In recent days, due to the large fluctuations in virtual currencies, the social impact has also been unprecedented.

As the saying goes, outsiders watch the excitement while insiders see the essence. A couple of days ago, Bitcoin retraced, causing mainstream, altcoins, and popular coins to generally decline.

In fact, the retracement of Bitcoin and Ethereum was not significant, but many small coins experienced dramatic drops.

As a result, various voices emerged online. One particularly strange voice, which is essentially mindless, stated: BTC cannot be eaten, cannot be used for purchases, and is nothing more than a worthless number.

So I asked him, gold cannot be eaten either, and you can't pay the bill at a restaurant with it, so isn't it similar to worthless scrap metal? Why do you still treat it as a treasure?

Financial products have their respective attributes just like metal products. Regardless of whether they are officially issued or socially issued, once consensus is formed in the market and application scenarios arise, their value is generated.

The broader the application scenarios, the higher the value, and it is unstoppable.

Recently, the Meme project featuring the Elon Musk concept, Marvin, has garnered high market attention, has a low market cap, and an active community. Interested friends can follow and learn more.