Bitcoin's huge stress test: US debt survival or digital bubble? "Will Bitcoin rise another 7.7 times?
The United States seemed to want to give its own treasury market a shot in the arm through Bitcoin, but it seems that the world did not buy it.
Recently, the price of Bitcoin has been on a roller coaster, falling below $65,000, with a daily drop of more than 6%. According to 24-hour statistics, more than 240,000 friends in the cryptocurrency circle suffered a liquidation, with a total loss of $652 million, which is really a bit painful.
The United States seemed to want China to take out the wealth it has earned in the past 40 years and invest it in Bitcoin In order to help the US national debt overcome difficulties. You should know that the total US national debt has reached 35 trillion US dollars. If the market value of Bitcoin can soar to 10 trillion US dollars, then the US debt problem may be much easier. But the reality is that the market value of Bitcoin is only 1.3 trillion US dollars now. In order to achieve the goal of alleviating US debt, Bitcoin has to rise 7.7 times, and the price has to rush to about 485,000 US dollars per coin. How much thrust does that require!
The current situation is that the US The United States wants to turn Bitcoin into a savior, hoping that it can make a super reversal and turn around its debt problem. However, it is not easy to make the market value of Bitcoin soar from the current 1.3 trillion US dollars to 10 trillion. It is necessary to find enough bigwigs and funds to participate.
Think about it, if there is such a day, Bitcoin rushes to 485,000 US dollars, what will it be like? I am afraid that not only the world of cryptocurrency will be turned upside down, but also the entire financial market will feel the shock.
After all, the risks in this game are really big, and you may lose everything if you are not careful. The volatility of the cryptocurrency market is notorious, and it is common for prices to fluctuate greatly in a short period of time. Whether this road is feasible is really unknown.
Therefore, even if the United States wants Bitcoin to have a super redemption, China obviously does not want to play this chess game. Although the big party of cryptocurrency is lively, someone has to be willing to dance this dance. China chose to watch, which is probably a wise choice. After all, investment should be cautious, especially in this ever-changing crypto world.
