Recently, the virtual currency represented by Bitcoin fell sharply and suffered a round of selling. The price of Bitcoin fell below the psychological integer of 10000 US dollars on the 16th, the biggest one-day drop in three years.
However, after two days of deep decline, the virtual currency rebounded collectively on the 18th, and Bitcoin returned to above $11000. Bitcoin, Ripple Coin and Lite Coin all rebounded significantly from their previous lows.
Since the birth of Bitcoin in 2010, the cumulative increase in Bitcoin prices has exceeded one million times. It can be said that in recent years, there have been many thrilling “ghost stories” of virtual currency in the capital market.
The pictures in this article are from the “CCTV Finance” WeChat official account
As South Korea, Japan and China said they would take regulatory measures, French and American officials also promised to investigate cryptocurrencies. There are concerns that the world will accelerate the coordination of regulatory actions on cryptocurrencies.
Under the strict control of the regulatory authorities in September and November last year, the chaos of ICO (blockchain term: first token issuance), which was hot with the boom of Bitcoin, was suppressed. However, a “blockchain thinking” that claimed to subvert the future attracted many listed companies to compete for layout. The old Internet enterprises represented by Xunlei, Fengfeng, Renren and other companies try to achieve their own transformation by relying on blockchain technology. However, blockchain, as the underlying technology of Bitcoin, is actually a decentralized distributed accounting method. Most listed companies only published announcements of their intention to conduct blockchain research, and there is no actual research results or innovation. Xunlei’s share price has doubled due to its blockchain layout; Kodak, a 130 year old digital camera manufacturer, entered the blockchain, and its share price rose by more than 130%; Just after the meeting was qualified, 360, which was successfully backdoor listed, also announced to enter the blockchain. Is this a capital market arbitrage or a genuine business model?
Bitcoin: the real risk of virtual goods
Bao Ran, an Internet expert, said in the CCTV Financial Review that although there is policy related management, and the monitoring is becoming more and more intensive and strict, due to the expectation and trust in the future of digital currency, “expectation” should be quoted. Many users, including those currently engaged in bitcoin mining, trading, and users, may not really feel the potential security risks.
