Bitcoin research report: The central bank is strengthening digital currency research and development, and it is expected that the development of private cryptocurrency will be limited.

Economist Ren Zeping published the "Bitcoin Research Report" today. The report mentioned that speculative demand is the internal reason for the skyrocketing price of bitcoin, including trading activities such as disguised exchanges and ICO financing. In addition, Bitcoin is not comparable to physical currency such as gold in terms of universal acceptability and value stability, but it can satisfy the uniformity of value, and has the advantage that physical currency is incomparable in terms of lightness and portability. The relatively loose regulatory attitude of the developed economies such as the United States to Bitcoin is an important external factor for the continued expansion of Bitcoin's asset bubble. For more information, please see Babbitt News: