Value is not equal to price, so there has always been a great controversy over the value of Bitcoin. Speaking of Bitcoin or any currency itself, any currency inherently has no value. The value of the currency itself depends on liquidity, i.e., the frequency and number of transactions (use). Since the birth of Bitcoin, the usage scenarios have increased, and the demand has become increasingly strong. Therefore, the price of Bitcoin has been rising, but due to excessive buying, liquidity has not increased with the quantity purchased. When users sell Bitcoin, the price will plummet.
Bitcoin is the most liquid asset in Web 3. The rise and fall of Bitcoin intuitively reflect the development of Web 3, making Bitcoin a huge goldmine for new market investors. Since its issuance, the price of Bitcoin has skyrocketed by over ten thousand times, surpassing the investment returns of any issued stocks, bonds, and commodities. At the same time, there are enormous risks because Web 3 still faces significant uncertainties and regulatory challenges.
Satoshi Nakamoto invented Bitcoin, but the true identity of Satoshi Nakamoto remains a mystery to this day. Many individuals, and even institutions, have claimed to be Satoshi Nakamoto in the past few years, but none have been able to prove it. Jokingly, Satoshi Nakamoto might even be an extraterrestrial being.
There is currently no analysis tool on the market that can analyze the ups and downs of Bitcoin well, mainly due to the enormous price fluctuations. A good analysis means an accuracy rate exceeding 80%. Therefore, Bitcoin analysis relies on investors' investment concepts and risk management. We recommend users use BingX copy trading to invest in Bitcoin, which can reduce the lengthy learning curve of investment.
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