Bitcoin and the global economy
Publish: 2021-04-15 01:53:54
1. On November 1, 2008, a self styled Satoshi Nakamoto posted a research report on a secret cryptography discussion group. The report expounded his new idea of electronic currency bitcoin came out
on January 3, 2009, Nakamoto g up the first batch of 50 bitcoins on a small server in Helsinki, Finland
on May 21, 2010, the first bitcoin transaction: Laszlo hanyecz, a Florida programmer, bought a $25 pizza coupon with 10000 BTC
on July 16, 2010, the price of BTC rose by US $0.08 from US $0.008. The first sharp price fluctuation shows the rise of new things
on July 17, 2010, the first bitcoin platform was established
on November 6, 2010, the price on mtgox reached $0.5, and the bitcoin economy reached $1 million
on December 7, 2010, the first portable device to portable device transaction was realized on Nokia 900, with a transaction volume of 0.42btc
on February 9, 2011, the price reached US $1 for the first time, which is equivalent to US $1. The news that BTC is equivalent to us dollar has been widely reported by the media, which has aroused people's great attention, and the number of new users has increased greatly. In the next two months, bitcoin and pound sterling, Brazilian currency, Polish currency exchange trading platform has opened
on March 18, 2011, the BTC / USD exchange rate hit a seven week low, falling to US $0.7
on August 20, 2011, the first bitcoin conference and World Expo were held in New York. Among Google trend counties, bitcoin's attention reached a new high, with a price of $11 at that time
on November 14, 2011, the price of bitcoin hit a new half year low of $1.99
on September 15, 2012, the bitcoin conference was held in London. At this time, the price of bitcoin was $11.8
on September 27, 2012, bitcoin fund was founded, and the price of bitcoin was $12.46
on November 25, 2012, the first bitcoin conference in Europe was held in Prague, Czech Republic. At this time, the price of bitcoin was $12.6
on February 19, 2013, bitcoin client v8.0 was released. At this time, the price of bitcoin was $28.66
on April 10, 2013, BTC set a record high price of $110
on May 9, 2013, BTC Chinese, the largest bitcoin reporting website www.sosobtc.com The company obtained the investment fund Union Square's US $5 million round a investment, and the price of bitcoin was US $112.09 at this time< On May 28, 2013, the Department of Homeland Security banned the virtual currency service of Liberty Reserve, a Costa Rican exchange company, for its suspected xiqian and unlicensed fund transfer business, U.S. prosecutors said that this will become the largest international xiqian lawsuit in history, with the scale of absorbing money reaching 6 billion US dollars. A large number of users, including China, will lose all their money. At this time, the price of bitcoin is 128 US dollars
in June 2013, Netcom said that the United States will withdraw from qe3, deflationary bitcoin and quantitative easing monetary policy, which are the relationship between the two
on June 27, 2013, the German Conference made a decision: holding bitcoin for more than one year will be tax-free, which is considered by the instry to recognize the legal status of bitcoin. At this time, the price of bitcoin is $102.24
on June 28, 2013, mtgox obtained the monetary service license issued by the financial crime enforcement network office of the U.S. Department of the Treasury. Transaction standardization may mean that bitcoin is on the right track, government risk is reced, and its pace of integration into the display economy will be accelerated. At the same time, it will play an exemplary role in other virtual currencies. At this time, the price of bitcoin is $97.99
on November 28, 2013, the bitcoin trading price of Mt. GOx, a popular bitcoin exchange, broke through $1000, reaching a record high of $1073
on November 29, 2013, the trading price of bitcoin on Mt. GOx, a popular exchange, hit a record high of US $1242, while the price of gold was US $1241.98 an ounce, surpassing that of gold for the first time.
