I wrote here about how the root of Bitcoin's value is in exchange for the consumption of large amounts of electricity.

In the last month, I have seen an increase in the number of articles discussing Bitcoin from the perspective of the SDGs.

I've seen 1BTC drop 1 million yen in a day "twice", triggered by a massive sale by the CEO of a certain venture company, and now it seems that 1BTC = 4 million yen.

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When I first started writing about Bitcoin, the price was about 1.2 million yen per BTC, so even with twice million yen drops, Bitcoin has continued to rise in value.

On the other hand, China, Europe and the U.S. seem to be moving in the direction of tightening controls on crypto assets (virtual currencies).

Currency control is the cornerstone of a nation's economy, so it's not hard to imagine how an entity like Bitcoin would be depressing to those in power.

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"Bitcoin and the new coronavirus are very similar"

I think that.

Things that pose a threat to the nation will be eradicated by the nation.

The mRNA vaccine and other products that are "just right" for the new coronavirus are the result of the U.S. "360-degree drug discovery research and development" funded by the national budget.

I, personally, estimated that it would take four years to complete the vaccine, so I can say that the speed of the vaccine far exceeded my expectations.

I was reminded once again of the power of nations, especially the United States.

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On the other hand, if Bitcoin also becomes a threat to the nation, I think the nation power will not keep quiet.

In particular, there is a precedent that the nation has already overlooked the credit market and made it 'uncrashable'.

In comparison, the size of the Bitcoin market is small enough in the context of the overall credit market. In other words,

"Now, we can destroy it."

If the power side thinks that way, it's only natural.

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Therefore, if I were to consider a survival strategy for Bitcoin, I would use the following information, which can be found here

"A Return to the 'Petit Bourgeoisie Bitcoin'"

might be good.

I don't know whether that's possible now or not now.