Cinda Securities Chen Jiahe: Virtual currency is "a standard financial bubble"

Chen Jiahe, chief strategy analyst of Cinda Securities, evaluated virtual currency as "a standard financial bubble" in a research report. "Although most virtual currencies claim that they have a limited number of issuances and will not expand indefinitely," Chen Jiahe believes that virtual currencies are not real currencies, neither endorsed by state power, no actual value in use, and no actual supply. Limitation, the price of virtual currency can only be reflected by the price that the next receiver is willing to pay.