When will bitcoin go up to $1 million

1. The collapse of the existing economy is the day of bitcoin's rise
isn't this idea for fear that the world will not be in chaos? No, no, it's a cruel reality. If we look back at the birth of bitcoin, we will find that the root cause of bitcoin is that the US subprime mortgage crisis has spread to the whole world, resulting in the disorder of the world's economic system, and various countries have issued money printing policies, giving birth to bitcoin, such a "devil of the world". The inventor Nakamoto told economists all over the world, In fact, you can still play like this
bitcoin actually allows people to return to a credit controllable system, but it's too far ahead of time and leads to too big a step. Therefore, from the current point of view, bitcoin is more similar to gold and other safe haven assets. This kind of image is just a superficial likeness. Bitcoin has many scientific and technological advantages in its essence, but it can't play e to many restrictions for the time being. Therefore, if bitcoin wants to rise rapidly, it still depends on the "instability" of the economic system
this kind of thing has happened before. The Bank of Cyprus incident once pushed bitcoin soaring. Now, if there is another "second in Cyprus", I believe bitcoin will have a chance
is this a dream? No, the financial system at this stage has exposed various kinds of crisis. Russia's economy seems to be collapsing because of the fall of crude oil price, a lot of local debts in China can't be paid off, the government is playing hard to cut interest rates and reserve requirements, and the European debt crisis is getting worse and worse... Today's society is in the information age and the Internet age, If the spark can't be fixed, light the powder keg
the possibility of a rapid outbreak of economic crisis still exists, but no one can say for sure. Who knows whether the world will be transformed into a fast lane for a long time and will not be sick again? Marx said that economic crisis will appear periodically in capitalist society, but when will the next big outbreak take place
maybe in more than ten years, maybe in the next second, heaven or hell, there is no way to check.

2.

Since the birth of bitcoin, its price has risen from a few cents to a maximum of $20000. Although it has dropped a little, it has soared to $18000. This price surprised many people. Why is bitcoin such a virtual digital currency so valuable< the quantity of bitcoin is limited, so the price is relatively expensive. Because bitcoin can be anonymous, many people use bitcoin to hide property or trade. The speculation of bitcoin players leads to the high price of bitcoin Bitcoin is a decentralized virtual digital currency, and bitcoin is generated based on algorithm, so the total amount of bitcoin will not exceed 21 million, and with the increase of mining population, bitcoin will be less and less, so the price of bitcoin is more expensive than other virtual currencies{ RRRRR}

the reason why bitcoin is valuable is that it has replaced part of the currency function and some people have speculated. If you have any other opinions, please leave a message to discuss

3. The cold winter is over.
point to point transmission means a decentralized payment system. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation

4.

I think the price of bitcoin can rise to about $80000, because the sentiment in the market is still relatively strong. As long as the sentiment in the market will not be cooled in a short period of time, more people will invest in bitcoin in the society, so the change of the price of bitcoin will certainly be affected by the investor sentiment

at present, bitcoin has got the attention of the market, because the price of bitcoin has reached a historical high of C, and has reached about $61000, which has a great impact on other assets, because more funds have entered bitcoin, and less attention has been paid to the assets in its capital market, But I think it has got the attention of the whole society, and there will be a big drop

First, this round of rise is entirely driven by market sentiment< p> In fact, this time, it is because the market sentiment has a great advantage over the rise of the price of bitcoin, which is why such a big price rise will appear. if the market sentiment is not concive to the rise of the price of bitcoin, then there will certainly be a decline , now that it has been recognized by many people, And the mood has been constantly pushing, so in the future the market will also fall{ RRRRR}

since people in the whole society have begun to discuss bitcoin, I think there will be a relatively large decline in a short time, but I think the decline this time is also based on $80000< Strong> Buffett once said that if people in the whole society start to discuss an asset, then it is clear that this asset has already come to a bubble. will definitely shrink in price in the coming time. So I think Buffett's sentence is very good, which can explain the price of the assets of bitcoin. p>

5.

