Bitcoin: A study on the development of crossing the boundaries of tradition and emerging finance

This video focuses on Bitcoin and covers all key aspects of Bitcoin's development. 1. Background and development history: The financial crisis in 2008 became an important opportunity for the birth of Bitcoin. The drawbacks of the traditional financial system were exposed, the people's trust in it collapsed, and the concept of decentralization emerged. Satoshi Nakamoto released a white paper and Bitcoin came into being. From the birth of the Genesis Block in 2009, to the price fluctuations many times, and then to the breakthrough of US$100,000 in 2024, Bitcoin continues to develop in amidst controversy, deeply reflecting the innovation and challenges in the digital currency field. 2. The essence of business: From the perspective of traditional finance, the approval of Bitcoin spot ETF further integrates it into the traditional financial system, but it also triggers thinking about its "decentralization" concept. From the perspective of Web3, although Bitcoin currently has difficulty in playing the role of the "dollar" in the virtual world, with the development of the Web3 ecosystem, it is expected to build an internal credit system and become a reserve currency in the virtual world. The business nature of Bitcoin is transforming from decentralized symbols to institutionalized financial commodities and virtual world reserve currencies. 3. Industrial practice: Bitcoin has driven the development of blockchain technology, and various consensus mechanisms have been continuously innovated and optimized, and application scenarios have been expanded to supply chain management, medical data and other fields. In the mining, finance, non-financial fields and the Web3 ecosystem, Bitcoin has extensive practices and has formed a huge ecosystem, but it also faces regulatory issues, and future application scenarios need to be further expanded. 4. Discussion on general development laws: Bitcoin’s success is due to the background of the times, technological innovation, economic attributes, community operations and marketing promotion. However, its success model is difficult to replicate, and the first-mover advantage of technology, brand effect and regulatory environment have all increased the difficulty of competition among latecomers. Although other digital currencies have opportunities, they need to make continuous efforts in technology, application, risk response and ecological construction. Through this video, you will have a comprehensive understanding of Bitcoin's development history, business nature, industrial practice and future development trends in the financial field, and have an in-depth insight into this emerging financial phenomenon. Welcome to discuss in the comment area~