# bitcoin *crypto* By [yasuo](https://paragraph.com/@yasuo) · 2024-12-31 --- ### Bitcoin’s Price Surpasses $100,000: Speculation Runs Wild As Bitcoin’s price breaks the $100,000 mark for the first time, the market is flooded with bold predictions, like it reaching $1 million or even $10 million per coin. Human behavior is fascinating: during stagnation, corrections, or slight dips, people hesitate, fear, and sink into deep pessimism. But as soon as prices rise, even modestly, euphoria sets in, leading to extreme optimism. Can Bitcoin reach $1 million per coin? Perhaps, but not this year or next—it's a story for the next 10 to 20 years. You might think, “10–20 years? That’s fine, I can wait. If all I have to do is ‘buy’ and hold for a couple of decades to achieve financial freedom, that’s an incredible deal.” No, you can’t. This is merely a prediction. No one can guarantee Bitcoin will reach $1 million in 10 or 20 years. Along the way, countless people and media outlets will warn you: “Sell now, or risk losing everything.” So, you’ll sell. You imagine a smooth, steady rise over the years, but reality is riddled with massive fluctuations. Each significant downturn will make you feel like Bitcoin is losing credibility and might go to zero tomorrow. You won’t hold on—you fear losing everything. You fear losing because you can’t afford to lose. People with leverage, those whose financial standing doesn’t align with the amount of Bitcoin they hold, or those who’d be ruined if Bitcoin crashed, will inevitably sell. It’s human nature. Nobody is immune. So, how can you hold until Bitcoin reaches $1 million? Determination isn’t enough. You must avoid leverage, maintain strong cash flow, and continuously elevate your financial standing—essentially, becoming someone worthy of such wealth. This is the true meaning behind the saying, “The rich get richer.” ### Bitcoin’s Role: Not a Currency, but a Global Anchor Critics argue that Bitcoin’s volatility disqualifies it as a currency and prevents it from replacing fiat money. That’s true—it’s not trying to replace fiat. Bitcoin has its own role: to become the “anchor for all global fiat currencies.” In the future, dollars will still be dollars, and yuan will still be yuan. But decades from now, the world might operate under a system where governments must hold Bitcoin reserves to issue their currencies—akin to a gold standard. Want to issue more fiat currency? Fine—use your labor, services, or national assets to acquire more Bitcoin, and you can issue more. If you refuse? Go ahead, play in your own isolated sandbox. The rest of the world won’t recognize your currency. Bitcoin’s advantage over gold lies in its transparency. During the gold standard era, the system collapsed because the U.S. couldn’t redeem enough gold, effectively admitting, “We stole your money.” But with Bitcoin, no government can cheat, because even a beggar on the street can verify how much Bitcoin a government holds. This transparency ensures no one can manipulate the system—power is caged, and everyone is watching. ### Why Would the U.S. Embrace Bitcoin? You might wonder why the U.S., with its dominant position, would adopt such a system. The answer lies in fiat currency’s intrinsic flaws. Fiat systems are entropic by nature, leading to overissuance and inflation. Modern finance, only a century old, has already created unsustainable debt bubbles, with each financial crisis becoming more severe. Transitioning to a superior system is inevitable. Even Trump acknowledged this when he said, “If Bitcoin is destined to succeed, it must succeed in America, and we must hold the most of it.” If Bitcoin reaches $1 million per coin, its market cap would rival gold’s, potentially replacing gold as the world’s largest asset. Over the next 10–20 years, the U.S. could leverage its dominance in Bitcoin mining, exchanges, and innovation to smoothly transition. By then, America’s global control would be even stronger, as Bitcoin’s rise would translate directly into wealth and influence. ### What About China? Ironically, China once dominated Bitcoin mining and exchanges but drove these industries away. Instead of strategic regulation or even profiting from the ecosystem, the focus was on creating centralized alternatives like the digital yuan—projects that lack the global appeal of decentralized systems. The U.S. has seized this opportunity, and its policymakers with crypto backgrounds make their intentions clear. For the U.S., Bitcoin is not just an investment but a strategic move. ### A Finite Asset for a Crowded World With only 21 million Bitcoins ever to exist, and 19 million already mined, scarcity is increasing. Around 4 million are lost forever. On a planet of 7 billion people, the math speaks for itself. You know what to do. * * * **Happy New Year!** ♥ --- *Originally published on [yasuo](https://paragraph.com/@yasuo/bitcoin)*