"Gold and silver are not money naturally, but money is gold and silver naturally." this is a sentence Marx said about money.

How to understand? In fact, it is very simple that money is the inevitable product of the development of human life. In the earliest stage, gold and silver were only used as a kind of metal or a kind of ordinary commodity to exchange things. However, with the development of society, people find that gold and silver are easy to separate, easy to preserve, easy to carry and other advantages, so the suitability of gold and silver as currency is reflected, and naturally evolved into currency.

What about bitcoin?

The basis for supporting the value of bitcoin includes, for example, the theoretical upper limit of 21 million, the need to consume a lot of power, blockchain anti-counterfeiting technology and so on.

More realistically, once the current world pattern changes, such as the global war, do you take gold or bitcoin for refuge?

So the high value of bitcoin is more because it puts forward a new concept than as currency itself.

Bitcoin itself does not have any use value. It will not be cracked or encrypted. Since human beings can make bitcoin, they can also make the second bitcoin, the third bitcoin, which is no different from bitcoin. So bitcoin is a bull that has been blown to heaven.

To say that bitcoin has no value is not entirely right, it now has a practical value, that is to become a black market criminal capital chain. However, this kind of capital chain should not last long, because there will be more powerful "cryptocurrency" behind it.

(2021-3-21)