This article is a continuation of "Why Invest in Blockchain" in October 2015 and "Finding the Holy Grail" in July 2018. At that time, the price of Bitcoin was US$24Bitcoin mining PC5 and US$7,880. Today, on December 27, 2020, Bitcoin The price is $26,964.
BTC's computing power was stable; ETH's computing power stopped falling, but it still declined slightly throughout the week. BTC mining unchanged this week, at 379T. The average hash rate this week is 48EH/s, which is 0.43EH/s lower than last week. The downward trend of ETH hashrate temporarily stopped, but this week is still lower than last week, with a difficulty of 1821. The average computing power is 143TH/S, which is about a drop of 1.7TH/S. Public attention is rising, but still at a relatively bottom
The ranking of BTC investment is higher than that of corporate bonds, gold and emerging market stocks, which in itself illustrates the views and expectations of professional investors for the future. In addition, this chart is not limited to BTC. It also tells us the investment direction of major asset classes in the first half of 2021. Especially for investors, BTC, gold and A shares are still in the window period from the big cycle. The cycle of a weak US dollar will obviously not jeopardize its status as a global base currency, but it has given the opportunity for a broad range of asset prices to rise. For many people, this may be a once in 20-year opportunity.
Most of Bitcoin's forked coins die after birth, or have a difficult livelihood, but if both coins can survive and grow up vigorously, the Bitcoin fork will also increase your total assets. For example, on July 29, 2017, you bought one Bitcoin, and after the hard fork on August 1, you received an additional BCH.
EIP960 was released on April 1, and it is recommended to set the total amount of Ether at 120,20432, which is twice the number of Ethereum issued in the ICO in 2014. This proposal aims to solve the current unclear monetary policy of this cryptocurrency, and the total amount setting can ensure the economic sustainability of Ethereum.
Bitcoin is also in a state of market consolidation similar to gold, and its price remains between $000-10,000. Therefore, BloombergIntelligence believeBitcoin mining PCs that Bitcoin is now more like a sleeping bull, which will explode after sleeping more than 10 years in the past and create significant History changes, not just doing something that everyone knows: appreciation. If the stock market crashes, gold and Bitcoin should rise.
In 2011, due to the skyrocketing price of Bitcoin and the rise of the Dark Web Silk Road, mainstream media including Time Magazine and Forbes began to report on Bitcoin for the first time. Into the public eye. The founders of Litecoin Li Qiwei, Wu Jihan, Changsha, Li Xiaolai, and others that we know well all learned about the new Bitcoin through media reports during this period, and Barry Silbert is no exception.