Bitcoin is close to $35000: buy $100 a decade ago and now appreciate to 1.3 billion

Source: the original title of Securities Times: bitcoin approaches 35000 US dollars: buy 100 yuan, appreciate to 1.3 billion yuan in ten years, the price of bitcoin soars by more than 13%. An Zhongwen, a reporter of securities times, has just surpassed TSMC, and the market value of bitcoin surpassed that of Alibaba on January 3. The price of bitcoin rose by more than 13% again on January 3. By the time of press release, the price of bitcoin was close to 35000 US dollars, with a market value of 4 trillion yuan, which was enough to rank 7th among the global listed companies. The price of bitcoin rose by more than 13% again. Since bitcoin broke through $20000, the price of bitcoin has reached new highs, which has risen three times in 2020. In the first two trading days of 2021, bitcoin prices continued to soar, breaking through $30000 on the night of January 2. On January 3, the price rose by more than 13% again, and the price exceeded 34000 US dollars, approaching 35000 US dollars. The price of each bitcoin is about 220000 yuan. Now the market value of bitcoin has reached 4 trillion yuan (637.7 billion US dollars), which is an amazing number. In terms of global asset market value ranking, bitcoin first surpassed TSMC at 22:00 p.m. on January 2, 2021, and then surpassed Alibaba on the evening of January 3, 2021. Bitcoin’s market value can rank seventh among the global listed companies. If we lengthen the time line, the price of bitcoin has increased by more than 13 million times in 10 years, based on the US $0.0025 corresponding to the first price generated in 2010 after the birth of bitcoin in 2009, as of January 3, 2021. In other words, the original investment of 100 yuan has now risen to 1.3 billion yuan. On January 2, Hong shuning, a blockchain expert who once worked for the people’s Bank of China, said on his micro blog that the first stage of bitcoin’s current bull market started in February 2019, which was suppressed for a long time by the selling of plustoken. After it started again in early 2020, it was seriously affected by the epidemic situation and ended with a sharp drop of 312. This stage is characterized by twists and turns. The second stage starts from March 2020, rising and trading limits all the way, reaching a new high and breaking through 20000 US dollars by the end of the year. The mark of the third stage is that it takes less than one month to reach another level and break through 30000 US dollars, and bears lose their resistance completely. An analyst at the firecoin Research Institute said that recently, the US SEC has begun to strengthen its supervision and make a strong attack on the Swiss currency. The investors of Ruibo may transfer the problem assets to the high-quality assets, so bitcoin gets more demand, which is one of the reasons why the bitcoin price is still being pushed up. Thanks to bitcoin, U.S. stock prices soared 53 times a year, and the bitcoin bull market also led to a strong rally in related stocks. The stock price of bit digital (NASDAQ: BTBT) has risen 53 times in the past 12 months. Bit digital is a company listed on NASDAQ focusing on bitcoin mining, becoming one of the biggest winners in the U.S. stock market in 2020, corresponding to a 53 fold increase in share prices. During the same period, the S & P 500 and the NASDAQ rose only 15.5% and 43.4% in 2020. A few days ago, bit digital disclosed its financial report for the first three quarters of 2020. As of September 30, 2020, the company had operated 22869 mining machines, including 16964 new machines in the third quarter and 814.23 bitcoin output, including 739.51 new machines in the third quarter. The company generated $8.6 million in revenue in the first three quarters, of which $7.91 million was in the third quarter. Due to the continuous improvement of operating capacity and the apportionment of fixed expenses such as personnel management, the company realized a profit of $100000 in the third quarter without considering the terminated business. In addition, marathon patent group, an intellectual property and patent holding company listed in the US stock market, was involved in bitcoin mining business, which led to a continuous rise in the share price of the listed company recently, making its share price rise 10 times in the whole year. In order to further stimulate the stock price, marathon patent group announced on December 28, 2020 that it would purchase 70000 s-19 ant mining machines equipped with ASIC chips from Chinese mining machinery manufacturer bit mainland at a sky high price of 170 million US dollars. The company expects that the order will be delivered before the end of 2021, and the total number of mining machines will exceed 100000 by the end of 2021. However, bitcoin’s short-term rise is too large, with the help of follow-up funds, bitcoin may have a short-term correction. Some Wall Street analysts believe that bitcoin’s soaring trend may pause in early 2021. There’s also crazier talk – Scott minerd, chief investment officer at Wall Street giant Guggenheim partners, says his company’s fundamental analysis shows that each bitcoin should be worth $400000. According to minerd, the price target is based on the scarcity of the asset and its relative value relative to gold. Previously, it was reported that the $5 billion Guggenheim macro Opportunity Fund applied to the US SEC to invest in gray bitcoin trust or allocate $530 million in bitcoin.

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