The concept of Bitcoin was first put forward by Satoshi Nakamoto on June 5438+065438+ 10/day, 2008, and was officially born on June 5438+1 0/3, 2009. According to Satoshi Nakamoto's idea, open source software is designed and published, and a P2P network is built on this basis. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point-to-point transmission means a decentralized payment system.

Unlike all currencies, bitcoin is not issued by a specific monetary institution, but is generated by a large number of calculations according to a specific algorithm. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transaction behaviors, and uses cryptography design to ensure the security of all links in currency circulation.

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When the global financial market suffered a liquidity run in March, Bitcoin also experienced a 50% one-day plunge. But since then, Bitcoin has started to rebound strongly. At present, the price of bitcoin has doubled from the low point in March. Wind data shows that Bitcoin has outperformed many global assets since the beginning of the year, with a cumulative yield of over 36%.

Coin Rivet, a blockchain information analysis platform, pointed out that if the price of bitcoin can exceed 10450 USD, it may imply that the bull market is making a comeback. "The price of Bitcoin may hit a record high before the end of this year due to factors such as halving the superimposed reward and being more favored by institutional investors." The analysis also pointed out that the follow-up market of Bitcoin has a lot to do with the performance of US stocks.

Baidu Encyclopedia-Bitcoin

Xinhuanet-Will the bullish bitcoin bull market come back?