Safe haven digital currency
29 well-known companies in the world hold more than US $30 billion in digital assets
recently, a new trend has emerged, because many well-known companies have decided to use bitcoin (BTC) for reserves rather than traditional assets. After MicroStrategy bought $250 million worth of BTC, the trend became popular. Soon after, the company continued to buy more bitcoin. After several purchases, MicroStrategy has increased its holdings to 70470 BTC or. 336% of its supply. After the acquisition of MicroStrategy, square Inc. and other companies began to acquire. And ruffer investments joined the bitcoin buying trend
according to bitpointstudies.org, a portal, many companies hold more than 1.1 million bitcoins or more than $30 billion worth of encryption assets. After MicroStrategy, a billion dollar company, bought $250 million worth of bitcoin in August, the large amount of bitcoin reserves held by well-known companies began to expand. Now 29 companies hold cryptocurrency instead of traditional reserves such as stocks and cash
so far, a total of 29 companies have been listed on bitpointresearches.org, which divides all companies into three different parts. Publicly traded, private and ETF like holders
mining Corp., Voyager digital Ltd., riot blockchain, Inc., bit digital, Inc., coin citadel Inc., advanced bitcoin Technologies AG, digitalx, hive blockchain, cypherpunk Holdings Inc., big digital assets Inc, The 15 publicly traded companies, Argo blockchain and frmo Corp., have a total market value of about 100003 and 160; BTC, the private company holding bitcoin funds, includes four private companies, including mtgox KK, block.one, tezos foundation and stone ridge holdings group. Among the reserves of all four companies, the total market value of private companies is 317383-160 more than that of listed companies; BTC
at the bottom of bitpointstudies.org, there are nine ETF like holders, including grayscale bitcoin trust, coinshares, ruffer investment, 3iq the bitcoin fund, grayscale digital large cap, bitwise 10 crypto index fund, WisdomTree bitcoin, 21shares AG, etc & 160; Group's bitcoin ETP
including tahini & x27, a Canadian restaurant chain; S and snappa, a Canadian graphics software company. Tahini's restaurant chain revealed that it converted all of its cash reserves into BTC, while snappa said it spent 40% of its cash reserves on bitcoin transactions. Mogo, a Canadian listed company, has just announced that it will invest 1.5% of its reserves in bitcoin and plans to buy more next year. When tahini decided to tell his financial adviser that he would buy bitcoin immediately, he suggested using gold. The owner of the restaurant said the precious metal gold has become a reliable haven
the company tweeted: &“ We looked at our financial adviser and told him that because of bitcoin, gold would become a scam. " Tashini added: "he laughed and condescended back to the 6000 year argument."
The Chinese government has banned the circulation of bitcoin on all platforms, closed all platforms for trading bitcoin, and regarded bitcoin as a haven for criminal activities such as money laundering
In addition, bitcoin will eliminate the role of middleman in the near future& mdash; As a result, no institution or government can control or monopolize this decentralized currencythe transaction of bitcoin is completed in a direct way, without any financial intermediary, that is to say, bitcoin can complete the transaction directly between the buyer and the seller, without the need for a third party or other traditional banknotes as an intermediary. Therefore, bitcoin will pose a major threat to the banking system{ RRRRR}
based on two characteristics, the Chinese government allows the exploitation of bitcoin. According to a report released by bitooda, a professional cryptocurrency company, China has become the world's fertile ground for cryptocurrency mining, which accounts for more than 50% of the world's total mining
it is reported that the value of a bitcoin is currently equivalent to US $31000, which means that China has made huge profits from mining. Therefore, it can be said that the Chinese government is treating bitcoin in a way that is in line with its national interests, while protecting the digital RMB from any competitors. This shows that China is full of wisdom and rationality when dealing with bitcoin, and makes it in line with national interests
Bharath Rao, an American entrepreneur, is looking for the best place to trade his cryptocurrency derivatives in order to raise funds, but this address list does not include the United States. Instead, he chose Seychelles, the island of East Africa, to sell the platform's tokens
