SheKnows | Cai Kailong: Three Reasons for Bitcoin's Breakthrough

On the afternoon of Valentine's Day on February 14, Babbitt's "SheKnows New Year's Debate: Encryption Prophets, Take You to See 2020 Clearly" is hot. Cai Kailong, a senior researcher and financial commentator at the Institute of Financial Science and Technology of Renmin University of China, analyzed the reasons why Bitcoin broke 10,000 yuan in three aspects. He said,

From a macro perspective, the global economy has not changed much in the past two months. The only change is the positive impact of the easing of the Sino-US trade war on the global economy and the negative impact of the epidemic on the world economy. The macroeconomic environment cannot explain the Bitcoin rush to $ 10,000.

In the industry, the medium-term market is mainly halved. The main BTC is expected to be halved, and the secondary factor is that the popular currencies such as BSV, BCH, and BEAM are about to be halved, and there is an expected increase.

At the micro level, the most important reason is that the destruction of the platform currency led to the rise of the platform currency. In the past, the mainstream currency driven the platform currency. This time, when the bitcoin was sideways, the platform's breakthrough generated linkage. The second is the mentality of risk aversion caused by the epidemic. Although Bitcoin is not the best tool for risk aversion, the public still holds such a mentality, so objectively it will cause the price of coins to rise.

Babbitt Note: Add micro signal luofengyu09, reply "SK" into the crowd.