Bitcoin exceeded $10000! Is the embodiment of the value or the last crazy?
Bitcoin prices exceeded $10 thousand! According to CoinMarketCap data, South Korea’s largest trading volume trading platform Bisemubite RMB $10176.4. In addition, bitcoin trading platform Coinone and Korbit, South Africa’s largest bitcoin trading platform Luno, Turkey and Indonesia Paribu trading platform bitcoin trading platform offer between 10061.60 to $12045.80. While most of the world’s bitcoin exchange rates in the 9500 to 9700 U.S. dollars range.
From the beginning of $1000 to the current $10 thousand, bitcoin cumulative gains this year has been close to 1000%.
The current price of bitcoin also makes the total market value of more than $156 billion, with the recent exchange rate estimates, the market value of 10296 yuan, more than the United States GE (GE), Boeing, Disney and company’s value.
Over the past two weeks, bitcoin soared 45%, and is in a bull market in stocks, the S & P 500 index rose 45%, spent nearly 4 years.
If bitcoin prices exceeded every node to a statistics, we can find the price exceeded $2000 mark, then reached a new high, the time spent in almost all reduced.
Continued tightening supervision
Bitcoin prices soared by the attention of regulators.
In September, ICO to clean up the chaos, the domestic regulatory requirements of the end trading platform of virtual currency and legal currency exchange business.
At the same time, overseas markets are also tightening supervision of bitcoin, according to Bloomberg, the European Central Bank has repeatedly warned the investment risks of digital money, vice president Vito Constancio said earlier, bitcoin is not money, but a “tulip”, alluding to the bitcoin bubble like Holland in seventeenth Century.
India’s central bank denies that it may become a digital currency, money laundering and terrorist financing channels. However, the Reserve Bank of India is studying whether the central bank to support global digital currency, whether it can be used as legal tender. At present, the use of digital currency in India is in violation of foreign exchange regulations.
Bearish faction: bitcoin like tulip mania
In fact, in addition to Tor Constancio, the capital investment of $28 billion Citadel founder and CEOKenGriffin also believes that bitcoin bubble economy like Holland in seventeenth Century.
KenGriffin Monday CNBC said he believes the block chain technology to support bitcoin effectively, it is expected that this technology will be applied in future some far-reaching. But now the bitcoin transactions may be speculative mania.
“There are a lot of factors bitcoin tulip mania, passion can be traced back to hundreds of years ago in Holland.”
“I am very worried about it, in addition to the (bitcoin) headlines rising, ‘I want to make sure you don’t miss the chance to earn some money, buy” bitcoin people do not really understand yourself in what. This is a hoax? No These bubbles often ended in tragedy. I’m afraid the bubble may be how to end.”
JP Morgan Dimon has been called a fraud, and that investors will eventually buy their own bitcoin price behavior. Although he is close to $5000 in September, bitcoin issued this warning, bitcoin prices have doubled.
BlackRock’s CEO Fink had also said that the value of bitcoin is real money laundering and crime, the future of bitcoin sooner or later blocked.
However, despite the bigwigs “persuasive” to promote bitcoin bubble, speculators do not seem to intend to stop.
See: bitcoin or at the end of 2018 to $40 thousand
Of course, there are some chiefs in positive bullish.
Feng Bao investment group before the macro hedge fund manager Novo Gallazzi said, bitcoin or before the end of 2018 the price quadrupled again, reaching $40 thousand. At the same time, its main rival ether prices may square from the current price of nearly $500 and up to three times.
According to the Reuters (Reuters) reported that in mid November, bitcoin prices plummeted more than 20% of the cases, nouvo Graz said their purchasing $15 million to $20 million in digital currency.
Morgan’s former chief strategist, co-founder of Fundstrat TomLee will bitcoin price target in mid 2018 from $6000 to $11 thousand and 500.
Because of Wall Street bitcoin interest rose, Standpoint company founder RonnieMoas also made similar changes to his bitcoin market forecast, he will bitcoin 2018 target price increased from $11000 to $14000.
Interestingly, the day before, have reported that the head of millet Lei may and Chinese largest bitcoin mining machine mining machine manufacturers in Beijing, the ant bit (Bitmain) there is a link between, is refers to the use of bitcoin mining business to increase their wealth.
November 27th, Lei Jun in the micro headline rumor said, never buy bitcoin, nor investment bitcoin mining machine manufacturers. “Fake! So far, I haven’t bought bitcoin, nor investment bitcoin mining machine manufacturers.” Lei Jun said.
In fact, a lot of correlation between Lei Jun millet with bitcoin. April 9, 2015, Lei Jun has said publicly, etc. bitcoin fell to 1000 yuan, spent one hundred million to buy bitcoin.
At present, millet France has to accept bitcoin payments, payment page display millet accept bitcoin by Bitpay for the completion of the conversion. In October this year, millet mobile also announced to join the super books (Hyperledger), to jointly develop and establish an open, cross industry, cross-border block chain technology for open standards, while the block chain is the underlying technology of bitcoin.
In addition to the well-known investor Lei Jun, Xue Manzi, Li Jiacheng also has been involved in virtual currency investment. It is understood that Li Jiacheng’s venture capital investment by Hong Kong Investment Company (HorizonsVentures) BitPay, the equivalent of virtual currency in the field of alipay”.
UCAN Jay Chou is also fond of the game platform Holdings bitcoin, the company CEO Peng Cheng believes that compared to the use of credit card transactions, the use of bitcoin transactions for “zero cost”, for they are more attractive. The relative bitcoin at zero cost and open environment, can attract the game to bitcoin as a trading channel.