Too crazy! Bitcoin broke the $32000 mark all the way! The increase has exceeded 13 million times

At the beginning of 2021, bitcoin has reached a new high! As of press release, the price of bitcoin is $32700. According to the data, bitcoin rose 72.99% in the past month and 11.09% in 24 hours. A senior figure in the digital currency industry said that after 20 days of brewing, bitcoin rose from 1.8 to 1.8 yuan, almost no correction, and steadily pulled up until it broke through the $30000 mark, which has a continuous boosting effect on the market sentiment. At present, there are three reasons behind the sharp rise of bitcoin: halving the market price, further increasing the demand for bitcoin due to the worsening global epidemic situation, and the continuous admission of institutions. Bitcoin’s price broke through the $32000 mark, with a 24-hour increase of 11.09%. According to public data, bitcoin is an open-source software designed and released according to Nakamoto’s ideas and constructs a P2P network on it. Peer to peer transmission means a decentralized payment system. Originally proposed by Nakamoto in 2008, it was officially born on January 3, 2009. Compared with fiat money, bitcoin is a kind of virtual digital currency, which is generated by a large number of computers around the world according to certain rules. In theory, anyone can make bitcoin by downloading and running software. But in fact, with the development of bitcoin, the competition of mining machinery equipment becomes more and more fierce. It is very difficult to mine bitcoin, and it needs to have very high computing power to exploit bitcoin. According to calculation, all bitcoin mines have been completed, totaling 21 million bitcoins. In 2010, a programmer in the United States exchanged 10000 bitcoins for $25 worth of pizza. So far, bitcoin has risen from $0.0025 to $32000, more than 13 million times. Industry insiders: pay attention to risk control. It is worth mentioning that with the growth of the number of bitcoin born, it is more difficult to mine and obtain bitcoin. The bitcoin mining reward will experience “production halving” every once in a while. The first time bitcoin production was halved on November 28, 2012, and the mining reward was reduced from 50 bitcoin to 25 bitcoin; the second production was halved from 25 bitcoin to 12.5 bitcoin on July 10, 2016; the third production was halved on May 12, 2020, and the mining reward was reduced from 12.5 bitcoin to 6.25 bitcoin. It is estimated that there will be more than 1200 days before the fourth half of the production. At that time, the mining reward will be reduced from 6.25 to 3.125. Is there an opportunity to invest in bitcoin? Industry insiders told reporters: at present, the factors driving the rise of bitcoin are still established, and the power of institutions will be much greater than that of retail investors, so there may be large fluctuations. Finally, I would like to remind investors to pay attention to risk control. Another senior figure in the digital currency industry told reporters: due to the imperfect price discovery mechanism of virtual currency and the poor development of the market, the price of virtual currency has gone up and down sharply. Using virtual currency for financing is easy to cause debt crisis of natural person. (source: CCTV finance and Economics)

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