Bitcoin's market value is not as good as Amazon's

2.

The soaring price of bitcoin means that its market value has exceeded the GDP of some economies and the value of the world's richest billionaire

bitcoin has soared more than 10 times this year. According to coinmarketcap, the total market value of bitcoin in circulation has reached $190 billion

The soaring market value of bitcoin has even surpassed that of the world's two most influential banks. As of Friday, Goldman Sachs (248.95,1.31,0.53%) had a market value of $97 billion, while UBS (17.52,0.34,1.98%) in Zurich, Switzerland, had a market value of about $67 billion. The combined market value of these two banks is not as high as that of bitcoin

the two financial giants (1.74,0.02,1.16%) adopted non intervention policy. Lloyd Blankfein, CEO of Goldman Sachs, said it was too early to draft a bitcoin strategy, while UBS, the world's largest wealth management firm, said it would not deploy bitcoin in its portfolio because of concerns about the threat of a government ban

the market value of bitcoin also exceeds that of Boeing (271.38, - 5.42, - 1.96%). Boeing is the world's largest aircraft manufacturer with a history of more than 100 years and employs 140000 people in 65 countries. Boeing may be able to build large airplanes, but its market value is $162 billion, lower than that of a digital currency that didn't exist a decade ago. Boeing's rival, Airbus, has a market value of only 66 billion euros (78 billion dollars)

3. It is MLM + illegal fund-raising, illegal and criminal, you can refer to V treasure money, Ponzi fraud and other information. According to his introction, each Mint is 800 yuan, and 5.2 yuan can be withdrawn every day. The maximum yield is 200 days before 1040 yuan (including 800 yuan of principal and 240 yuan of profit) can be obtained. There are still five days of profit to pay the handling charge. It's going to take a hundred more. 800 yuan takes 800 / 5.2 + 5 days, about 160 days. That's more than five months. If he can pull one line in these months, he will be able to maintain his expenses, and multiple lines will be a big profit. The person at the top of the pyramid can make huge profits. Only he knows when the capital chain will break. All the money paid for the mint is equivalent to the membership fee of MLM. There is a leader award for pulling the head. The relationship between the upper and lower line is very obvious. One day, if he thinks that he can achieve a certain goal, he will escape, or change his name to continue to develop. Or the capital chain breaks and runs away. Just because 800 yuan membership fee is not much for many people, many people start to invest in the trial, there is really a dividend, so they believe it. In addition to his brainwashing propaganda, the concept of stealing pleasure is compared to bitcoin and other virtual currencies, which makes people feel very complicated and mysterious. They can't figure out the essence. In fact, apart from the name of bitcoin, it doesn't have any characteristics of bitcoin. Please don't believe that if you go in, don't continue to advertise for him, because what you do is fraud, is illegal and criminal, and will harm your relatives and friends to do it with you. Please remember there's no pie in the sky.

4. All currencies in the world are linked to the US dollar. As the only reserve currency in the world, the US dollar is also the only weathervane and reference. Its function is the same as that of Newton (not the name of a person) in mechanics, as the unit of valuation. For example, how many Newtons of force do you have when you hit it. So. As the only unit of valuation, US dollar is a standard to quantify the value of all commodities. The US dollar is an absolute international reserve and has the pricing power over world goods, such as oil, international assets and gold, which are priced in US dollars. With the pricing power of the world, in a sense, commodities priced in US dollars can be regarded as assets of the United States (including undeveloped oil, gold, etc.). Without a dollar unit of account, it is impossible to quantify the value of all goods
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.