since the beginning of this year, there are 34 digital currency start-ups registered in the United States, the number of which is ahead of other countries. However, this only reflects the role of Silicon Valley as a global technology center in the United States and the degree of in-depth development of the U.S. financial market, which does not mean that the regulatory level welcomes digital money“ According to the data provided by "Smith + crown", there are 21 digital currency companies registered in Singapore this year, compared with only one last year; The second is Switzerland, with 19 digital currency registered enterprises this year, compared with only three in Switzerland last year; The number of registered companies in Central Europe this year is 14, compared with only one in 2016; There are 10 companies registered in the Caribbean this year, compared with only two last year“ These data confirm our feeling that Switzerland and Singapore are still the first choice, but the US is still likely to raise a lot of money for those companies, "said Matt chwierut, research director at Smith + crown
Monetary Fund is a kind of open-end fund which gathers idle funds, operates by fund manager and keeps funds by fund trustee. It is specially invested in money market tools with low risk. Different from other types of open-end funds, it has the characteristics of high security, high liquidity, stable income and "quasi savings"
e to the emergence of digital currency, a new type of monetary fund appears in the field of Monetary Fund virtual Monetary Fund
extended data:
characteristics
1. Principal security: most money market funds have the lowest risk among all kinds of funds, and money fund contracts generally do not guarantee the security of principal, But in fact, e to the nature of the fund, the loss of the principal of the monetary fund rarely occurs in reality. Generally speaking, monetary funds are regarded as cash equivalents
2. Strong capital flow: the liquidity is comparable to that of current deposit. Fund trading is convenient, the time for funds to arrive at the account is short, and the liquidity is very high. Generally, funds can arrive at the account within one or two days after redemption. At present, fund companies have opened the immediate redemption business of Monetary Fund, which can arrive at the account on the same day
(3) higher yield: most money market funds generally have the yield level of national debt investment. Money market funds can not only invest in exchange repo and other investment tools that can be invested by ordinary institutions, but also enter the inter-bank bond and repo market and central bank bill market for investment. Their annual net return rate is generally higher than that of fixed deposit rate in the same period Low investment cost: Generally speaking, there is no service charge for buying and selling money market funds, and the subscription fee, subscription fee and redemption fee are all zero. It is very convenient for funds to enter and leave, which not only reces the investment cost, but also ensures the liquidity. The first subscription / subscription is 1000 yuan, and the second purchase is increased by 100 yuanHua'an ririxin money market fund is a monetary fund proct issued by Hua'an fund
the fund invests in financial instruments permitted by laws, regulations and regulatory authorities, including cash, call deposit, short-term financing bonds, fixed deposit in bank within one year (including one year), large deposit certificate, and bond repurchase within one year (including one year)
central bank bills with a maturity of less than one year (including one year), bonds, asset-backed securities, medium-term notes with a resial maturity (or resale maturity) of less than 397 days (including 397 days), and other financial instruments with good liquidity approved by China Securities Regulatory Commission and the people's Bank of China
if laws and regulations or regulatory agencies allow funds to invest in other varieties in the future, fund managers can include them in the scope of investment after performing appropriate proceres
extended data
Hua'an riririxin monetary income distribution principle:
1, each fund share in the same category of the fund enjoys the same distribution right
2, the income distribution of the fund is dividend reinvestment, free of reinvestment fees
3，" Daily distribution, monthly payment & quot;. According to the daily fund income, the fund calculates and distributes the daily income for investors on the basis of net income of every 10000 funds, and makes centralized payment every month
the calculation of investors' income distribution on that day shall be kept to 2 decimal places, and the third decimal place shall be dealt with according to the principle of ending, and the balance formed by ending shall be redistributed until the end of the distribution
4, the fund allocates all the income of the day according to the daily income. If the realized income of the day is greater than zero, the investor's income will be recorded as positive; If the realized income on that day is less than zero, the investor shall record negative income; If the realized income equals zero on that day, the investor will not record the income on that day
