Bitcoin falls Below $70,000! Three major investment logics fail in succession, Market reexamines the "digital gold" myth.

According to the WiseFinance app, as the price of Bitcoin continues to fall, the world's largest cryptocurrency is facing one of the most serious trust crises in recent years. This week, Bitcoin fell below the $70,000 mark, briefly touching around $67,000, a cumulative retreat of over 46% from the historical high of $126,000 set in October last year. In the past 12 months, Bitcoin has fallen by 36%, not only underperforming major US stock indices, but also failing to fulfill its long-standing core investment logic of being a "digital gold," "inflation-resistant asset," and "hedge tool" that has been repeatedly emphasized by its supporters.