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Don't spend more than 100 dollars on an engagement ring,

"Why not buy Bitcoin for your future family?"

When Pierre Rochard, the vice president of the mining company Riot Platforms, threw out this somewhat provocative remark on the X platform, the reactions from netizens were not far from what one might imagine: some called it the ramblings of cryptocurrency believers, seeing it as a desecration of true love; while another group applauded, glad that someone finally pierced the illusion of consumerism.

Diamonds are a poor asset in almost all respects. First of all, their liquidity is extremely low. Once a diamond leaves the jewelry store counter, the resale price drops significantly, often only 30% to 50% of the original price. There is not even a public, transparent, and standardized secondary diamond price index in the market that allows you to understand its true market value like tracking stock prices or gold prices. The diamond ring you can buy is more about brand premium, retailer profit, and that carefully packaged "emotional value."

Bitcoin, although known for its extreme volatility, is logically closer to the concept of "digital gold." The total supply of BTC is capped at 21 million coins, a scarcity guaranteed by code that cannot be tampered with by any individual.
BTC-0.08%
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