This is a good question, and we are also seriously thinking about what the world will look like after the collapse of Bitcoin. In short, the speculative bubble has never stopped since the gold standard, and speculation has been a dream of making money since ancient times. Compared with tulip bubble in the Netherlands in modern times, everyone believed that tulips would keep rising, which was the beginning of the bursting of the bubble. However, the bursting of tulip bubble led all the people involved in tulip speculation to ruin, ruin, debt, economic recession and poverty. This is the sad fate of speculators, social unrest, and it took more than ten years for the economy to recover slowly. Therefore, speculation is the cancer of society and the grave of participants.
Then let's look at Bitcoin, a digital arithmetic currency, but Satoshi Nakamoto put forward the great idea of financial mathematical currency, with the aim of limiting the countries in the world from expanding the money supply for their own purposes, resulting in currency bubbles and asset bubbles, and described the advantages of Bitcoin. Mining bitcoin under digital algorithm has a fixed volume, which can avoid currency overshoot. Genius's idea is great and perfect, so Bitcoin was born, which really caused an earthquake in the world financial community. Some famous scholars from all over the world supported this great dream of crossing the century. Although even Satoshi Nakamoto is not clear about it, it does not prevent them from recognizing and supporting it. Even officials of some central banks in various countries have expressed their recognition of this financial concept. Based on this, it also gave Bitcoin some monetary base. At the beginning, bitcoin first exercised the monetary function of money. Buying a hamburger was a thousand bitcoins. Maybe McDonald's just regarded it as a successful marketing, but people saw the real possibility of Bitcoin becoming a currency.
Since then, Bitcoin has started a wave of hype, which has made people stunned again and again, and fell after hitting new highs again and again. However, people almost think that it is impossible to continue to be brilliant. As a result, people fall into the illusion of getting rich again and again. Huge profits drive greed, and greed makes people forget risks, forgetting that huge profits and risks always go hand in hand and are indispensable. The bursting of the tulip bubble was limited by the original society. But in today's Internet society, the whole world is equivalent to a global village, and the Internet is equivalent to infinitely amplifying this bubble. So, let's take a look at whether bitcoin has real value, and the answer is definitely no. It should be just a beautiful dream, which can't really come true. After all, Satoshi Nakamoto doesn't have the helm of the Federal Reserve, and with the success of Bitcoin, all kinds of coins have come on the scene to harvest speculators, so Bitcoin can't really replace money. Unless the world's central banks jointly issue a product similar to digital currency, it will never become something of value, but if it is not bitcoin, then bitcoin has no value, and worthless things are doomed to nothing. When the bubble will burst, it must be that most people in the world are involved, and then the bubble will burst. When most people are trapped, Bitcoin will really become a bubble and disappear on the earth. I believe that the world at that time will be a hell on earth.
Needless to say, the bitcoin bubble has always existed, or it is a bubble in itself. You know, the biggest scam is not to cheat you to death at once, but that everything is unconsciously ... ups and downs are all leeks losing money. Every rise and fall is inexplicable. What is the reason? Even futures trading goes up and down for a reason. The rise and fall of these virtual "currencies" depends on the needs of the bookmakers. Someone must have said that no one can control the centralization of Bitcoin. But some people don't even need to control bitcoin, but control public opinion. You can control the ups and downs.
Nothing! Nothing! When humans suddenly became extinct, the earth was still spinning. Bitcoin is the product of blockchain technology. Its value is far less than the value of blockchain technology innovation. Decentralization and encryption algorithm technology cannot be tampered with, which makes information-based credit unable to be controlled and utilized, which makes many people with resources and rights feel uncomfortable. But the trend of technology promoting social development is unstoppable. Just like the internet technology bubble 20 years ago, at that time, more than 90% companies burned money in the bubble and died. Companies like Google, Amazon, Twitter and Facebook have always been with today's human life. Dollar bottomless qe not only plunders the wealth of people all over the world, but also inspires the American people's disgust at the tough and shameless face of the US government. There will always be a representative to challenge and defeat it in the post-dollar era.
A lot of rich people who make their fortune by bitcoin are poor.
Many people who didn't buy bitcoin are finally happy.
Many people who speculate on bitcoin are rich.
It is beneficial to other parties at the other end of the seesaw.
Nothing will happen in the world, the gap between the rich and the poor, and the 28 law will never change.
The world is still that world, and the earth is still that world, but the cry of buying bitcoin is not the joy of buying bitcoin.
There will be another bitcoin, and nothing else will happen, because without leverage, everyone will die.
The rich are extremely rich, the poor become poorer, and some middle classes become poorer.
Nothing will happen. Without anyone, the world will still turn. Don't take Bitcoin so seriously. Its main function is money laundering.