Bitcoin weighs 10,000 US dollars, Wall Street tycoon enters!Is it about to rise？sTcgtA
Bitcoin weighs 10,000 US dollars, Wall Street tycoon enters!Is it about to rise?
On May 8, Bitcoin once again broke the 10,000 dollar mark.It has been nearly two months since the market waterfall on March 12th, during which bitcoin gradually rose by 160%.Wall Street tycoon’s entry has caused concern, the founder and chief investment officer of hedge fund giant Tudor Investment Company Paul?Tudor?In a letter to investors, Jones revealed that a fund he belongs to is buying bitcoin.Obviously, the halving of Bitcoin blockchain rewards will soon be implemented.Bitcoin has experienced two halvings in history. One year after the second halving, the price of Bitcoin doubled by 10 times, and a year and a half after the production cut, the price rose by 2000%.After this halving, will Bitcoin’s bull market come?not necessarily.Bitcoin breaks the 10,000 mark again Wall Street tycoon buys bitcoin futures This morning, bitcoin broke the $ 10,000 mark for the first time since February 24.The bitcoin price accelerated at 11 o’clock yesterday evening (May 7) and reached a maximum of $ 10074 this morning.The price increase also stimulated transactions. This morning, the number of Bitcoin transactions to be confirmed exceeded 20,000, and the number of active addresses across the network continued to be at the highest level recently.Allegedly, the data monitoring on the Tokenview chain shows that as of 10 o’clock today, the transaction volume on the Bitcoin chain in the past 24 hours was 149.40,000 bitcoins, an increase of 43.85%; 33 transactions on the chain.08 million, down by 4.11%.At present, the number of transactions to be confirmed on the entire network is about 21,700, and the number of active addresses on the entire network is more than 970,000.When Bitcoin plunged on March 12, the market was seriously unbalanced.At present, the ratio of long and short positions in BTC contracts is 1.06, the market is long and the number of people has a slight advantage.According to Bloomberg, legendary trader Paul, the founder and chief investment officer of hedge fund giant Tudor Investments?Tudor?Jones added in a letter to investors that a fund he belongs to is buying bitcoin and holding a proportion of cryptocurrency futures as a hedge tool for inflation, because paper money is being printed all over the worldTo ease the economy affected by the new coronavirus.However, Paul?Tudor?Jones itself directly holds Bitcoin spot, or buys Bitcoin futures derivatives.Jones likens buying Bitcoin to “having accelerated horses” in the upcoming inflation race, noting: “If I had to predict, I would bet that accelerated horse would be Bitcoin.”Jones’ entry into the bitcoin market is still a bullish indicator. I have observed that some investors who have been on the sidelines before and after have begun to consider investing in virtual currency investments.””A virtual currency investor Zhang Quan (pseudonym) told Sauna and Yewang.One year after the last halving, the price doubled 10 times. Will this time?The long-discussed bitcoin halving is about to start, and this round of halving block rewards will be from 12.5BTC is reduced to 6.25BTC.The prevailing view in the market is that the halving caused the price increase of Bitcoin this time.Democracy analysis predicts that the time for Bitcoin to halve is at 13:00 on May 12, Beijing time, but according to a recent survey by cryptocurrency mining company Coinmint LLC, it is likely that the halving time for Bitcoin blockchain rewards will be advancedTo New York time on May 11 at 7:45 pm (Beijing time on May 12 at 7:45 am), this means that “halving” will be about 5 hours in advance.The advancement of the “halving” time may be related to the accelerated confirmation of the new blockchain on the Bitcoin network.The so-called halving of Bitcoin is an inevitable event written by Bitcoin founder Satoshi Nakamoto into the code, that is, for every 210,000 Bitcoin blockchains dug out, the reward will be halved.According to the OKEx mining pool data, the next BTC halving date is expected to be May 12, 2020.The bitcoin halving has been experienced twice. In 2012 and 2016, the mining rewards were reduced from 50 to 25 respectively. The second halving changed the block reward to 12.5 bitcoins.After two halvings, the average bitcoin price rose. After halving in 2012, the bitcoin price rose by nearly 8200% within a year.In the year after the second halving, the price of Bitcoin surged nearly 10 times, and in a year and a half, the price of Bitcoin rose by more than 2000%.After this halving, will the price of Bitcoin double again?”I don’t think so.First of all, the first two surges were after halving for one year, so the halving is not directly related to the increase in Bitcoin prices.”Li Dong (pseudonym), an analyst in the virtual currency industry, said.Li Dong believes that the last round of inflation was related to the policy that did not restrict the inflow of large amounts of virtual currency ICO, but the virtual currency supervision has become stricter, and similar situations will not happen again.Cai Kailong, a senior researcher at the Institute of Financial Technology of Renmin University of China, also publicly stated that it cannot be said that halving the market will definitely bring a bull market. This is not an equivalent relationship.There are three reasons to look at the conditions under which quartz bitcoin has skyrocketed. There are three reasons: Drift plunges to more than 3,000 US dollars, which is an underestimated price and there is pressure to rebound.The second is due to the large amount of USDT oversupply, and the third is to halve the psychological effect on the market.He believes this will further affect the subsequent price of Bitcoin.Two months ago, the price of Bitcoin suffered a slash. Buffett said that he would never hold Bitcoin as a kind of virtual currency. The price has always fluctuated greatly.Nearly two months before this round of rise, bitcoin price experienced a “waist cut”.On the evening of March 12, the bitcoin price began to dive, falling from $ 7,300 all the way, and the lowest fell below $ 6,000, the largest one-day decline in five years.On March 13, the intraday price fell below US $ 4000 to as low as US $ 3800. The 24-hour drop was close to 50%, and it once again set a single-day decline record.At the same time, many exchanges such as Binance were shut down, and the startup of multiple mining machines was interrupted, and 110,000 people broke positions within 24 hours, involving a total amount of nearly 3.3 billion US dollars.The plunge has also sparked discussions about Bitcoin’s risk-averse nature.”Investors are withdrawing any high-risk assets,” said Vijay Ayal, business development director of cryptocurrency trading platform Luno in Singapore. “But some people think that Bitcoin is a safe and safe asset like gold, butIts penetration rate is very low, and the current risk of holding such assets is even higher.”Practitioner Wang Xin (pseudonym) said that the impact of panic selling on bitcoin prices, there is no over-the-counter allocation of the currency circle itself, and the chain reaction brought by the leveraged model is large.She said that since last year, the price of Bitcoin has been rising all the way, and the currency circle has started a virtual currency deposit business.Large investors are optimistic about the rise in currency prices, so they pledge their bitcoins and use the money to increase leverage.If the market goes up, the money earned from the leverage business can be redeemed for Bitcoin.However, the leveraged business has a closing price and a pledge rate. Once the price drops and touches the closing line, a passive sell-off will occur, resulting in a large number of forced positions.Wang Xin said that the decline in the price of Bitcoin also came from the selling pressure of some miners, because the output of Bitcoin will be halved, the price of the currency will not go up, and the miners will not be able to make ends meet. They will have to sell coins in exchange for cash flow.”During this big volatility, only miners with good cash flow can survive.”What is”, on February 24, Buffett once again said in an interview with CNBC, “Cryptocurrencies are worthless. I own Bitcoin and any cryptocurrency, and I will never hold it.””Sauna, Ye Wang Zhang Shuxin editor Li Weijia proofreading Li Xiangling