Position: Home page » Bitcoin » Is bitcoin related to exchange rate

Is bitcoin related to exchange rate

Publish: 2021-04-15 18:34:00
1.

First of all, bitcoin is a virtual currency. It is not issued by any bank or central bank. So I interpret the relationship between bitcoin and teras from a personal perspective
first of all, Tesla is an enterprise in the United States. Although business and technology have no national boundaries, businessmen have national boundaries and people have a sense of belonging. Therefore, as an American enterprise, teras certainly supports all policies issued by the US government that are beneficial to the US. Bitcoin, though not issued by the US, is of great benefit to the US. According to the relevant statistics, most bitcoin is now hosted by the bond companies under the name of the United States. If the United States embraces bitcoin first, it will have a lot of bitcoin reserves, a large number of bitcoin, encryption protocols and so on, which will become the same hegemony as the US dollar. Then this may bring a bigger windfall to the United States to maintain the monetary hegemony of the US dollar. Therefore, the United States, which has the most bitcoin, will give priority to bitcoin, which is for the benefit of the United States. Then teras, as an American company, will support bitcoin. Support us policies that are good for us

2. BTC / USD = 3873.7
in RMB, a bitcoin equals 26584.43 yuan
this is today's exchange rate
3.

The price of bitcoin is not fixed. The market is always fluctuating. However, you can see the latest bitcoin price here in the web link. You can know the exchange rate by converting the unit into RMB

4. Latest quotation: 1btc = 9900.99usdt = 70145.40 RMB
5. Now it may be down to more than 5000. Some time ago, it reached more than 7000
6. The exchange rate is determined by the market and changes every day.
7. Bitcoin is valuable because it is useful as a form of currency. Bitcoin has the mathematical characteristics of money (persistence, portability, interchangeability, scarcity, separability and identifiability) rather than relying on physical characteristics (such as gold and silver) or the trust of central authorities (such as fiat money). In short, bitcoin is backed by mathematics. With these characteristics, a form of money to have value requires trust and use. In contrast, this can be reflected in its growing base of users, businesses and start-ups. Like all currencies, the value of bitcoin comes directly from people who are willing to accept it as a means of payment, which is the only source In China, it is defined as a special Internet commodity by the central bank

the price of bitcoin is determined by supply and demand. When the demand for bitcoin increases, the price of bitcoin rises; As demand decreases, prices fall. At present, only a few bitcoins are in circulation, and new bitcoins are issued at a predictable rate of graal decline, which means that demand must follow this inflation level in order to maintain price stability. Compared with the market scale it may become, bitcoin is still a relatively small market at present. It does not need a lot of money to make the market price fluctuate up and down. Therefore, the price of bitcoin is still very unstable.
8. It doesn't matter. Bitcoin is a "virtual currency", while RMB is a real currency. They have completely different attributes. There is no internal relationship between them in terms of exchange rate.
Hot content
Inn digger Publish: 2021-05-29 20:04:36 Views: 341
Purchase of virtual currency in trust contract dispute Publish: 2021-05-29 20:04:33 Views: 942
Blockchain trust machine Publish: 2021-05-29 20:04:26 Views: 720
Brief introduction of ant mine Publish: 2021-05-29 20:04:25 Views: 848
Will digital currency open in November Publish: 2021-05-29 19:56:16 Views: 861
Global digital currency asset exchange Publish: 2021-05-29 19:54:29 Views: 603
Mining chip machine S11 Publish: 2021-05-29 19:54:26 Views: 945
Ethereum algorithm Sha3 Publish: 2021-05-29 19:52:40 Views: 643
Talking about blockchain is not reliable Publish: 2021-05-29 19:52:26 Views: 754
Mining machine node query Publish: 2021-05-29 19:36:37 Views: 750