In December, the crypto world experienced two extremes simultaneously: Bitcoin plummeted 35% from its high point of $125,000, spreading panic; on the other hand, Musk proposed a bold hypothesis - the $38 trillion US debt time bomb might just propel Bitcoin to the altar.

The logic is actually quite straightforward: The Federal Reserve's "robbing Peter to pay Paul" approach has reached its limit, with debt snowballing larger and larger, and the dollar's credit rating being repeatedly challenged. At this point, Bitcoin's "proof of energy" mechanism appears to be quite robust—every kilowatt-hour consumed in mining is backing it.

The credit currency of the traditional financial system meets the decentralized energy currency; this contest has just begun. The market is voting with its feet, and investors are reassessing the chips in their hands—what truly counts as a store of value? The answer may lie between the electricity bill and the blockchain ledger.

BTC0.37%

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ImaginaryWhale

· 12-03 00:52

A 35% fall doesn't scare me, I'll buy the dip if I need to, after all, the US debt situation will have to be accounted for sooner or later. I really don't understand some people, they scream to cut losses when the market falls, and then regret it when it rebounds. Elon Musk's remarks really hit the nail on the head, proof of energy vs credit rating, the answer couldn't be clearer. The dollar rolling like a snowball will eventually explode, Bitcoin is that insurance. For those still struggling with whether to buy or not, take a good look at the Fed's tricks, and judge for yourself. Panic is the golden moment for buying low, those who understand, understand. I admire the logic of energy endorsement, it's much more reliable than printing money out of thin air.

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HodlTheDoor

· 12-03 00:52

Musk's recent comments are really energizing the crypto world. A 35% fall is indeed terrifying, but this is the real test.

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ser_we_are_early

· 12-03 00:27

A 35% drop isn't a big deal, the real panic is for those who still believe in the US dollar. Musk's words hit the nail on the head, but wait... can it really be that simple? US Treasury bomb = Bitcoin going to the moon? That logic is a bit absolute, bro. The electricity consumed by Mining is the value endorsement of Bitcoin, I like this perspective. To put it bluntly, it's about taking sides: either trust the Fed or trust Computing Power, I choose the latter. With this rhythm in December, those who Cut Loss must be regretting it. Proof of Energy vs Credit system, I'm betting on this game.

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PumpingCroissant

· 12-03 00:24

A 35% fall hasn't scared people off yet; the real test is just beginning. Elon Musk really knows how to pick his moments to speak. The theory of the US debt bomb combined with the BTC drop is an incredible manipulation of public opinion. Proof of Energy vs. Credit out of thin air sounds nice, but how do we calculate the electricity costs? Who's going to cover the mining costs? This wave is truly a watershed moment between faith and panic; let's see who can hold out until the end. Once the Fed's money printing machine starts, it's BTC's turn to take the stage; the logic is sound. Even after such a drop, there are still people calling for a bottom; either they truly believe or they are seriously trapped, haha.

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GateUser-7b078580

· 12-03 00:23

The data shows a 35% fall, and it's still continuing to bleed on an hourly basis. However... miners are eating too much, and this mechanism itself is unreasonable. Just wait a bit longer, the historical low has not appeared yet.

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