Bitcoin market value surpasses
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
If you really don't know about bitcoin, you will know that the earliest holder of bitcoin has made money. Do you think that bitcoin is rising and he has to sell when he makes money? Will he keep holding it? Are ordinary people, in the face of such a big temptation, can not hold on
later, people were cut like leeks, wave after wave. At least among the people I know and the stories I heard, no one made money because of bitcoin
summary:
what is bitcoin? I don't know. It's like virtual currency. It can't be used for payment or transfer. There's also a so-called dark net
the rise and fall is just like gambling. At the beginning, gold and silver were bought in the same way. Gambling is risky and investment should be cautious. people want to eat all the time when they get the sweets. Do you know what is to stop when it's good? Don't be greedy, you are just a leek in the eyes of bitcoin, not a bundle, understand
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}
therefore, at present, the currencies of the world will not and cannot be decoupled from the US dollar< At present, the central government adopts a fixed interest rate of 6. 82—6 83 is relatively fixed, which is a necessary and helpless move for a country to take against its financial closure. Its advantages are: it can resist the impact of the global financial crisis on its currency, and the RMB will not rise or fall sharply. During the 1997 financial crisis, Asian powers or regions were basically occupied (Hong Kong, Singapore, Thailand, Japan, South Korea, etc.), and they all adopted floating interest rates. China's ability to avoid the impact of the financial storm is not because of its perfect financial system. On the contrary, the reason why China can avoid shocks is that the domestic financial system is fragile, so the central government adopts fixed interest rates and foreign exchange control measures to prevent its currency from being greatly impacted by overseas markets. China maintains this exchange rate in order to maintain its export competitive advantage. This exchange rate should be appropriate and appropriate. At the same time, in order to maintain the stability of the exchange rate, China needs huge foreign exchange reserves to prevent its currency from being impacted, in order to keep the exchange rate at 6. 82——6 The Chinese government needs to use a large number of funds at any time. For example, when the international hot money shortens the RMB currency, the RMB will depreciate. For example, the international hot money has increased the liquidity of RMB 200-300 billion in the market. Accordingly, the RMB will depreciate. However, in order to keep the exchange rate constant, the central government needs to recover the fund in the market at the same time and pay the corresponding US dollars to maintain the exchange rate stability. That is to say, the central government will pay US dollars according to the amount of RMB you sell
in this way, the Chinese government needs to pay a great price in maintaining the stability of its currency exchange rate.
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
the main reason is that central banks have been printing money crazily in recent years, resulting in a large amount of devaluation of cash and more hot money in the market. As a result, part of the money has poured into the bitcoin market, resulting in the phenomenon of inflated prices ring this period, bitcoin hit a new high again, breaking through the $16000 mark, with the highest intraday price of $16427. At the same time, the total market value of bitcoin has exceeded 300 billion US dollars. If ranked by the way of assets, its market value has exceeded the total market value of instrial and Commercial Bank of China. This is also the first time that bitcoin has rebounded since the downturn, and the highest price has broken through again
The characteristic of institutions is that because they need to pay capital gains tax, many large institutions will hold bitcoin for a long time after they enter the bitcoin market. Unless there is a big fluctuation, they will not sell in the short term. With the influx of more and more institutions, the price of bitcoin will naturally rise steadily and it can be predicted that this wave of rise will continue for some time
Are you crazy? Brother, bitcoin has tripled in the past two years. You are still chasing the high position. Do you think it can double or what? I admit that the overall market trend is good at the beginning of the year of the ox, but this kind of thing can't just look at the trend of the new year, in particular, bitcoin now belongs to the state of ultra-high valuation, even if it goes up again, you don't know that it will fall sharply any day, what's the difference between chasing the high and taking over. I dare not catch up with the sharp rise of Maotai at the end of the year, not to mention bitcoin. Brother, stability is the first priority. If you get rich overnight, you will go bankrupt overnight
of course, I don't deny that in the future, when VR and other technologies are fully implemented, virtual currency may have the opportunity to become the mainstream, but that era is still a little far away in my opinion. You'd better live in the present, and I suggest not to catch up with the high