on January 3, 2009, Nakamoto g up the first batch of 50 bitcoins on a small server in Helsinki, Finland
on May 21, 2010, the first bitcoin transaction: Laszlo hanyecz, a Florida programmer, bought a $25 pizza coupon with 10000 BTC
on July 16, 2010, the price of BTC rose by US $0.08 from US $0.008. The first sharp price fluctuation shows the rise of new things
on July 17, 2010, the first bitcoin platform was established
on November 6, 2010, the price on mtgox reached $0.5, and the bitcoin economy reached $1 million
on December 7, 2010, the first portable device to portable device transaction was realized on Nokia 900, with a transaction volume of 0.42btc
on February 9, 2011, the price reached US $1 for the first time, which is equivalent to US $1. The news that BTC is equivalent to us dollar has been widely reported by the media, which has aroused people's great attention, and the number of new users has increased greatly. In the next two months, bitcoin and pound sterling, Brazilian currency, Polish currency exchange trading platform has opened
on March 18, 2011, the BTC / USD exchange rate hit a seven week low, falling to US $0.7
on August 20, 2011, the first bitcoin conference and World Expo were held in New York. Among Google trend counties, bitcoin's attention reached a new high, with a price of $11 at that time
on November 14, 2011, the price of bitcoin hit a new half year low of $1.99
on September 15, 2012, the bitcoin conference was held in London. At this time, the price of bitcoin was $11.8
on September 27, 2012, bitcoin fund was founded, and the price of bitcoin was $12.46
on November 25, 2012, the first bitcoin conference in Europe was held in Prague, Czech Republic. At this time, the price of bitcoin was $12.6
on February 19, 2013, bitcoin client v8.0 was released. At this time, the price of bitcoin was $28.66
on April 10, 2013, BTC set a record high price of $110
on May 9, 2013, BTC Chinese, the largest bitcoin reporting website www.sosobtc.com The company obtained the investment fund Union Square's US $5 million round a investment, and the price of bitcoin was US $112.09 at this time< On May 28, 2013, the Department of Homeland Security banned the virtual currency service of Liberty Reserve, a Costa Rican exchange company, for its suspected xiqian and unlicensed fund transfer business, U.S. prosecutors said that this will become the largest international xiqian lawsuit in history, with the scale of absorbing money reaching 6 billion US dollars. A large number of users, including China, will lose all their money. At this time, the price of bitcoin is 128 US dollars
in June 2013, Netcom said that the United States will withdraw from qe3, deflationary bitcoin and quantitative easing monetary policy, which are the relationship between the two
on June 27, 2013, the German Conference made a decision: holding bitcoin for more than one year will be tax-free, which is considered by the instry to recognize the legal status of bitcoin. At this time, the price of bitcoin is $102.24
on June 28, 2013, mtgox obtained the monetary service license issued by the financial crime enforcement network office of the U.S. Department of the Treasury. Transaction standardization may mean that bitcoin is on the right track, government risk is reced, and its pace of integration into the display economy will be accelerated. At the same time, it will play an exemplary role in other virtual currencies. At this time, the price of bitcoin is $97.99
on November 28, 2013, the bitcoin trading price of Mt. GOx, a popular bitcoin exchange, broke through $1000, reaching a record high of $1073
on November 29, 2013, the trading price of bitcoin on Mt. GOx, a popular exchange, hit a record high of US $1242, while the price of gold was US $1241.98 an ounce, surpassing that of gold for the first time.
2. With the existence of Internet and blockchain, bitcoin will exist. It has existed for a long time, and people graally recognize and widely apply it to payment. Then, it can play a positive balancing role in world finance.
3. Bitcoin is the so-called "cryptocurrency", which is a digital asset in the form of data. Your money in the bank may also be a bunch of numbers, but these numbers are equivalent to real money. Bitcoin is not. In the world of bitcoin, there is neither a central bank to manage nor an inherent legal framework. Because of this, the value of bitcoin is entirely determined by the market, which is currently very hot
bitcoin is stored in a digital wallet. You can store it on your local hard disk or mobile phone, or in a variety of online bitcoin exchanges. Keeping bitcoin locally is like hiding money under a mattress. If something goes wrong with your digital wallet, your money will be gone
to remit or collect money, you need to point your bitcoin client or network exchange to a bitcoin address, which is the address of every wallet. After a few minutes, bitcoin will generally leave your wallet and enter the other person's wallet. There are few sites that accept bitcoin, but there are a few. It's more difficult to use bitcoin in real life, but it can be achieved through some systems
what is the impact of bitcoin on the economy
despite all kinds of problems, the soaring price of bitcoin is partly e to more and more people using it. Bitcoin fans believe in its future. Ordinary people are also graally interested in cryptocurrency, but because it is too complex, it is difficult to popularize in the mass market. If it is really popular, the fluctuation of bitcoin's value will lead to greater turbulence in the global economy
if you bought $1000 bitcoin in 2010, it's worth about $35 million now. But if you buy $1000 bitcoin in early 2014, you'll only have a quarter of your purchasing power a year later. How would you feel if you paid with bitcoin and found that you could only buy half of what you had a few days ago
this kind of inflation is unstable, but if it is used in parallel with the government supported currency, bitcoin does have some advantages. Few people will exchange all their assets for bitcoin.
