Original title: blockchain suddenly swiping the screen! Digital money market prices rose across the board
Investment varieties in the blockchain field have detonated the market since early Saturday morning. Xunlei, a Chinese blockchain concept stock listed in U.S. stocks, soared 107% overnight. Bitcoin soared 40% in just 12 hours. The price exceeded the $10000 mark. The market value of bitcoin remained around RMB 1.2 trillion, accounting for 63.2% of the total market value of global digital currencies.
A general view is that President Xi Jinping's speech on block chain is the highest level of recognition of block chain technology that the world has seen so far. At the same time, as all localities learn and implement the central spirit, it can be expected that blockchain news will continue to brush the screen.
Considering that the first halving of bitcoin triggered an 80 fold increase in price, the second halving of bitcoin triggered an increase of more than 30 times, and the third halving of bitcoin is expected to occur sometime in May 2020, considering that the higher the price base, the more difficult the amount of funds required for the rise, and whether the third halving can trigger another sharp rise under the background that bitcoin has already reached US $10000, It has also become a big question.
The world's highest standard supports the development of blockchain
People's Daily reported the first time Xi Jinping's speech on block chain in front page headlines in October 26th. The title is "presided over the eighteenth collective learning of the Central Political Bureau: Xi Jinping: the key link of the core technology is self innovation". At the same time, CCTV news broadcast also focuses on this speech. Xi Jinping presided over the meeting and the Political Bureau of the CPC Central Committee collectively studied. Its high specification highlighted the importance attached by the central government to the block chain. With the implementation of the central spirit of all regions, the block chain news can be expected to continue to screen.
According to reports, President Xi Jinping stressed the need to strengthen basic research, enhance the original innovation ability, and strive to let our country take the forefront of the theory in the emerging field of block chain, occupy the commanding heights of innovation and gain new industrial advantages. We should promote collaborative research, accelerate core technology breakthroughs, and provide safe and controllable technical support for the development of blockchain applications. We should strengthen the research on blockchain standardization and enhance the international voice and rule making power. We should accelerate industrial development, give full play to market advantages, and further open up the innovation chain, application chain and value chain. At the same time, we should build a blockchain industrial ecology, accelerate the in-depth integration of blockchain and cutting-edge information technologies such as artificial intelligence, big data and the Internet of things, and promote integrated innovation and integrated application. We should strengthen the construction of talent team, establish and improve talent training system, create various forms of high-level talent training platform, and cultivate a number of leaders and high-level innovation teams.
President Xi Jinping pointed out that we should seize the opportunity of technology integration, functional expansion and industrial segmentation of block chain, and play the role of block chain in promoting data sharing, optimizing business processes, reducing operating costs, enhancing synergy efficiency, and building a credible system. We should use blockchain technology to explore the innovation of digital economy model, provide power for creating a convenient, efficient, fair competition, stable and transparent business environment, provide services for promoting supply side structural reform, realizing the effective connection between supply and demand of various industries, and provide support for accelerating the continuous transformation of old and new kinetic energy and promoting high-quality economic development.
Blockchain technology should be used to promote greater interconnection between cities in terms of information, capital, talents and credit investigation, so as to ensure the orderly and efficient flow of production factors in the region.
We should explore the use of blockchain data sharing mode to realize the joint maintenance and utilization of government data across departments and regions, promote business collaborative handling, deepen the "run once at most" reform, and bring better government service experience to the people. At the same time, we should strengthen the guidance and standardization of blockchain technology, strengthen the research and analysis of blockchain security risks, closely track the development trends and actively explore the development laws. We should explore the establishment of a security system suitable for the blockchain technical mechanism, guide and promote blockchain developers and platform operators to strengthen industry self-discipline and implement security responsibilities. We should implement the rule of law into the management of blockchain and promote the safe and orderly development of blockchain.
Xi Jinping pointed out that the relevant departments and their leading comrades should pay attention to the current situation and trend of the development of the block chain technology, and improve the ability to use and manage the block chain technology, so as to make the block chain technology play a greater role in building a network power, developing the digital economy, and helping the economic and social development.
The price of digital money market soared across the board
A general view is that Xi Jinping's speech on block chain is the highest level of recognition of block chain technology that the world has seen so far. At the same time, as all localities learn and implement the central spirit, it can be expected that blockchain news will continue to brush the screen.
A few days before the central speech, at 22:00 Beijing time on October 23, at the request of the Financial Services Committee of the US House of Representatives, Zuckerberg, CEO of Facebook, a US listed company, personally attended the hearing of Libra digital currency project. Zuckerberg said: China's payment infrastructure is more advanced than that of the United States, In particular, we should consider that the Central Bank of China may launch the official digital currency of the central bank.
