$BTC Recently, the Ponzi scheme suspicions surrounding Bitcoin have become increasingly apparent. The biggest challenge faced by the United States is how to legitimately gain the recognition of various governments for Bitcoin, allowing it to function as a credit currency parallel to the US dollar. In this way, once the credit of the US dollar is compromised due to issues with US debt, the US can find an alternative path to continue its dream of global financial hegemony.

To this end, successive US governments have gone to great lengths. They first helped Bitcoin crush all its competitors, and now they have elevated Bitcoin to a status equivalent to gold, incorporating it into America's strategic reserves.

However, the biggest weakness of Bitcoin lies in its difficult-to-regulate characteristics. No responsible government would allow such a speculative, extremely unstable, and unregulated currency to become the cornerstone of the national economy. Once Bitcoin infiltrates a country's payment system, it is bound to disrupt the country's business order, and even subvert the wealth and reserve system accumulated over many years. Accepting Bitcoin is tantamount to the national government voluntarily relinquishing monetary sovereignty and destroying its own foundations.

Perhaps only small countries that have completely lost confidence in their own currency, or major US-influenced countries like South Korea, Japan, and the Philippines, may become testing grounds for Bitcoin. For major countries like China and the European Union that pursue financial independence, as well as many developing countries, as long as their economies can maintain normal operations, they will keep a respectful distance from Bitcoin. No matter how Wall Street inflates Bitcoin to sky-high prices, it cannot escape its speculative nature.

Recently, the momentum of Ethereum's puppies is quite strong, which may lead to a breakout #Meme齐涨 .