People without faith are not suitable to stay in the cryptocurrency circle!

"Weige, now that the regulatory policy for BTC has come out in our country, is this thing going to plummet to worthlessness?" As an old analyst who has been navigating the crypto space for nearly ten years, I can only say: don't be misled by the "emotional kill" of individual country policies; the answer has long been hidden in three key regulations, and today we will break it down and discuss it!
First, let's talk about the first "heavy blow" in December 2013 when regulatory guidance made it clear that BTC does not have the attributes of legal tender. As soon as the news broke, the cryptocurrency market experienced a "free fall," and BTC's price plummeted dramatically. To make matters worse, this drop lasted for 3 years, and it just couldn't climb back to its previous high. In my view, this wave of regulation truly struck at the heart, directly cutting off the possibility of BTC circulating in real scenarios domestically, essentially reverting it from "spendable money" back to its original form as a "digital asset." Can the impact be insignificant?