Original title: 1,000 yuan madly earn 11.8 billion! The world’s best investment products have been screened and hit a record high, with a total market value of 1,000 billion higher than Moutai!
Summary
[1000 yuan madly earned 11.8 billion! The total market value of the world’s best investment products is 1,000 billion higher than Moutai! ]On the last day of 2020, the currency circle is boiling again! Bitcoin hit a record high today, and this capital feast continues. On December 31, Bitcoin broke through the $29,000 mark. If calculated according to today’s intraday high of 29,700, the Bitcoin purchased for 1 yuan 10 years ago has now earned more than 11.8 million yuan. If you invest 1,000 yuan, you will make 11.8 billion! (China Fund News)
On the last day of 2020, the currency circle is boiling again!
Bitcoin hit a record high today, and this capital feast continues.
On December 31, Bitcoin broke through the $29,000 mark. If calculated according to today’s intraday high of 29,700, the Bitcoin purchased for 1 yuan 10 years ago has now earned more than 11.8 million yuan.in caseinvestment1,000 yuan, it is crazy to make 11.8 billion!
Bitcoin has risen wildly this year, with a cumulative increase of more than 300% since the beginning of this year. Not only did it stand above the US$20,000 mark for the first time in history, but it also continued to rise, and it may head toward US$30,000 in the future.
BitcoinMarket valueClose toKweichow Moutai+Wuliangye
On December 31, Bitcoin once again set a new record high, breaking through $29,000 per coin for the first time, and rising by more than $2,000 in 24 hours.
Although it fell slightly afterwards, it was still supported in the shock range. From the daily level, two consecutive positives have ushered in, creating new highs one after another or the upward trend continues.
Bitcoin has risen wildly this year, with a cumulative increase of over 300% during the year. Not only did it stand above the $20,000 mark for the first time in history, but it also continued to rise. It has now exceeded $29,000 and moved towards $30,000.
BitcoinpriceBerkshire Hathaway broke through $29,000 this morning, with a market value of more than $540 billion and a market value that surpassed Buffett’s “stock god”.As of now, the market value of Bitcoin is $534.8 billion (more than 3.5 trillionRMB), the highest value than the A stock marketKweichow Moutai(2.47 trillion) is still more than 100 billion.
Bitcoin liquidated 1.3 billion yuan in 24 hours
According to data from Bitcoin Home, the number of the entire network in the past 24 hourscurrencyThere are 30,550 people with 268 million U.S. dollars (about 1.744 billion yuan) in capital burst. Among them, Bitcoin liquidation funds were 204 million US dollars (about 1.327 billion yuan).BTC funds in the past 10 hoursNet inflowMore than 162 million US dollars.
according toOuke Cloud ChainData on the OKLink chain shows that the number of active addresses on the Bitcoin 24h chain exceeded 1.2091 million, an increase of 6.74% from the previous month; the transaction volume on the chain was nearly 719,700 BTC, an increase of 2.66% from the previous month.
According to The Block, the adjusted on-chain transaction volume of the Bitcoin network has exceeded US$170.57 billion in December. In terms of monthly transaction volume, it is second only to December 2017 (US$207.86 billion), an increase of 25.7 compared to November. %. Second only to December 2017.
Relevant people said that the main driving force of Bitcoin’s rally is the increase in institutional demand.bankThe favorable financial environment brought by the injection of liquidity and the fall of the dollar.
Hong Kong stocksBlockchainActive sector
CryptocurrencyMarket rise
Affected by the news, the blockchain sector of Hong Kong stocks also rose correspondingly today, boiling for a while.
As of press time,Huobi TechnologyIt was reported at 6.3 Hong Kong dollars, up 5.88%, and it rose by 9.41% during intraday trading. The latest total market value was 1.93 billion Hong Kong dollars.
In addition,Ouke Cloud ChainIt has now risen by more than 8%, and the latest total market value is HK$1.34 billion.Xiong’an TechnologyRose more than 3%,KingsoftUp 4.55%.
The A-share block money index also opened higher today, among whichZhidu sharesTake the lead in daily limit,Akcome Technology、New Cape、Yonyou NetworkMany stocks have risen more than 5%,Seli Medical、Hongxiang sharesWait to follow up.
Many cryptocurrencies are also on a rising trend.
