Yi Gang's attitude towards bitcoin

1.

according to foreign media reports, with the growing popularity of bitcoin, central bank governors around the world have also expressed their views on this digital currency

Federal Reserve Bank of the United States

in December last year, at the monetary policy meeting of the Federal Reserve Bank of the United States, Janet Yellen, chairman of the Federal Reserve Board, was asked what she thought of bitcoin

According to Yellen, this kind of digital currency is a "highly speculative asset" and "cannot be legal tender". She added that it "plays a negligible role in the payment system" and that it "is not a stable store of value."

"the Federal Reserve Bank will not make any policy on bitcoin. Instead, we will only ensure that the banking institutions we supervise pay close attention to digital currency and properly manage their interaction with traders in the market. Moreover, we will monitor whether these banking institutions have fulfilled their responsibilities to combat money laundering and ensure the safety of banks. " Yellen said

at the end of November last year, Jerome Powell, who will replace Yellen as chairman of the Federal Reserve in February this year, also expressed his views on cryptocurrency. Cryptocurrencies "don't matter now" because "they're not big enough," he said

According to Powell, the financial risk brought by digital currency to the financial market is minimal“ They're not big enough, they don't matter now. " He said

European Central Bank

in October last year, Mario Draghi, President of the European Central Bank, said that cryptocurrency was not "mature" enough for the central bank to regulate management

"for anything new, people are always full of expectations, but also feel very uncertain. Now, as far as bitcoin and other cryptocurrencies are concerned, we don't think they are mature enough for us to consider standardized management. " He said

Draghi pointed out that tools like bitcoin have both advantages and disadvantages, and we need to weigh them carefully

"a lesson of the great financial crisis is financial innovation. As far as bitcoin is concerned, it is a financial and technological innovation. We should pay close attention to its potential risks while paying attention to it. " He said

Bank of Canada

in December last year, Stephen poloz, President of the Bank of Canada, also spent some time discussing cryptocurrency. He claims that buying digital currency is a gamble, not an investment

"perhaps no one can say clearly what their real value is. One can at most say that buying digital currency is buying risk. This makes it closer to gambling than investment. " "For people who want to buy cryptocurrency, what I want to say is that you should read the collateral to make sure you know what you're investing in," boloz said

According to boloz, the demand for digital currency will increase in the future. He added that the Central Bank of Canada was studying whether to issue its own digital currency

"bank staff are studying the conditions under which the central bank is more suitable to issue its own digital currency for retail transactions." He said

Reserve Bank of Australia

in December last year, Reserve Bank of Australia President Philip Lowe talked about bitcoin in a speech. He pointed out that this kind of digital currency will not be used in daily payment activities, and it can not be accepted so soon

According to Lowe, the reason is that the price of bitcoin is extremely unstable, the number of payments that can be processed at the same time is limited, the transaction and electricity costs are too high, and the management is too difficult

moreover, when bitcoin is only used as a payment tool, it "is more likely to attract those who want to trade in black or illegal economic activities."

Bank of Japan

at the end of 2017, Haruhiko Kuroda, President of Bank of Japan, said the price fluctuation of bitcoin was "extremely abnormal"

when asked if there will be a bubble in bitcoin, he replied, "I may not be qualified to evaluate it, but if you look at its trend, you will see that its price fluctuation is very abnormal. If you want to ask whether bitcoin has the same function as money, that is, as a payment or settlement tool, then my answer is No

investment should be cautious and private letter from mining machinery is needed

2.

