Bitcoin – The Beginning of a Financial Revolution
Hello everyone! Today, let’s dive into a topic that almost all of us have heard about, and many have been deeply curious about: Bitcoin and crypto.
Did you know that as of mid-2025, a single Bitcoin is worth nearly $105,000 USD (around 2.6 billion VND)? That’s an astonishing rise from just $0.00076 in 2009. Without exaggeration, Bitcoin is the most appreciated asset in human history.
1. What is Bitcoin? Is it Legal? Where Does Its Value Come From?
✦ The Mysterious Origins
Bitcoin was launched in 2009 by Satoshi Nakamoto, a mysterious figure (or group) whose identity remains unknown to this day.
✦ How It Works
Bitcoin operates on blockchain technology – a public, decentralized, and immutable ledger that records all transactions transparently. It enables peer-to-peer transactions without banks or intermediaries.
✦ Why Does Bitcoin Have Value?
- Limited supply: Only 21 million BTC will ever exist.
- Mining gets harder: It requires increasing electricity and computing power.
- Lost Bitcoins: About 20% of all Bitcoin may be permanently inaccessible due to lost wallets or private keys.
- Halving events: Every 4 years, Bitcoin’s mining reward is cut in half, reducing new supply while demand often grows.
2. The Crypto Ecosystem: Who’s King? Who’s a Pawn?
There are now over 20,000 cryptocurrencies, but two dominate the space:
- Bitcoin – The King: The backbone of the market. No company or authority controls it, and its movements impact the entire crypto space.
- Ethereum – The Queen: Created by Vitalik Buterin, Ethereum introduced smart contracts and decentralized applications (dApps). But since it’s managed by a team, it carries risks linked to governance.
- Altcoins – The Pawns: Alternatives like BNB, SOL, XRP, DOGE, etc., can bring opportunity—but with higher volatility.
3. The Risks of Altcoins – And Lessons Learned
Many Altcoins experience massive short-term gains due to speculation or “whale” (large investor) manipulation. But when the market turns bearish, these coins often crash and disappear.
My personal takeaway:
Keep at least 60% of your portfolio in Bitcoin and Ethereum to reduce risk. Treat altcoins as high-risk plays, not the core of your investments.
4. Is Crypto Legal in Vietnam?
Under Vietnamese law:
- Cryptocurrencies are NOT legal tender – you cannot use Bitcoin to buy goods, property, or services.
- However, investing in crypto IS allowed. You can buy, sell, and hold crypto assets for profit.
So, crypto is legal for investment—but not for direct payments.
5. In Summary
- What is crypto? A decentralized digital asset built on blockchain.
- Why does it have value? Due to community trust, limited supply, and technological innovation.
- Is it legal in Vietnam? Yes for investment, no for payments.
Final Thoughts
Crypto investing is exciting but filled with risks. To succeed, you need knowledge, discipline, and continuous learning.
👉 If you found this article helpful, feel free to share, comment, or subscribe to support the content.
Thanks for reading – see you next time!
