Bitcoin is considered a cryptocurrency and a digital currency,the two most notable characteristics are decentralization and anonymity.Bitcoin has a variety of properties.It could play not only the currency function but also have certain commodity property.To some extent,it can also be seen as an alternative investment option.The price of Bitcoin has stayed at a high level since 2021,but with greater volatility and more obvious amplitude than before.With the risk and potential problems of Bitcoin,the possibility of whether Bitcoin would lead to a big bubble in the financial market has increased.Although the legal status of Bitcoin is varying and having unclear or constantly changing definitions in different countries,the government is strengthening supervision and regulation over digital currency and planning to issue state-controlled currency,which would narrow the space for Bitcoin.Therefore,the possibility that Bitcoin will end up in a bubble is growing.At the same time,it is becoming increasingly clear that Bitcoin would not eventually gain legal tender status,driven by a combination of government denial and a lack of real value.
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