Yu Libao can operate transfer in and transfer out at any time, and transfer in and transfer out to the account in real time. Please refer to the page display for the time of transfer in and transfer out to the account
the time when Yu Libao transfers out: if the transfer out of a single fund account is less than or equal to 5 million yuan per day, it can be transferred to the account in real time. If the transfer out exceeds 5 million yuan, it will be transferred to the account on the next fund trading day. It should be noted that the fund trading day is from Monday to Friday except legal holidays (including weekends)
Yu Libao's transfer out to balance limit: Yu Libao's real-time transfer out single day limit of current balance to e-commerce is 5 million; Non real time transfer out is unlimited. If you operate more than 5 million transfer out, you can do it in batches to ensure that 5 million of them will arrive in real time
There is no limit on the number of times Yu Libao transfers out
extended data:
Yu Libao is a cash management proct mainly for indivials, small and micro businesses and small and micro operators. The proct itself is yunshangbao monetary fund launched by Tianhong fund, which has the characteristics of low risk and high liquidity. It is jointly built by e-commerce bank and Tianhong fund
the maximum share of an indivial account is 10 million yuan, and the maximum share of an enterprise account is 50 million yuan. At the same time, Yu Libao has the characteristics of high liquidity. The single day real-time redemption limit of indivial account is 1 million yuan, the single day real-time redemption limit of enterprise account is 5 million yuan, and the non real-time redemption limit (T + 1 fund trading day arrival) is unlimited
from this point of view, Yu Libao is better than Yu EBAO in other aspects such as quota, income and handling charge, except that it can't pay for shopping. At the moment when Yu EBAO's quota is 100000, it is a very good alternative proct
, Yu Libao only existed in the Internet business bank invested by Ali, and now joined Alipay to meet the financial needs of more users. p>
[summary of this issue]
key recommendations
Ministry of Commerce: the goal of stabilizing foreign investment in the whole year can be achieved
Ministry of agriculture and rural areas: fully promote pig proction and accelerate the recovery
, Ministry of agriculture and rural areas: fully promote pig proction and accelerate the recovery of pig proction
market comment on
Market Review: Policy tone is warming, structural opportunities are expected to become more active. Suggestions are given to awesome opportunity
macro view: policy and funding power, IC plate performance to enter release phase
pharmaceutical instry: pharmaceutical instry control fee rection policy intensive release. The valuation of the instry leader needs to be improved
futures intelligence
metal energy: gold 334.40, down 0.22%; Copper 47010, up 0.26%; Rebar 3477, up 0.17%; Rubber 12195, up 0.49%; PVC index was 6465, down 1.00%; Zheng Chun, 1986, up 0.40%; Hulan 13810, up 0.44%; Shanghai nickel 118180, down 1.95%; Iron ore was 615.5%, up 0.65%; Coke 1741.5, down 0.57%; Coking coal was 1209.0, down 0.49%; Brent oil was 60.19%, down 1.81%
Agricultural Procts: soybean oil 6284, up 0.35%; Corn 1896, up 1.01%; Palm oil rose 0.37% to 5488; Zheng Mian 13265, Ping; Zhengmai 2359, up 0.13%; Sugar 5547, down 0.34%; Apple fell 2.18% to 7894; Jujube 11110, up 0.05%
exchange rate: EUR / USD 1.11, up 0.19%; USD / RMB 7.02, up 0.24%; USD / HK $7.83, up 0.01%
2. key points recommendation
1. Ministry of Commerce: the goal of stabilizing foreign investment in the whole year can be achieved
Event: Although the global cross-border investment is in general recession, the amount of foreign investment absorbed by China has not decreased, but has increased steadily. Zong Changqing, director of the foreign investment department of the Ministry of Commerce, said on the 18th that global investors still maintain confidence in investment in China, China's absorption of foreign investment is still growing steadily, and the goal of stabilizing foreign investment this year is expected to be achieved
comments: Although China's economy is facing certain pressure in recent years, its overall growth rate is still in the forefront among the world's major economies. China has a huge domestic demand market and a complete upstream and downstream instrial chain, which has a strong attraction for foreign investment and a strong support for China's economic growth. In the context of stable fundamentals, the investment value of a shares is still obvious in the medium and long term
(investment consultant Zhong Yanling Registered Investment Consultant Certificate No.: s0260613020024)
& 160
2. Ministry of agriculture and rural areas: make every effort to promote the recovery of live pig proction
