In a word, related new industries have been formed around cryptocurrency, which has brought huge profits. But it will be here soon? The winter of cryptocurrency? . The price of digital assets such as bitcoin fell, and the whole industry also fell. The constant adjustment of this scale comes from the following aspects. First of all, due to market turmoil and a series of technical restrictions, Bitcoin cannot be widely circulated. For example, the bitcoin algorithm cannot exceed 7 transactions per second, which is insignificant for the massive use of cryptocurrency around the world. In addition, some countries began to supervise digital financial assets. As a global leader in cryptocurrency circulation and mining, China banned cryptocurrency exchanges and ICO. After that, the excavation work was also restricted. Therefore, the region must adapt to the new situation.
By 2020, Bitcoin and other cryptocurrencies will begin to expand wildly. For example, by March 2020, the price of Bitcoin was about $4,000, but now, before the year is over, the price has risen by 10 times. When bitcoin rose to $47,000, points
Bitcoin is the first and most popular decentralized cryptocurrency. At present, there are hundreds of cryptocurrencies in the world, some of which are growing geometrically. But the main focus is still bitcoin. First of all, it is the most expensive cryptocurrency. Second, more than 654.38 billion people around the world are bitcoin holders. 20 17 12 when cryptocurrency became popular, the price of bitcoin suddenly rose to $20,000. Everyone invested heavily not only to buy cryptocurrency, but also to mine bitcoin and build a huge? Mine? Installing mining equipment consumes almost as much electricity as a small city. Some entrepreneurs have invested hundreds of millions of dollars in mining. Mining equipment manufacturers are doing quite well. For example, the integrated circuit ant miner S9 miner specially quoted by Bitran Company costs $6,500. Analysts began to argue that the price of Bitcoin will rise to 100000 dollars this year, and some people even expect it to rise to 300,000 dollars. In fact, no one can predict what the future price will be like, but afterwards we can make an analysis of the reasons for the skyrocketing.
Of course, Bitcoin and other decentralized cryptocurrencies are extremely unstable and unpredictable assets. So investors are optimists, or professional investors who have no way. The exchange rate is unstable, and it is difficult for Bitcoin to become a means of payment and a storage tool, and cryptocurrency cannot enter a wide circulation. If the world economy is stable, there will be good investment tools to predict returns.