There are signs that Bitcoin is being recognized by mainstream investors and companies, and everything from Tesla to Bank of New York Mellon has promoted the rise of Bitcoin. The data shows that the total market value of digital currency is about10.7 trillion US dollars. ? If you really believe that Bitcoin is a means of value storage, there is still a lot of room for growth. ? Wu Jiong, chairman of AVA Lab, said. AVA Lab is an open source platform that uses blockchain technology to create financial applications. ? Look at gold, its market value is 9 or 10 trillion dollars. Even if the market value of bitcoin reaches half of the market value of gold, it will rise to four times as much as it is now, which is $200,000. So I don't know when it will stop rising. ? He said.
What's so special about Bitcoin?
? Jacob Skaaning, portfolio manager of crypto hedge fund ARK36, said that the next milestone in the market value of Bitcoin will be to surpass Alphabet Inc, whose current market value is 1.43 1 trillion dollars. ? There may be some big fluctuations along the way, but I am still optimistic. I believe this upward trend will continue for the time being. ? He added. Nevertheless, many analysts and investors are still skeptical about this poorly regulated and highly unstable digital asset, because it is rarely used for business. What do bitcoin supporters think bitcoin is? Digital gold? It can hedge the inflation risk brought by the large-scale stimulus plan of the central bank and the government aimed at fighting coronavirus pneumonia-19. ?