Decentralized currency
Bitcoin can stand out from the virtual currency and reach such a high price. The biggest feature is that Bitcoin is a decentralized currency. Unlike our current centralized currency, Bitcoin has no centralized distribution center.
Bitcoin is calculated and generated by Internet nodes, and anyone can participate in the production of Bitcoin. As long as there is the internet, anyone can trade and mine, no matter where they are, which makes bitcoin more valuable than its counterfeit currency.
The total amount of bitcoin is very small.
Another reason why Bitcoin can reach this price is that the total amount of Bitcoin is very small, only 2 1 10,000. Every time miners dig a bitcoin, they will lose a bitcoin, so it will be more and more difficult to dig bitcoin in the future, which will also lead to an increase in the value of bitcoin.
In addition, a small total also means that inflation will not occur. A very important reason for inflation is the excessive currency circulation, but this will not happen in the world of bitcoin, because bitcoin can only be issued at 2 1 10,000. So if you need more bitcoin, you can only solve it by increasing the value of a single bitcoin. This is why many people are optimistic about Bitcoin.
Bank's recognition of Bitcoin
Bitcoin is not legal tender in China, but some foreign countries have recognized its legal status. There are also some banks and electronic payment centers that recognize the legal status of Bitcoin, which also leads to the fact that Bitcoin will not plummet because the country does not recognize it. The minimum value of supporting bitcoin reassured some bitcoin holders, which also led to a sharp increase in the value of bitcoin.