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Whether Bitcoin rises to $1 million is not important. What Bitcoin truly needs to prove is not how scarce it is, but whether a global currency system without central authority and the ability to arbitrarily increase supply can support the functions of modern economics.
Over the past few centuries, humanity has formed an almost unquestioned consensus: when the economy recedes, print money; when debt is too high, cut interest rates; when markets crash, inject liquidity; when the system encounters problems, create more currency.
As a result, people gradually believe: problems can be postponed, risks can be transferred, and crises can be diluted.
And Bitcoin has, for the first time, offered the opposite answer: currency should not solve problems; currency should record problems.
Currency should not absorb costs; costs should be borne by reality.
Currency should not be modified to fit the world; instead, the world must adapt to the rules.
Therefore, Bitcoin’s challenge has never been against the dollar or gold.
It challenges a centuries-old underlying assumption: when the world encounters problems, do humans have the right to solve them by creating more currency?
If this answer changes, then what will change is not asset prices, but the entire logic of wealth distribution, debt, and power.