bitcoin is stored in a digital wallet. You can store it on your local hard disk or mobile phone, or in a variety of online bitcoin exchanges. Keeping bitcoin locally is like hiding money under a mattress. If something goes wrong with your digital wallet, your money will be gone
to remit or collect money, you need to point your bitcoin client or network exchange to a bitcoin address, which is the address of every wallet. After a few minutes, bitcoin will generally leave your wallet and enter the other person's wallet. There are few sites that accept bitcoin, but there are a few. It's more difficult to use bitcoin in real life, but it can be achieved through some systems
what is the impact of bitcoin on the economy
despite all kinds of problems, the soaring price of bitcoin is partly e to more and more people using it. Bitcoin fans believe in its future. Ordinary people are also graally interested in cryptocurrency, but because it is too complex, it is difficult to popularize in the mass market. If it is really popular, the fluctuation of bitcoin's value will lead to greater turbulence in the global economy
if you bought $1000 bitcoin in 2010, it's worth about $35 million now. But if you buy $1000 bitcoin in early 2014, you'll only have a quarter of your purchasing power a year later. How would you feel if you paid with bitcoin and found that you could only buy half of what you had a few days ago
this kind of inflation is unstable, but if it is used in parallel with the government supported currency, bitcoin does have some advantages. Few people will exchange all their assets for bitcoin.
4. The biggest obstacle is that we all hold bitcoin. Like RMB, we all have the ability to trade. I don't have you. That's impossible. But now with okex, the trading between bitcoin becomes simple. I believe more and more people will try to have it. It's just a matter of time.
5. When the federal funds rate really rises, the general consensus is that the price of gold will face heavy downward pressure, because the planned cost of holding gold will rise. Europe and North America only account for 17% of the total global demand for gold. The market speculation about when the United States may choose to raise interest rates has been fierce: "however, they are both investment procts, The current real interest rate level in the United States is still very low. Bitcoin and gold are the same, and only 60% of them are related to investment
same
the association added: "other factors that affect the price of gold."
the world gold association said. There is an indirect positive relationship between these markets and interest rates, that is, the periodic rise of interest rates is usually accompanied by the increase of economic growth and consumer spending
the world gold association said. As of December 31, the real yields on three-month and one-year treasury bonds were - 0.73% and - 0.05%, respectively. Since 2008, the Federal Reserve has kept the federal funds rate close to zero
although the Fed was initially expected to raise interest rates for the first time in a decade in June this year, a series of mixed economic data, low inflation rate and dovish comments on the US economic growth rate issued by Fed chairman Yellen delayed the schele of raising interest rates, including some factors positively related to economic growth, It emphasizes that gold is an important diversified asset and a portfolio asset for risk management. "
in terms of investment demand, gold will continue to be a diversified asset
the World Gold Council said: "even when the nominal interest rate rises to 4%, gold has been quite effective in diversifying the investment portfolio and recing the risk of real interest rate, and it is not very sensitive to the change of interest rate in the United States. This helps to increase the demand for gold, as some investors will use gold to supplement bonds when managing equity risks and diversifying their portfolios. The impact of the US dollar interest rate increase on gold is the same as that of bitcoin, and the US Federal Reserve interest rate increase may not have the adverse effect on gold price as many people think
the relationship between gold prices and interest rates is more complex than it appears and more fragile than in the past, the World Gold Council said in a report on Thursday. In addition, demand for jewelry and technology is largely Pro cyclical, prompting investors to turn to profitable assets
according to the World Gold Council, the percentage is 0.6%
according to the association, the following is the impact of US dollar interest rate increase on gold. The view that US interest rate increase affects gold price is not as strong as before, because this situation is largely based on the market's analysis of gold price and interest rate performance from 1970s to 1980s. At that time, the economy was very different from what it is now< According to the World Gold Council, the gold market is also different:
the World Gold Council (WGC) claims that "the interest rate increase will not improve the prospects of fixed income assets. The demand for jewelry and technology accounts for nearly 60% of the annual demand for physical gold and is far below the threshold level. Over the past decade, demand for gold in developed markets has fallen from more than 60% in the 1970s to less than 30%. Emerging market demand for gold accounts for 70% a year, as stocks and bonds are likely to provide below average returns over the next few years. "
in the past 12 months. This role is becoming increasingly important. At the current yield level, the rising space of bonds may be limited, so it is not as effective as gold in easing equity risk
same
the association added: "other factors that affect the price of gold."
