Can bitcoin break the trillion dollar market value
If you use three words to describe the latest bitcoin, it can only be three words & quot; It's going crazy;. On February 19, the price of bitcoin reached a high of US $56000, with a total market value of US $1 trillion{ RRRRR}
coupled with the global popularity and high liquidity of bitcoin, long-term holders believe that bitcoin is an ideal medium for long-term wealth storage and will appreciate over time
how does bitcoin work? In the bitcoin system, the way money drives is not the digital transfer of cash that most people imagine. When Alice remits money to Bob, Alice's process is like recording on the account book that everyone sees that she transferred $1 to Bob. If Carol wants to charge Bob a dollar, she can see from the same ledger that Bob does have a dollar
with the price of bitcoin reaching a new high, its market value has successfully exceeded US $1 trillion. This strong performance seems to be a bit & lt; Slap in the face & quot; JPMorgan Analyst & mdash& mdash; In an evaluation report, they warned that bitcoin is a & lt; After the economic boom, the hedging effect on the decline of stock price is not good. Bitcoin, as the most popular cryptocurrency in the world, once jumped to an all-time high of US $56399.99, with a weekly increase of 14% and a surge of nearly 70%. The latest market shows that today's highest rise to 56600 usdt, a new record high
Jacob skaaning, portfolio manager of encryption hedge fund ark36, said that the next milestone in bitcoin's market value will be to surpass alphabet Inc, which currently has a market value of $1.431 trillion& ldquo; There may be some big fluctuations along the way, but I am still very optimistic. I believe this upward trend will continue for the time being& rdquo; He added. Despite this, many analysts and investors remain skeptical about this poorly regulated, highly volatile digital asset, which is rarely used in business. Bitcoin supporters believe that bitcoin is & lt; Digital gold;, It can hedge the inflation risk caused by the central bank and the government's large-scale stimulus plan aimed at fighting covid-19
I think it should be higher in the future. Although many people do not recognize the value of bitcoin, even many people think bitcoin is just a hoax, but in the current situation, the market value of bitcoin has returned to 10000 billion US dollars, and the unit price has also reached 58000 dollars. Under such circumstances, if the bubble of bitcoin burst, It is likely to bring disastrous effects to the global economy, so although I personally do not recognize the value of bitcoin, I think bitcoin will continue to rise in the future, which is a proct of market recognition
the market value of bitcoin is back to US $100 billion
this news is very exciting, but also very uncomfortable. Why do you say that? Because bitcoin itself has no value, it is just a proct of capital speculation. At the same time, the rise of bitcoin also means the further aggravation of inflation. We may not feel the severity of inflation at home. We will only feel that the current price is only a little higher than before, and we can still make a lot of money now, But inflation is actually very serious abroad, and bitcoin's constant breakthrough is a sign{ RRRRR}
Article 2, pyramid selling refers to that the organizer or operator's development personnel seek illegal benefits by calculating and paying remuneration to the developed personnel based on their number of directly or indirectly developed personnel or sales performance, or requiring the developed personnel to obtain the qualification of joining in the condition of paying a certain fee, Disturbing economic order and affecting social stability< Article 7 the following acts belong to pyramid selling:
(1) organizers or business operators, through development personnel, require other personnel developed by the developed personnel to join, and calculate and pay remuneration (including material rewards and other economic benefits, the same below) to the developed personnel based on the number of personnel developed directly or indirectly, so as to seek illegal benefits
(2) the organizer or business operator, through the developer, requires the developed person to pay fees or pay fees in disguised form by way of subscribing for commodities, so as to obtain the qualification of joining or developing other persons to join and seek illegal interests
(3) the organizer or business operator, through the development personnel, requests other personnel developed by the development personnel to join, forms the relationship between the upper and lower line, and calculates and pays the online remuneration based on the sales performance of the lower line, so as to seek illegal interests.
