On April 14, bitcoin broke through $64000, setting a new record for two consecutive days, which made many people begin to speculate about the driving force of bitcoin's rise? Some people analyzed that the sharp rise of bitcoin price was influenced by the news that coinbase was listed on NASDAQ. As the first cryptocurrency Exchange listed on Nasdaq, coinbase has been interpreted by many people as a good sign of bitcoin's complete positive turn. However, it is still too early to define bitcoin, because bitcoin is highly controlled by the whale account, and the risk of bitcoin has not been effectively released.

Bitcoin, as a product of blockchain technology in the Internet era, can be worth US $64000 a piece, which is enough to show that it has unique features. The reason why bitcoin has its present value is called digital gold by many people, which is inseparable from the support of the capital behind it. Many people think that bitcoin is a decentralized digital currency system. They think that bitcoin really belongs to the global people. In fact, this is a naive idea. Although the monetary system is based on a consensus system, ordinary users simply can't support bitcoin's consensus system, and I'm afraid bitcoin will close down at the time of the genesis chain.

Some agencies have made a survey report, and about 74% of the respondents said there was a bubble in the bitcoin, which has become a speculation tool. Although so many people think that there is a bubble in bitcoin, the result of bitcoin is a strong break through to 43000 dollars, which is very meaningful. Does bitcoin have a feeling that you can't stand me, but you can't get rid of me. The truth is that bitcoin has grown to a huge scale, and there is a lot of pressure to fully investigate bitcoin.

Bitcoin's success is inseparable from the support of huge capital. If there is no money to do the early promotion, who will have nothing to do to mine. So behind bitcoin, there are experts. They just don't know who is standing behind bitcoin. They only know that it's a huge group of whale accounts. Now bitcoin has begun to take shape, vaguely claiming to be a system. In fact, bitcoin is worth US $64000, which is a great pressure to hype bitcoin, because high value often represents high risk. There are two reasons why they are willing to speculate in bitcoin: value investment and speculative investment.

Value investors believe that bitcoin is the representative work of Internet blockchain technology, and it will have greater empowerment in the era of Internet. It is not a dream that the price of bitcoin will exceed $100000 in the future. These people think that bitcoin stands behind technology, such as Max, who announced that Tesla supports bitcoin payment. In fact, this is what bitcoin should look like, but now the development of bitcoin has deviated from the track, which makes people have to doubt who is standing behind bitcoin?

Since bitcoin is called cryptocurrency, I have to think of a person, the famous currency speculator Soros. Since I first saw Soros's information, I realized the greed of capital. Any currency can become their tool to acquire wealth. Since bitcoin can be called cryptocurrency, it can't get around Soros's capital tycoon. Of course, Soros retired long ago. However, although Soros retired, his successful experience will not be out of date, and bitcoin will be used by them.

Bitcoin has been highly held by capital. There is no problem for them to speculate on bitcoin, but the purpose of speculation is very important. If it is to support the development of bitcoin and let blockchain technology play its application value, we should support the development of bitcoin. But if it is to reap wealth, then we should be on guard.

(2021-4-15)