Virtual currency of gray company investment
if the cryptocurrency exchange is the largest bitcoin warehouse, people may not be surprised. 6.7% (about $9.8 billion) of bitcoin currently in circulation are held by cryptocurrency exchanges however, more interestingly, despite the long bear market, the bitcoin reserves of these exchanges have been increasing no matter "up or down"
in the past two years, BTC inventories of eight exchanges including Kraken, bitstamp and binance have increased steadily. This is in sharp contrast to the volatility bitcoin has experienced since March 2017. These largest bitcoin holders continue to have confidence in the cryptocurrency market and continue to increase their share regardless of market conditions
if you imagine yourself as a big fish in an infill pond, it may become easier in the future. As bitco reported a few weeks ago, the number of BTCs you need to be a whale may change over time. If you believe in some theories, holding a bitcoin may give you enough power to influence the market
although others disagree, they point out that one of the 21 million bitcoins is very "insignificant". So no matter what the situation is, no matter how many bitcoins you have, keep a positive attitude
The reasons for the sharp rise of bitcoin are very complex, mainly e to the continuous admission of institutional users through the compliance channel. In short, many bitcoin holders do not really understand bitcoin itself, but just regard it as an investment proct with huge profits, but ignore its risks
the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation
e to the decentralized programming of the bitcoin system, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes
in 2015, gray investment company was incorporated into the newly established digital currency group (DCG). In addition to gray investment company, DCG also has two subsidiaries, namely, genesis, a cryptocurrency OTC broker, coindesk, a blockchain media platform, and more than 150 other blockchain companies / projects
in addition to bitcoin trust fund, gray investment company also launched eth, BCH, etc, LTC, XRP and other cryptocurrency trust funds, as well as grayscale digital large capital fund including mainstream currencies
the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system.
at the same time, in grayscale, in addition to GBTC, there are some other procts that can be traded. The price of these cryptocurrencies, such as Ethereum, lightcoin, bitcoin cash and so on, has become a large scale
what is the value of GBTC? How to interpret its meaning
stock market and currency market are two different markets. Although they are related before, they are not exactly the same. In the past, it was not feasible to invest in the digital currency of blockchain in the traditional stock market. But now there is a new way, the gray bitcoin trust (GBTC), which enables us to participate in the trading of bitcoin in the stock market. The principle is that the gray bitcoin trust (GBTC) holds a large amount of bitcoin. The value of GBTC is close to the value of bitcoin and will change with the price of bitcoin
at present, gray bitcoin trust has 6.5 billion US dollars of bitcoin, and it is a private investment. Gray bitcoin trust is a company in the United States. At present, it is the largest buyer in the world. It was launched in 2013, and it has been seven years since, The development speed is very fast.
detailed explanation of the operation mode of gray bitcoin trust (GBTC):
when an investor values GBTC and wants to buy a large amount of it, he can grab the investment fund of the foundation. The fund of the foundation can be used by investors to buy a large amount of bitcoin. After the gray bitcoin trust (GBTC) is listed on the stock exchange, Any investor who opens an account in the stock market can trade GBTC on the stock exchange. It should be noted that the price of GBTC fluctuates with BTC. The price of GBTC is close to BTC, but it is not entirely BTC. The subtle influence between the two systems determines this characteristic. At present, the price of GBTC is higher than that of BTC, and there is a certain premium. For early investors, the premium means profit, but for current investors, the premium increases the risk of current investment
why don't we buy bitcoin directly, but buy gray bitcoin trust (GBTC)
1, do not consider the security issues such as bitcoin storage
2, do not consider the legitimacy of large-scale holding, have tax incentives
3, bitcoin can not directly trade with traditional stocks, but GBTC can
Since 2020, bitcoin has changed its previous stability and its value has soared. Although there has been a slump ring this period, it has not prevented bitcoin from reaching a new peak
the more investors, the larger the scale of purchasing bitcoin. Data show that in 2020, a total of 347000 bitcoins will be bought in addition to emerging investment institutions such as gray scale, Wantong mutual, an old American insurance company, and PayPal, a financial technology giant, are also powerful giants in the bitcoin market therefore, today's bitcoin market is a "game" platform for financial giants, and ordinary retail investors should be cautious in their investment
2020 is a magic year. Although there are many troubles from the beginning of the year to the end of the year, asset prices are rising very well
let's look at the performance of all kinds of assets:
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here's another interesting thing. In the first seven months of bitcoin coming out, the creator Nakamoto Tsung mined 1.1 million bitcoins himself, accounting for 6% of the total amount of bitcoins. These bitcoins have been left untouched, and now are worth nearly $40 billion
If a market has the four characteristics of high leverage, drastic price fluctuation, limited trading volume and high concentration, then the market is a perfect Chinese chive cutting market
we have done a previous issue of the hunt brothers silver speculation. After hoarding a large proportion of silver, the hunt brothers in the United States manipulated the prices in the futures and spot markets to reap the silver investors in the market. Today's bitcoin market is a bit like the silver market of that year
before any asset bubble bursts, there will be lots of people making money. What is the upper limit of the bubble? How high will the price go? How crazy can market sentiment be? None of this can be predicted
a rational investor should not be distracted by the soaring price, but should carefully think about two questions outside the fanatical market sentiment. Do I really understand the investment logic behind this thing? Is it really worth so much money
if you're like me, you'd better not take part in this kind of incomprehensible excitement
legal representative: Qi Dulong
time of establishment: November 17, 2014
registered capital: RMB 1 million
business registration number: 440301111668606
enterprise type: limited liability company
address: 9D, building 4, North Bolin garden, Beili North Road, xishuibei Second Road, Cuizhu street, Luohu District, Shenzhen City
legal representative: Hu Kongwei
time of establishment: October 14, 2009
registered capital: RMB 1 million
business registration number: 440306104311994
enterprise type: limited liability company
address: 01-06, 18th floor, block B, No. 196, Tangtou Avenue, Shixin community, Shiyan street, Bao'an District, Shenzhen City