Earlier, the former central bank governor also said that no matter what cryptocurrency is, it must be ensured that it serves the real economy and is valuable in order to make it run smoothly. In fact, in recent years, although bitcoin has developed rapidly and its price has hit record highs, countries have different attitudes towards it. China is conservative, while some western countries are open. Recently, the first cryptocurrency exchange was successfully listed in the US stock market, indicating that the United States still recognizes this cryptocurrency.
However, the voice of worry is endless. Many people think that the price of bitcoin or other currencies is too high now, and investors are basically inexperienced retail investors. They are easily influenced by mood swings. Once there is negative news, there may be a lot of selling.
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Bitcoin wants to build a digital currency and online payment system different from the traditional financial system. Completely decentralized, without supervision, it is difficult to get mainstream recognition under the supervision of various countries.
The digital currency of the Bank of China, led by the central bank, is an effective supplement to legal tender and directly supervised by the government. It mainly focuses on domestic retail payment scenarios, and seeks a more convenient, efficient and lower-cost monetary payment system for a populous country like China. Libra, led by Facebook and managed by Libra Association, pays more attention to cross-border payment between different countries. Similarly, due to factors such as exchange rate and monetary sovereignty protection, it is difficult to get mainstream recognition.