To guard against the possible risks brought by bitcoin, we know that digital currency represented by bitcoin has high risks. This kind of risk is mainly reflected in two aspects: first, the limitation of digital currency makes it used as investment goods, and the price is extremely unstable. Those who do not understand the principle of digital currency and pay too much attention to speculation are easy to suffer losses for various reasons

Secondly, national digital currency is linked to its own legal currency to a certain extent, so it effectively avoids the price volatility of bitcoin. Because the CBDC issued by our country is guaranteed by the credit of the central bank, it must be a stable currency. In today's international situation, the research and development of digital currency in China is of great significance. The introction of digital currency is not an expedient measure, it has become the development direction of China's future currency

3. No matter from personal point of view or from Yi Gang's point of view, regarding digital monetary policy, from the standpoint of the central bank, it has revealed:
first, to maintain the continuity of monetary policy, not to release water, not to shrink abruptly
Second, it will not change the fact that bitcoin is not legally recognized
thirdly, strengthen supervision, pay attention to safety and maintain stable and neutral development
Fourth, to serve the development of the real economy
considering the consistent policy of the Chinese government on digital currency, maintaining stability and continuity should be the current orientation and trend< In addition, although Yi Gang pointed out at the Boao Forum for Asia that he would take a strict attitude towards digital currency, it does not mean that he will stop studying digital currency. At present, the central bank is studying how digital currency can serve the real economy in a better form, develop safely in the best form and avoid possible negative effects, Let digital currency serve the economy better
in spite of stricter supervision, it is still believed that the central bank will adopt a combination of easing and blocking measures for the development of digital currency in the future.

4. Jiangsu Rongze e-license blockchain platform and ZTE Shenzhen's shared government platform are excellent platforms. Tencent, Jingdong and ant have also made efforts in this direction, and there is no specific platform to be implemented.

5. Tuberculosis is a chronic infectious disease caused by Mycobacterium tuberculosis, which can invade many organs, especially pulmonary tuberculosis. The important source of infection is the excretor. It is not necessary for human body to be infected with tuberculosis. When the resistance is reced or the cell-mediated allergy is increased, it may cause clinical disease. If timely diagnosis and reasonable treatment can be made, most patients will be cured.

6. Compared with the U.S. dollar, the king of global currencies, bitcoin is still a "small potato". Although the market value of bitcoin has risen to more than $1 trillion, the proportion is still small compared with the circulation supply of $19.4 trillion. However, it can not be ignored that the market value of bitcoin has increased about 55 times in the past four years and more than 100 times in the past seven years. Therefore, it is not impossible to compare bitcoin with the US dollar

a sub committee of the House Financial Services Committee will discuss how to prevent access to KB financing, including cryptocurrency. The US national security, international development and monetary policy sub committee will hold a hearing. The hearing will assess the "overall growth" in the popularity of cryptocurrencies as banks begin to tighten financing measures because of cryptocurrencies, the Commission said. In addition, US Treasury Secretary John Yellen has mentioned at least three times in the past five weeks that the use of cryptocurrency is a key issue
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7. Bitcoin has been hyped and operated by various platforms all over the world. It is a kind of "special currency" recognized by more and more investors. At present, it has no national boundaries and is also decentralized. Speculators want to regard it as an international currency for global circulation
at present, there are many investors participating in the speculation, and the current price is also very high, and the price has been rising all the way in recent years; In addition, e to its high speculation and large price fluctuation, some investors have made a fortune, while others have lost money. In short, the current speculation and development of bitcoin have deviated from the correct direction, deviated from the original design intention, and may be further and further away from the expected goal
therefore, people should take an objective and rational attitude towards bitcoin. They can't regard bitcoin as a God and deify it too much in front of the life-saving straw of making a fortune. They think that the pie of a villa with one coin will fall from the sky. In fact, it is very risky to participate in speculation. Just like the stock market, only a few people make money after all; Moreover, e to a small number of manipulation, there are also many investment traps. Investors must be careful of risks.

8.

Robert Schiller, a well-known economist and Nobel Laureate in economics, recently accepted an interview with CNBC's trading nation column and expressed his views on BTC. He believes that bitcoin may be a bubble, but that does not mean that it will burst or disappear forever. p>

recently, Tim Draper, a well-known investor in Silicon Valley, predicted that the price of bitcoin could reach US $250000 by 2022