, Bitcoin dropped from its highest point of 58,355 to below 47,500. In the past 24 hours, 340,000 people have liquidated their positions, with a liquidation amount of more than 20 billion...) , Making long and short explosions countless, just as some people are making a lot of money, more gamblers lose money like "Zhang Chenguang" who unfortunately jumped to commit suicide in "The Golden Years"...
By the way, the recent criticism of Bitcoin's environmental impact. A recent review in Barron’s Magazine drew speculators’ attention to environmental issues, such as the level of carbon dioxide emissions produced by Bitcoin mining: “Mining” (computers solve complex algorithmic problems to verify the energy-intensive process of blockchain transactions, and Rewarding them with digital currency) is an undeniable culprit that destroys the environment... Stop it.