Regulators focus on the speculative attraction of paper Bitcoin

The “Summer of Paper Bitcoin” phenomenon has evolved from speculative interest to the focus of financial censorship. Driven by nostalgia and limited supply, more than 150,000 units have been sold worldwide as of the first quarter of 2024. Because its value lies in display and collect value rather than transactional purposes, items like the Developer Signature Edition have been sold for over $10,000 in private sales, which has raised concerns about fraud and lack of standardization. Although fintech startups offer authentication and blockchain verification services, regulatory and scalability challenges remain. Against the backdrop of intensifying market volatility, only 12% of investors regard physical Bitcoin as their core strategy.