2025-01-21 08:36
What is the Bitcoin reserve proposal?
How will the U.S.-China digital asset competition affect the market?
What are the solutions to address the centralization of hash power?

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- Bitcoin Preparedness Proposal Probability Soars on Polymarket
- US-China Digital Asset Competition and Policy Shifts Anticipated
[Unblock Media] Recently, the probability of the Bitcoin preparedness proposal on Polymarket has significantly surged. This is not just a change in numbers but is seen as a crucial indicator reflecting how the market views the future value of cryptocurrency and international policy changes.
The primary reason for the sharp rise in the probability related to the Bitcoin preparedness proposal on Polymarket is analyzed as the investors' perception that the proposal is more likely to come to fruition. Through this, market participants are growing their expectations that Bitcoin could act as a reserve currency or an asset linked to national policy, rather than just being a speculative investment. Even compared to similar market prediction platforms like Kalshi, the volatility in probability has been substantial. Investors are using this indicator not only for short-term trading but also to draw a bigger picture of the broader cryptocurrency ecosystem.
As Bitcoin's influence grows, there's also concern over the potential loss of decentralization if specific interest groups gain control of the majority of the network's hash power. Large mining companies could steer the network's operations with their high hash power, and both investors and governments are paying attention to centralization issues, considering the network's stability and regulation possibilities simultaneously. Such issues have been consistently raised within the cryptocurrency community and have become a significant concern for policymakers. This debate goes beyond mere technical issues to touch on the core philosophy of cryptocurrency, which is the value of decentralization.
China has already begun trial and pilot operations of its digital yuan in the international payment system. With this as a foundation, China is aiming to expand its influence in the global financial system, which poses significant pressure on the United States. China is enhancing its central bank digital currency technology for global use, while the US has embarked on a race to develop a digital dollar, necessitating active responses to maintain financial hegemony. Experts indicate that this competition could reshape the global financial market landscape within the next 2-3 years.
The spike in the probability of the Bitcoin preparedness proposal suggests that Bitcoin might be considered as a new reserve asset, beyond just an investment product. The potential for excessive power concentration by specific entities could further intensify government regulations. Moreover, the digital currency competition between China and the US raises uncertainties in the digital asset market while also opening up new opportunities.
Probability analysis indicators in the cryptocurrency market serve not only as a tool for investment but also as an important barometer for gauging international economic and political landscapes. The sharp rise in the probability of the Bitcoin preparedness proposal, subsequent policy and regulatory discussions, and the digital asset power struggle between the US and China signify the potential for rapid transformation in the global financial ecosystem.
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