The volume of cryptocurrency funds managed by global institutions soars more than 6 times
Set a historical record
In 2020, Bitcoin investors will experience “structural” changes, and cryptomarketOf major investors have changed from retail investors to hedgefund。
According to Bitcoin Homes according to asset managementthe companyThe latest data from CoinShares, from January to late December 2020, encryptedMonetary FundwithproductTotalCash flowThe income reached US$5.6 billion, an increase of more than 600% from 2019. This makes the assets under management of crypto funds increased to nearly 19 billion U.S. dollars in 2020, an increase of 639% compared with the 2.57 billion U.S. dollars at the end of 2019, and the inflow of institutional funds has set a record.
These institutions/companies include Paypal, Grayscale, Fidelity Investments, MicroStrategy, Galaxy Digital, Square, MassMutual, Guggenham Macro Opportunity Fund, BlockFi, Three Arrows Capital, Rothschild Investment Corporation, etc., and we may see more in the future The new institution enters the list of Bitcoin investors.
At the same time, there are many “institutions”Wall StreetFinancial institutions and companies are accelerating their running and entering the market, and Grayscale Investment has increased its holdings of cryptocurrency at a record speed, and is known as the biggest Bitcoin whale this year.
According to BitcoinTreasuries data, the Bitcoin owned by Grayscale InvestmentTrustThe fund currently holds 572,644 Bitcoins worth 15.346 billion US dollars. Last December,reportIt is pointed out that the number of bitcoins managed by Grayscale is only over 203,000, which means that the number of bitcoins held by Grayscale in 2020 has increased by 182%.
Data source: QKL123
Bitcoin liquidity is declining
It will be harder and harder to buy in the future
Glassnode data shows that bitcoin is becoming more and more difficult to buy, and the number of bitcoin receiving and spending between entities is decreasing, which means that liquidity is declining. If Bitcoin’s liquidity is low, it means there are fewer Bitcoins available for trading. In the medium term, this may make Bitcoin more scarce.
On December 31, for the tweet “1 million Bitcoins have lost liquidity” published by the Chief Technology Officer of Glassnode, encryptedAnalystJoseph Young commented: “By 2021, Bitcoin will become more scarce. Position activity from long-term holders is increasing. This shows that confidence in Bitcoin in the medium-term market is rising rapidly.”
Rafael Schultze-Kraft, CTO of Glassnode, tweeted that this is one of the most important Bitcoin charts in 2020. Liquidity shrinks, investors hoard, and available bitcoins become scarce. In other words, this year 1 million bitcoins have become illiquid, that is, held by entities that spend less than 25% of the bitcoins they receive. There are fewer bitcoins available for purchase.
In addition, there are many “big guys” reminding investors to be vigilant about Bitcoin. Skybridge Capital’s founder, Anthony Scaramucci, holds a large share of Bitcoin, but even so, one should be vigilant.
Earlier in December, Scaramucci stated in an interview that Bitcoin may be a solid addition to the investment portfolio of ordinary investors-but you must have this appetite. He also pointed out that people have begun to accept Bitcoin, and because it appears in very few investment portfolios, there is a lot of room for growth.
Despite this, Scaramucci believes that Bitcoin is still an unstable asset, and investing in it is still risky. In his view, Bitcoin has a tendency to collapse. Now is the time to adjust, and the adjustment may be drastic. Scaramucci believes that Bitcoin may suddenly plunge 20% to 50%, so investors must be very cautious.
After Bitcoin’s skyrocketing
What’s the future direction?
Bitcoin has recently risen wildly. It broke through the US$29,000 mark this morning and headed for US$30,000. Although the currency circle was boiling for a while, while gaining more attention, analysts worried that Bitcoin might face further scrutiny by regulators.
According to Yingwei Finance,Online trading platformeToro’s U.S. DirectorGeneral managerGuy Hirsch pointed out that as Bitcoin gets more and more attention, it may also be subject to further scrutiny by regulators.
Earlier, the U.S. Treasury Department proposed new regulations for digital currency supervision, requiring some cryptocurrency traders to provide information about their identities in order to deter criminals from using this new technology to transfer anonymous assets.
Chief of American asset management company CoinSharesstrategyOfficial Meltem Demirors also stated that the new administration of President-elect Biden of the United States will have a potential impact on cryptocurrencies. “In general, the Democrats will pose challenges to cryptocurrencies because they tend to strengthen regulation.”
In recent years, Janet Yellen, who was nominated by Biden as the new Secretary of the Treasury, has warned investors that Bitcoin is a “highly speculative asset” and “not a stable store of value” means”.
However, with the rise of global inflation and the global economic recession, the market generally believes that investing in Bitcoin is a kind of “safe-haven” demand. Throughout the whole year of 2020, Bitcoin’s growth rate reached a staggering 300%, far exceeding traditional investment products such as stocks and gold.
(Editor in charge: DF358)
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