In view of the fact that bitcoin is the "alternative currency" of gold, bitcoin will have huge room to rise in the long run. JPMorgan and others said the outlook for bitcoin remained very optimistic in the long run. Bitcoin, the world's largest cryptocurrency, is known for its volatile price. If the bitcoin market wants to match the amount of private investment in the current gold market,

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the excessive expansion of the rising trend may lead to the flow of investment from bitcoin to Shanzhai coin. Every time bitcoin is reced by half in design, it is expected to add value, and what happens now is no different. And after the long cryptocurrency winter, the current price rise is consistent. At the current price level, no matter the price is high, the interest of institutions continues to grow, the growth of bitcoin and decentralized Finance (defi) and the growth of TVL. As the narrative about bitcoin price growth has supported one or more of these themes, it is likely to boost the price,

from the perspective of venture capital, Bitcoin has been comparable to gold in attracting private investment outside the central bank. The target price range of US $50000 to US $100000 given by the current market is actually the coexistence of profit and risk

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6.

finally, we get the following relationship between bitcoin price and number of users, which is the logical relationship. It is a kind of equation to describe the relationship between the number of species and time in biology, so the title of the paper is "bitcoin spreads like a virus"

the study also found that this relationship is not accidental, but there is a law behind it, which is Metcalfe's law

Metcalfe's law

in the 1980s, Robert Metcalfe, the inventor of Ethereum, proposed a method to evaluate the value of the Internet. He believes that the value of the network is directly proportional to the square of the network nodes (users). This is the so-called "network effect". The more users, the greater the value of the network

in a network with n users, the number of links between each user and other users is n (n-1) / 2. When n is large, n (n-1) / 2 is about n & # 178;. In this way, Metcalfe's law takes the following form: network value equals the constant c times the square of n

However, if n grows linearly with time, the network value will grow exponentially with time, and there is no boundary, which is obviously not in line with the reality. Therefore, in 2013, Metcalfe revised that n should be logistic growth, which is known as "s" growth

this rule is not only applicable to bitcoin, Peterson also studied the price change of Facebook over time, and found that the price of Facebook also applies to Metcalfe's law

7. Bitcoin broke through US $52000. After returning to above US $50000 overnight, the price of bitcoin continued to rise, reaching a peak of US $52600, up more than US $3000 from its intraday low. Last week, Tesla announced that it has invested $1.5 billion in bitcoin and will soon begin to accept payment for Tesla cars through bitcoin. Bitcoin continued to pull up in good condition, and there was no sign of the final note

after being endorsed by Tesla, bitcoin seems to be on the fast track of being accepted by institutions, and mainstream Payment institutions, large custody banks and asset management giants all begin to support digital currency. MasterCard and New York Mellon, one of the most historic banks in the United States, also jumped into the bitcoin market on February 10 and 11, respectively<

the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system.

8. 1. Monetary reform has no direct impact on national instry. However, in May 1936, the Nanjing national government was forced to conclude the "Sino US Silver agreement" with the United States, and the exchange rate between the French currency and the US dollar was fixed. One yuan of the French currency was equal to US $0.2975, making it a vassal of the British pound and the US dollar. The implementation of the legal currency policy unifies the monetary system, which is the progress of China's monetary system and plays a positive role in the development of social economy in the early stage< However, the national government strengthened the financial monopoly through the centralization of currency issuing power; In addition, the legal currency is the dishonoured paper currency with the legal compensation qualification, and the inflated issuance method is used to fill the fiscal deficit, which leads to hyperinflation and becomes the root cause of the collapse of the national economy. Indirectly affected the development of national instry< The monetary reform of the national government began on November 3, 1935. The Ministry of Finance promulgated the law on the implementation of the legal currency policy and the measures for the exchange of legal currency, which stipulated that the currency issued by the central, China and communications banks was legal currency, in order to change the chaotic situation that all banks were allowed to issue currency and unify the comprehensive monetary system. The currency reform was carried out with the help of Liz Ross, the British economic adviser
3. Significance of the times
this "currency reform" is not only a progress in the form of Chinese currency, but also a modernization of Chinese currency, which is in line with the trend of historical development, and promotes the formation of a unified domestic market. The implementation of the legal currency policy not only stabilized China's foreign exchange price, but also strengthened the national government's financial control over the whole country and strengthened its ruling power.

9. One million dollars, impossible

the price of the latest bitcoin is 13990 dollars