This time, China's policy support for the blockchain field is undoubtedly standing at the commanding height of the world. Affected by China's policies, the digital money market began to be detonated in the early morning of October 26.
According to the data, as of 9:00 a.m. on the 26th, more than 90% of the top 100 digital currencies by market value had increased by more than 15%, and more than 15 varieties had increased by more than 30%. Among them, bitcoin once increased by more than 40%, and the price exceeded the US $10000 mark. The bitcoin price hit US $10500 in the intraday, the market value of bitcoin exceeded RMB 1.22 trillion, and the 24-hour turnover was RMB 123.9 billion, The turnover rate is about 10%.
So far, about 17 digital currencies have a market value of more than 5 billion yuan, including sun Yuchen's wave field currency. Although sun Yuchen once caused controversy because of Buffett's lunch, sun Yuchen's wave field currency has rebounded slightly recently, with an increase of more than 15% on the 26th, and the market value of more than 8 billion people's currency.
To some extent, it is a step away for sun Yuchen's wave field currency to enter the list of the top ten global digital currencies, with a market value of less than 900 million yuan from the 10th star currency.
At present, among the top ten digital currencies with global market value, the top three are bitcoin, Ethereum and reborn respectively. The market value is 1.2 trillion yuan, 141.2 billion yuan and 91.2 billion yuan respectively. The Chinese team built a digital currency exchange (coin circle securities company) -- the coin security coins issued by coin security also entered the top 10, with a market value of 20.8 billion yuan. The okex digital currency exchange, which is involved in a lawsuit with Yang Yongxin, a well-known private placement because of its alleged 'misappropriation' of customer funds, currently has a market value of about 6 billion yuan.
Can the third halving stimulate bitcoin to soar 30 times?
It is worth mentioning that another major factor in the surge of bitcoin is the 'halving' of bitcoin.
As the core spirit of blockchain and the founder of virtual currency, bitcoin will 'grow' a certain number of new bitcoins every ten minutes until the total number reaches 21 million. At present, bitcoin has been excavated by about 85.68%. The output of bitcoin is halved every four years, which means that the supply side is reduced, which can be roughly understood in the A-share market.
At the beginning of bitcoin mining, each block can be rewarded with 50 bitcoins. Now bitcoin miners will be rewarded with 12.5 bitcoins for each block dug, and 1800 bitcoins can be dug in a day. After halving, there are 6.25 bitcoins in a block, 900 bitcoins a day, and half of the bitcoins dug up every day. If the demand side remains unchanged, the number of bitcoins invested in secondary market transactions becomes less, and the bitcoin price will rise more easily.
Bitcoin halved for the first time on November 28, 2012.
In the six months before halving, the price of bitcoin rose from $5 to $12 at the time of halving. In fact, if we refer further, the rise of bitcoin to $12 started from the lowest price of $2. After half a half of the incident, 369 days later, in December 2, 2013, bitcoin prices surged from 12 US dollars to the historical high of about 994 dollars, and the price rose nearly 8000%. The first half of the market has created many more than the special currency rich Chinese mainland.
The second halving of bitcoin was on July 9, 2016. The price of bitcoin was around $650 when it was halved for the second time. After the halving event, that is, on December 16, 2017, bitcoin created a new price high in less than 530 days. The price of each bitcoin reached an amazing $19500, with a price increase of about 3000%.
At present, the market generally believes that the third bitcoin halving will occur sometime in May 2020. By then, the current block reward of 12.5 bitcoins per 10 minutes will be halved to 6.25 bitcoins. Considering that the maximum supply of bitcoin is 21 million, halving the reward of bitcoin blocks means that it will take longer for all bitcoins to enter the era of full circulation.
Some market analysts believe that considering that the number of bitcoins that have been mined is 18 million, about 15% of them are 'don't know where to put' - forget the password, stolen or lost. Coupled with the rule of halving for the third time, the number of new bitcoin generated by mining is further reduced, which improves the scarcity of bitcoin circulating in the secondary market.
However, some analysts believe that the difficulty of bitcoin rising from $1 to $100, from $100 to $10000, and from $10000 to $100000 advocated by some analysts is completely different.
It can also be found from the data that the first halving of bitcoin caused the rise of bitcoin by about 80 times, while the second halving of bitcoin caused the rise to 30 times, because the capital and ammunition required for the rise of dozens of times from different price bases are completely different, but the expectation of halving does improve the confidence of some investors, Can bitcoin replicate the grand occasion of 80 times and 30 times increase in the first half and the second half?