So why do we say that Bitcoin is the world currency?

Every country has its own fiat currency, but there isn’t a suitable world currency between countries. Gold and silver are clearly falling behind in this information age. The US dollar is, in fact, the world’s currency, but since it is controlled by the United States, it serves as an extension of American hegemony. The US can print money to reap the benefits from the whole world, so the dollar is not a suitable world currency. Similarly, the fiat currency of any single country is not fit to be a world currency. Bitcoin, on the other hand, can operate as long as there’s a network—it’s a currency that anyone around the world can use, is objectively neutral, and is not controlled by any country. It can serve as an ideal world currency. In countries suffering from severe inflation, Bitcoin is even more meaningful in saving ordinary people.

Bitcoin is currently highly volatile because its market cap is still too small. Once the market cap reaches a certain size, its price will stabilize, and then there will be no issue using it as a currency. The blockchain concept is very popular now, but let’s not forget—Bitcoin came first, and only later did people summarize the series of technologies designed for Bitcoin and call it blockchain technology. When discussing blockchain, you simply cannot ignore Bitcoin. Blockchain technology has broad application scenarios in fields such as public welfare, smart contracts, notarization, insurance, and decentralized finance.

Bitcoin, as the first successful application of blockchain technology, carries significant meaning. Bitcoin is not managed by any central authority, yet has been running spontaneously for sixteen years. Its growth is not just a major technological innovation but also a major innovation in human organizational structure. For the first time in human history, Bitcoin has enabled unified action among people without central management. All nodes in the Bitcoin network are equal—no one is in charge, but all nodes work together to create a completely consistent blockchain ledger.

Thus, Bitcoin also embodies a kind of popular consensus—the power of the people is great; when ordinary people unite, even the privileged must comply. If the highest authority wants to make changes to Bitcoin, they must humble themselves and persuade Bitcoin users to accept them voluntarily, appealing with reason rather than authority.

Therefore, Bitcoin is the first power institution in human history without a management center, a community run entirely by rules and negotiation. It is a great revolution in the form of human social organization, advancing human civilization in a peaceful way. This idea of following rules instead of submitting to authority, valuing rule of law over rule by man, and preferring negotiation over dictatorship is a major inspiration for innovation in human organization and for building decentralized communities.

Alright, that’s the end of this lesson. Finally, I sincerely wish every one of my readers will ultimately achieve financial freedom.