How many times the production reduction of bitcoin in previous y
Since the advent of bitcoin, it has been favored by many investors, and its price has soared from less than one dollar to tens of thousands of dollars. The price of bitcoin has quadrupled this year with the epidemic and the US election, and many investors have made a lot of money< I personally think that the price of bitcoin has increased so fast because of the US election. Many funds want to avoid risks, so I chose bitcoin. Bitcoin prices have been rising and falling, and doubling bitcoin prices is a normal phenomenon. The speculation of bitcoin is obvious, so we should be cautious
1. The soaring price of bitcoin is related to the U.S. election. Many funds choose bitcoin for investment in order to avoid risks< p> The price of bitcoin has been fluctuating since it fell as high as US $20000. This year, with the development of the epidemic, bitcoin has ushered in a wave of growth, but the growth is not fast. Because of the stalemate in the US election, people's mood is relatively high. In order to avoid risks, a lot of funds choose bitcoin, so bitcoin has a big rise. The soaring price of bitcoin has a lot to do with the insecurity of the external environment. Once the external environment is stable, the price of bitcoin will fall{ RRRRR}if you have any other opinions on the price of special currency, please leave a message for discussion
secondly, the current market sentiment is bullish, the rising trend is relatively good, and it is difficult to fall
thirdly, the good situation of national new infrastructure is difficult to fall
About 400 percent
when bitcoin first appeared in 2009, one dollar could buy almost 1300 bitcoins. Before April 2011, the price of each bitcoin was always below $1. In June 2011, the highest price of bitcoin rose to $30. Then, the price almost fell within a week. In 2012, the price of bitcoin once fell below $2
further dropped to $114 on January 14, 2015. Since then, bitcoin has begun to rise again. In 2017, after the bitcoin ETF fund was rejected by the US Securities Regulatory Commission, bitcoin plummeted by $315 to below $1000. After that, it rose again. In the first four months of this year, the price of bitcoin and an ounce of gold were almost equal
However, with the strong rise of bitcoin in this round, the price of bitcoin has exceeded the price of an ounce of gold. On April 26, the price of bitcoin was $1282.97, compared with $1264 for an ounce of gold. Bitcoin has surpassed gold in price 
extended data
in 2016, there were dozens of bitcoin exchanges in the world, and the trading volume of bitcoin in most countries and regions increased sharply. Among the countries and regions with the highest growth rate, the trading volume of bitcoin in Japan is second only to China, ranking second in the world; The local bitcoin trading volume in Venezuela increased by more than 913%
South Korea has become the sixth largest bitcoin trading market in the world, Korean people can buy bitcoin from a large number of convenience stores, and korbit's trading volume currently accounts for 70% of the South Korean market; Local bitcoin transactions in Colombia increased by about 370%; Bitcoin markets in Malaysia, Russia and Australia are also developing rapidly. Bitcoin trading in China once accounted for more than 80% of the global trading volume
I think bitcoin has a bright future for the following reasons
first, bitcoin is the big brother of virtual currency. Then the development prospect of bitcoin is limitless. Now virtual currency can be traded like stock in foreign countries. There are three virtual currency exchanges, such as fire coin global exchange, coin security exchange and OK exchange. The emergence of these exchanges provides security for the activity and trading of virtual currency. As bitcoin is recognized by more and more countries, I think the development prospect of bitcoin will be better and better
to sum up: the future development prospect of bitcoin is very good