Event: on November 16, Han Changfu, Minister of agriculture and rural areas, presided over a live pig proction scheling meeting of nine provinces, autonomous regions and cities in Southern China in Nanchang, Jiangxi Province, and listened to the news of nine provinces (autonomous regions, autonomous regions, autonomous regions, autonomous regions, autonomous regions, autonomous regions, autonomous regions, autonomous regions, autonomous regions, autonomous regions, autonomous regions, autonomous regions, autonomous regions, autonomous regions, autonomous regions, autonomous regions, Autonomous To analyze the current situation of pig proction and study the targeted measures. The meeting stressed that all localities should take speeding up the restoration of pig proction as their current political task, earnestly enhance their sense of responsibility, mission and urgency, further consolidate their responsibilities, implement measures and pay attention to actual results, so as to make every effort to accelerate the restoration of pig proction
comments: affected by the epidemic situation of African swine fever, the price of pigs in this round has a large upward range. Although the policy has made every effort to promote the recovery of pig proction, it is expected that the price of pigs will still remain high e to the long time of pig proction recovery and the possibility of repeated outbreaks. The high prosperity of aquaculture instry is expected to maintain, and it is suggested to pay attention to the instry leader
(investment consultant Zhong Yanling Registered Investment Consultant Certificate No.: s0260613020024)
& 160
3. market comments
market comments: the policy tone is getting warmer, and structural opportunities are expected to become more active again. It is suggested to pay attention to deterministic opportunities
affected by the central bank's restart of reverse repurchase operation and the rection of interest rate, the three major stock indexes rose slightly on Monday, and the Shanghai index regained 2900 points. By the end of the day, the Shanghai index was up 0.62% at 2909.20; The Shenzhen Composite Index rose 0.70% to 9715.27; The index rose 0.46% to 1682.49. From the disk, steel, digital currency, securities companies, tobacco plate ranks the top in the list, Baijiu, aviation, gold plate ranks the top in the decline list. On the whole, indivial stocks rose more and fell less, and the theme concept became more active. With the news warming, it is expected that the short-term market is still expected to continue the shock rebound, operation, light index, heavy stocks, strengthen band operation. It is suggested to focus on the varieties with clear performance growth and reasonable valuation. Focus on financial, electronics, home appliances, medicine, infrastructure and performance than expected stocks, avoid poor performance difficult to achieve expected stocks. The stock market is risky and investment should be cautious
(investment consultant & Company); Gu Zhixiong and Chen 160; Registered Investment Consultant Certificate No.: s0260611020066)
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macro view: policy and funding awesome, integrated circuit sector performance into the release period
event: under the background of domestic alternative acceleration, domestic Integrated Circuit Design Company showed a trend of accelerated performance in the three quarter. Among them, in the mainstream application fields such as RF chip, analog chip and memory, domestic system terminal manufacturers accelerate the introction of domestic alternatives
comment: besides the awesome policy, the state also supports the fund. It is expected that the news will bring about a good long-term catalytic activity in the IC instry. We should actively pay attention to the benefits of the instry. p>
(investment consultant & Company); Gu Zhixiong and Chen 160; Registered Investment Consultant Certificate No.: s0260611020066)
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pharmaceutical instry: the policies of controlling fees and recing prices have been intensively introced in the pharmaceutical instry, and the instry leader's valuation needs to be improved.
pharmaceutical instry: in the past more than a year, the policies of controlling fees and recing prices have been intensively introced in the pharmaceutical instry. At the same time, under the background of trade frictions and increasing uncertainty in the international situation, the pharmaceutical instry has become a haven for market funds, mainly based on domestic demand. In the pharmaceutical instry, indivial stocks with strong R & D ability, excellent innovation ability and strong cost control ability are expected to strengthen. It is suggested that we should pay more attention to growth and policy immunization
(investment consultant Gu Zhixiong Registered Investment Consultant Certificate No.: s0260611020066)
& 160