Bitcoin is still a game for the few, and the future is promising

Last week, JK Rowling, the author of "Harry Potter", posted a question on the social networking site Twitter, "I don't understand Bitcoin, can someone explain it to me"?

Afterwards, the inside and outside of the circle were fried. Sun Yuchen, who never let go of hot spots, V God, who rarely rubs hot spots, and Elon Musk, who occasionally speaks, rushed to speak and explained to Rowling what Bitcoin is.

These explanations are very straightforward, but the effect is still not good, and then JK Rowling said in her reply that she still did not understand.

At first I didn’t care about this matter, because the understanding and cognition of Bitcoin have always been very different in the investment community. For example, Buffett and Charlie Munger, which we have mentioned many times, clearly stated that they hate Bitcoin, so I'm used to this kind of disregard or incomprehension of Bitcoin.

But this incident ignited the entire circle, but it reminded me of another aspect: that is, the popularity and dissemination of Bitcoin still has a long way to go.

Many events, such as the halving of Bitcoin, are regarded as big events by those of us who often pay attention to digital currencies. However, from the perspective of a wider group of people, they may not even know what Bitcoin is.

I thought of another investment product: stocks. The audience of stocks is probably the most extensive among all investment products. However, do these investors who have extensive exposure to stocks really understand the series of technical terms behind stocks? Such as price-earnings ratio, net worth, price-to-book ratio. I don't think so, so why do the public not understand these terms but still have such a high enthusiasm to participate in stock investment? Is it because stocks make a lot of people make money? I don't think so, the old saying in the stock market is good: out of 10 stockholders, 7 lose money, 2 get flat, and 1 earns.

So what exactly makes the stock market so attractive? I think the most fundamental reason may be one: the threshold for participating in transactions is very low. This low threshold not only refers to the low capital threshold, but also refers to the low threshold for investors to operate.

In contrast to digital currency trading, domestic investors get "scientific access to the Internet" by going to the exchange, and carefully choose over-the-counter trading to exchange for USDT. After changing USDT, they have to enter "currency trading" to buy and sell various digital currencies. Whether you are buying or selling coins, you have to worry about encountering black money and the risk of your account being blocked. This threshold after threshold has already blocked a large number of people from the door.

If it is difficult for the general public to have access to digital currency, how can they be motivated to understand digital currency and then invest in digital currency?

But from another perspective, there are so many people who have not been exposed to digital currency at all, which shows that this is a big gold mine that has not yet been developed. Once one day, the public can buy and sell digital currency as easily as buying and selling stocks, I think this market will be so big that we can't imagine today.