Before discussing this issue, we must first clarify whether Bitcoin will return to zero, because that is to say, whether Bitcoin has value or not. Only if it has value can we discuss its price. So we discuss it from two aspects, one is the production end and the other is the consumption end.
1. From the production side, quoting Marxist theory, Marxist theory says that the value of a commodity depends on the labor behind it. From this perspective, the electricity bills, mining machines, etc. paid by Bitcoin miners, that is, money, are actually equal to the labor paid, so it is valuable.
2. From the consumer side, currently, the actual use of Bitcoin is black market trade and cross-border exchange, but this is only a small part. In fact, the ultimate goal of Bitcoin consumption is to be the leader of digital currency in the virtual universe. Imagine that all real assets will be on the chain in the future, so there will need to be an exchange between chains and assets. The exchange will inevitably use digital currency, and the representative is BTC. The future virtual universe is the ultimate of mankind and something that must be achieved. From this perspective, Bitcoin is irreplaceable and will not disappear. This is why it has been 16 years since 2008, and it has survived controversy because it represents the direction of mankind.
Reality: Why Americans spare no effort to develop Bitcoin ETFs In fact, from the perspective of the United States' grand strategy, the United States wants to find endorsements for its dollar, from the gold dollar to the petrodollar, and now the Bitcoin dollar (this actually involves some internal problems in the United States. Now all countries are de-dollarizing, and the dollar has become less and less widely used). Cryptocurrency stablecoins are pegged to the US dollar, so Wall Street has the ability to manipulate the rise and fall of Bitcoin, and the ability to manipulate the rise and fall of digital currencies, but Wall Street will not allow too much manipulation, but will expand cryptocurrencies, which will also expand the use of the US dollar. Once the US dollar has a wide range of uses, the US dollar has a basis for harvesting. Of course, stablecoins can be exchanged, but this depends on the country's comprehensive strength. With the continuous development of AI, the United States is in an absolute leading position. The United States is still the boss of the world, and it will still be the boss in the foreseeable future. The productivity of a country is the ultimate reason for determining who will eventually be the big head of stablecoins. Not only that, we have also seen that stablecoins such as usdt will gradually be used in various fields in society, which is actually the digital currency of the US dollar.
Summary: Digital currency has said goodbye to wild growth, and the next ten years will be a decade of long bull market. The market value of stablecoins will continue to hit new highs, and the volatility of Bitcoin will gradually decrease, because the market value is getting bigger and bigger, and it is getting more and more difficult to rise and fall. So let's make a prediction that Bitcoin will not fall more than 40% in the next ten years, and the market value of stablecoins can be used as a sign of Bitcoin's rise and fall.
