Is Bitcoin "revived"?

Is Bitcoin "revived"?

After more than a year of "bear market", bitcoin prices ushered in a reversal in 2019. After entering May, bitcoin prices have started to rocket-like soaring, breaking through the $8,300 mark, reaching 2018 The highest point since the month. At the same time, Bitcoin has also led to the rise of other encrypted digital currencies, with Ethereum, Litecoin and Bitcoin cash all showing exaggerated gains.

Is Bitcoin "revived"?

As bitcoin prices rebounded, the chip industry, which has been depressed for the whole winter, is also enjoying a new dawn. The "mineral" chips required for bitcoin production are generally produced using state-of-the-art semiconductor manufacturing processes. Bitcoin chips and smartphone chips and AI chips have become one of the world's most advanced semiconductor processes. However, due to the downturn in the currency price last year, the demand for related chips has also entered a low point. However, with the increase in the price of this bitcoin, the demand for semiconductors triggered by the upgrading of mining machines may increase. Therefore, investment bank analysis believes that the price of coins continues to rise. It will have a clear pulling effect on the global semiconductor industry.

Is Bitcoin "revived"?

The amazing increase in Bitcoin has made Bitcoin a new investment option. At present, the group that invests or allocates assets to the encrypted digital currency has changed. Since then, it has been mostly personal investment. Now more financial technology companies, banks, venture capitalists and mainstream financial giants have participated. Investment bank JPMorgan Chase has announced the deployment of a strategy leader in encryption assets to focus on the cryptocurrency market; Goldman Sachs also revealed plans to launch a cryptocurrency trading platform in 2019; Fidelity Investments, which manages $7.2 trillion in client assets, also Introduced encrypted digital currency trading and hosting services.

Is Bitcoin "revived"?

On May 22, 2010, a programmer named Laszlo Hanyecz bought two pizzas in 10,000 bitcoins, which is also considered to be the first transaction through Bitcoin. If calculated according to the current market, the two pizzas that Laszlo Hanyecz ate were worth about $80 million. This day has become the Bitcoin Pizza Festival.

After nine years, although the debate on the value of Bitcoin has never stopped, Bitcoin has become the most popular encrypted digital currency in the world today.

Is Bitcoin "revived"?

Is Bitcoin "revived"?

At the end of 2018, there were an estimated 23.7 million bitcoin addresses worldwide, accounting for approximately 0.31% of the world's total population. A study in 2019 showed that 36 countries in the world had more than 1% of the total number of Bitcoin holders, 26 of which One in Europe and North America.

Is Bitcoin "revived"?

As a digital cryptocurrency, bitcoin theft, system failures, and attacks on the exchange have also occurred frequently in recent years, which is a major factor in the price fluctuation of Bitcoin. On May 8 this year, the world's second largest blockchain token exchange publicly acknowledged the stolen bitcoin for the first time. A total of 7,000 bitcoins were stolen by hackers, accounting for 2% of their total bitcoin holdings. At the time, the unit price of Bitcoin was $5,860, and the stolen 7,000 bitcoins were worth up to $41 million. This incident directly led to a sharp drop in bitcoin prices.

Is Bitcoin "revived"?

Bitcoin is also lost due to factors such as the loss of the personal digital currency wallet private key. According to relevant data, as of the end of 2018, 3.37 million bitcoins have been lost or destroyed, that is, an average of about 421,000 bitcoins are lost each year. At current prices, about $3.1 billion is lost each year. (Phoenix Television)