the world gold association said. There is an indirect positive relationship between these markets and interest rates, that is, the periodic rise of interest rates is usually accompanied by the increase of economic growth and consumer spending
the world gold association said. As of December 31, the real yields on three-month and one-year treasury bonds were - 0.73% and - 0.05%, respectively. Since 2008, the Federal Reserve has kept the federal funds rate close to zero
although the Fed was initially expected to raise interest rates for the first time in a decade in June this year, a series of mixed economic data, low inflation rate and dovish comments on the US economic growth rate issued by Fed chairman Yellen delayed the schele of raising interest rates, including some factors positively related to economic growth, It emphasizes that gold is an important diversified asset and a portfolio asset for risk management. "
in terms of investment demand, gold will continue to be a diversified asset
the World Gold Council said: "even when the nominal interest rate rises to 4%, gold has been quite effective in diversifying the investment portfolio and recing the risk of real interest rate, and it is not very sensitive to the change of interest rate in the United States. This helps to increase the demand for gold, as some investors will use gold to supplement bonds when managing equity risks and diversifying their portfolios. The impact of the US dollar interest rate increase on gold is the same as that of bitcoin, and the US Federal Reserve interest rate increase may not have the adverse effect on gold price as many people think
the relationship between gold prices and interest rates is more complex than it appears and more fragile than in the past, the World Gold Council said in a report on Thursday. In addition, demand for jewelry and technology is largely Pro cyclical, prompting investors to turn to profitable assets
according to the World Gold Council, the percentage is 0.6%
according to the association, the following is the impact of US dollar interest rate increase on gold. The view that US interest rate increase affects gold price is not as strong as before, because this situation is largely based on the market's analysis of gold price and interest rate performance from 1970s to 1980s. At that time, the economy was very different from what it is now< According to the World Gold Council, the gold market is also different:
the World Gold Council (WGC) claims that "the interest rate increase will not improve the prospects of fixed income assets. The demand for jewelry and technology accounts for nearly 60% of the annual demand for physical gold and is far below the threshold level. Over the past decade, demand for gold in developed markets has fallen from more than 60% in the 1970s to less than 30%. Emerging market demand for gold accounts for 70% a year, as stocks and bonds are likely to provide below average returns over the next few years. "
in the past 12 months. This role is becoming increasingly important. At the current yield level, the rising space of bonds may be limited, so it is not as effective as gold in easing equity risk
6. No one will admit that a currency supported by a country does not necessarily make it recognized by the global market. As a common currency, the US dollar's competitors in the world still have euro, pound, RMB, yen and other complex economic systems, while bitcoin has no guarantee behind it. It is widely recognized that gold reserves, technical content, economic aggregate, military strength, national reputation and so on are the direct factors to measure whether a currency will be accepted by the world. If there is a war, who will use your virtual currency to trade arms, grain and technology. Therefore, bitcoin, as a global unified virtual currency, is only used at the virtual level, legalized or licensed, just like the current q-coin. However, to really apply it to real life, more people and more money must be invested in order to initially establish small-scale goods trading. Large scale, such as oil, instry, machinery, shipbuilding, aerospace, weapons, Large Hadron Collider, particle accelerator, Tokamak device, and even the basic necessities of people all over the world, you will find how ridiculous it is to use virtual currency. Even if it is possible, it will take time to accumulate. Only when people invest hundreds of years of money into bitcoin, which is more than the wealth in the hands of today's global people, can it be stabilized. The gains outweigh the losses, which is more difficult than global unification. Even if the as like as two peas in the world, the same currency will exist, and the existence of the same currency will be the same as that of online banking.
7.
Under the global macroeconomic environment, has bitcoin ushered in the spring? I believe you are not very familiar with bitcoin. I don't know much about how bitcoin works. That's why I don't understand. Let's give you a specific explanation, so that you can understand the future of bitcoin. The following contents can be referred to by friends:
3. Under the impact of the global economy, the speculation space of bitcoin is shrinking step by step:
when the global economic development is relatively good, bitcoin has some room for operation. In fact, it is precisely because of this operation space that bitcoin has been constantly appreciating in recent years. But now the situation has changed, bitcoin is likely to further rece the operating space.8. Different types of assets and exchanges are affected to different degrees. At this time, investors must choose high-quality assets with investment value
9. No, you overestimate the role of bitcoin. Bitcoin is just a small-scale social experiment. At present, the major countries in the world have maintained a cautious attitude towards the bitcoin, and they do not encourage, support or oppose it. Bitcoin's influence in the global economy is limited, almost negligible, and its market value is even smaller. But it provides an alternative way of payment for the world
bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system.
bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system.
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