$BTC The Ice and Fire of Bitcoin: SEC Chairman Calls BTC the 'Financial Future', but a16z Sounds the Alarm on BTC Quantum Threats, and the total cost for miners to mine a single Bitcoin has soared to $137,800.
The SEC Chairman's remarks sent shockwaves: 'Bitcoin will become the underlying foundation of the global financial system!' The transition from traditional financial systems to crypto-native technology is, in his words, 'the direction of world development.'
But before the cheers had subsided, a16z (Andreesen Horowitz) dropped a depth charge, issuing an urgent warning: Bitcoin faces an 'extinction-level' threat from quantum computers! Its current signature mechanism is vulnerable and must urgently shift to quantum-resistant digital signatures.
The challenge lies in the slow upgrade of Bitcoin, the difficulty in reaching community consensus, and the high risk of hard forks. Even more challenging is that the transition requires holders to proactively migrate their assets, and millions of 'sleeping' Bitcoins are easy targets for attacks, potentially involving a market value of hundreds of billions of dollars.
Why do so many people 'grit their teeth' for Bitcoin? The pressure of the real world may be one of the driving forces. The worsening housing affordability in the U.S. is pushing many Generation Z individuals towards 'economic nihilism'—since buying a house seems hopeless, they might as well engage in high-risk speculation. Cryptocurrency has become a potential 'shortcut' in their eyes.
Data confirms this frenzy: over the past year, Bitcoin surged 122%, outperforming all traditional assets. The investment made by miners also reveals the 'involution' of the industry: the total cost for public miners to mine a single Bitcoin has soared to $137,800, far exceeding the current market price, which is both a belief and a gamble.
The future has arrived, but it is also fraught with crises. On one side is the grand narrative backed by official endorsement, and on the other is the imminent survival crisis; on one side are the wealth dreams of young people, and on the other is the increasingly high cost of participation. Bitcoin stands at the crossroads of tradition and the future, opportunity and risk. Is this feast the cornerstone to a new world, or a countdown under the quantum threat? Everyone is holding their breath. $ETH $DOGE