The total market value of bitcoin has exceeded US $1 trillion. What is the reason that makes it so powerful? Let's take a look at bitcoin. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system< unlike all currencies, bitcoin does not rely on a specific monetary institution to issue. It is generated by a large number of calculations based on a specific algorithm
from the performance of bitcoin at this stage, bitcoin has low liquidity level and high liquidity risk, so it can not effectively perform the three basic functions of currency: transaction medium, pricing unit and value storage, and can not become a real currency< because it is not a currency in circulation, it has no legal status, so it is not recommended to invest in bitcoin because the risk is too high so far, countries have not recognized the value of bitcoin itself, so the risk of bitcoin is relatively high. But there are also many people who can't resist the temptation of money, so they choose to start bitcoin. But in the end, they have suffered a lot, and some people have paid for their lives
no one can really master bitcoin. If you are interested, you can learn more about it. Many people speculate that bitcoin will continue to rise. If you have spare money, you can invest some first, but you must keep a rational attitude
Bitcoin prices hit a new high. Bitcoin broke the $50000 mark on the 16th and hit $51000 on the 17th, according to data from coindesk. As of 7 a.m. Beijing time, the price of bitcoin rose 7.4% to $56055.74
at this latest price, the total market value of bitcoin is about $1.04 trillion. This number is second only to Google, which has a market value of $1.4 trillion, and higher than Tesla, which has a market value of $750 billion, ranking fifth in US stocks. Based on the closing price of Guizhou Maotai on February 19, the total market value of bitcoin is 2.17 times that of Maotai
the value of bitcoin will grow by more than 415 billion US dollars in 2021, reaching more than 1 trillion US dollars. In the past six months, bitcoin prices have risen by about 350%. Market participants said that recently, some institutions and large companies said they would enter the field of digital currency, which pushed up the price of bitcoin. Changes in the flow of speculative funds benefiting from the early stage in the future and the attitude of regulators may have an impact on its trend. At the same time, it makes more cryptocurrencies known, but the value of most cryptocurrencies, especially bitcoin, fluctuates every day. Although virtual currency is designed to promote safer transactions, it is not difficult to see that its value is becoming more and more speculative through the recent price fluctuation of bitcoin. Some encryption investors become millionaires overnight, but they may lose most of their wealth in a few weeks. It also shows the huge and unreliable nature of bitcoin, especially the goods and services as a currency
Of course, there are many other factors in addition to the above two main reasons. For example, in the past two years, new currency issuance has been stopped by many countries. After the outbreak of digital currency market in 2017, a large number of new digital currencies appeared in the market. However, the issuance of new currency usually carries a high risk, and there are many fraulent behaviors in the market, so the issuance of new currency is stopped by various countries. The ban on the issuance of new currency has hindered the development of digital currency, but it has further boosted the flames and stabilized the investment value of bitcoinpotential problems and risks faced by bitcoin
technological innovation: first of all, the challenge bitcoin will face is technological innovation. The decentralized design of bitcoin not only refreshes us, but also limits the development of bitcoin. Every upgrade of bitcoin protocol needs to reach a consensus with each node on the network, but everyone has different views on bitcoin, and consensus is often difficult to achieve. This problem leads to the bifurcations of bitcoin and the slow development of bitcoin protocol itself. At the same time, with the development of science and technology, the implementation and application of quantum computing will also break the security model built by bitcoin based on the overall computing power of all nodes in the network, which may theoretically achieve 51% computing power attack. So far, this problem has not been solved. In other words, bitcoin may suddenly become less secure after the advent of quantum computing technology. In addition, e to the consensus mechanism of bitcoin, power consumption and hardware requirements are also increasing. So far, these problems have not been completely solved
the issue of central bank's digital currency: in addition to some problems of bitcoin itself, bitcoin will also face the challenges of central bank's digital currency in the future. Part of the value of bitcoin lies in the application of its blockchain, and the transaction mode of blockchain is also a major direction for the development of banks in the future. Applying the same technology, the central bank can better examine economic activities and carry out macro-control, which may be more concive to economic development. At the same time, we are not sure whether the digital currency issued with national credit will be easier to implement and get better development. However, when central banks make similar attempts, they are bound to compete with bitcoin to a certain extent
the foundation and early development of bitcoin are based on people's desire to build a fairer monetary system. But with the financialization of bitcoin and the admission of institutional investors, we suddenly found that a large number of bitcoin has been in the hands of financial giants. Bitcoin as cryptocurrency, its transactions have been outside the supervision, there is no legal requirement for institutional investors to disclose the large amount of transactions of bitcoin to ensure the fairness of the market, which also provides a lot of space for institutional investors to manipulate the market. Retail investors enter the market with a good vision of digital currency, but in the end, they become the target of big predators. After harvest after harvest, more capital is in the hands of financial giants
bitcoin is a virtual encrypted digital currency in the form of P2P
1. Issuer:
compared with fiat money, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone can participate in the manufacturing of bitcoin, and it can circulate all over the world. It can be bought and sold on any computer connected to the Internet. No matter where they are, anyone can dig, buy and sell bitcoin Bitcoin is sold or received, and the user's identity information cannot be recognized by foreigners ring the transaction. Bitcoin can be used to cash, which can be converted into the currency of most countries. There are also regulatory black holes. Bitcoin and other virtual currencies may have money laundering, crime and other behaviors. From the initial value of less than 1 cent to now $56000, the price promotion mode of bitcoin seems irrational. Its roller coaster trend and market is even known as & lt; Professional leek harvester;. It is reported that in the development of bitcoin, at least three times it has plummeted by more than 80%. In the market mood of ups and downs, because bitcoin has no virtual nature of physical endorsement, there were many views that bitcoin was a big fraud at first
The concept of
bitcoin was first proposed by Nakamoto on November 1, 2008, but the real identity of Nakamoto is not known at present. Wang Xing, CEO of meituan, said at the dinner party, "I'm not sure if it's going to work; In theory, Nakamoto is the richest man in the world& rdquo; On February 16, 2021, the price of bitcoin exceeded $50000. On February 20, 2021, the total market value of bitcoin exceeded $1 trillion, surpassing two Maotai.. On February 22, 2021, the price of bitcoin exceeded $58000 per coin
Bitcoin is virtual currency. The value of its existence can be linked with the blockchain
bitcoin has been used for various illegal purposes, but this is not the original intention of Nakamoto. In addition, bitcoin also has certain uses in payment and remittance, smart contract, information disclosure, speculation and other fields. Especially in terms of payment and remittance, bitcoin, as an internet currency, can achieve barrier free global cross-border transactions anytime and anywhere as long as there is Internet. Moreover, the handling charge is extremely low, and international micro transfers can also be easily reached. Therefore, the fundamental source of bitcoin price is the value of bitcoin, and the value comes from its use
“ To put it bluntly, bitcoin has the advantages of low handling charge and anonymity. Make people like this kind of virtual currency, know more people, its value will go up& rdquo; This is what David Smooke, founder of hacker non, said. As a value storage asset, bitcoin has certain advantages and potential