Bitcoin callback17Billions of funds evaporate instantly, and there is a long way to replace the safe haven value of gold

In recent years, the Bitcoin market has developed rapidly, but financial markets and investors have mixed reviews of Bitcoin. Some people scoff at it, while others are eager to give it a try.2017Since the second half of the year, Bitcoin prices have skyrocketed and continued to break historical records. Nowadays, Bitcoin has also received increasing attention. As a virtual currency with a relatively short history, Bitcoin has strong price instability, often experiencing sharp rises and falls, and even facing the risk of delisting. Recently, Bitcoin has once again experienced a price correction, causing tens of thousands of investors to burst into tears.

1month21Bitcoin prices plummeted overnight by approximately4000USD, with a daily decline exceeding12.5%。1month22Bitcoin prices once fell below30000US dollar level, lowest hit28845The US dollar has dropped from its highest price in the day17.83%。1month24The price of Bitcoin is32000Around US dollars, compared to early January40000About a decrease in the high point of the US dollar20%. According to data from Bitcoin Home, after the sharp decline in Bitcoin24Within hours, approximately4Ten thousand investors have encountered short positions, totaling17One billion yuan of funds evaporated in an instant.

In fact, this is not the first time Bitcoin has experienced a sharp decline, leading to investors exploding and losing money. Bitcoin has suffered multiple cliff like declines in history. Many people believe that this is a bottoming out for the market, and prices will definitely continue to rise in the future. However, with the rise and fall of Bitcoin prices being so significant, do you still dare to play with coins?

  

Since the price of Bitcoin skyrocketed and repeatedly broke historical records, some market views believe that Bitcoin will replacegoldBecoming the new king of risk aversion. In fact, the market has always compared Bitcoin with gold, but currently Bitcoin does not have a hedging attribute and has drawbacks such as high price volatility, poor liquidity, and small market value. Overall, its performance is far inferior to that of safe haven assets such as gold.

Professionals believe that the Bitcoin market has entered the panic stage of the asset foam cycle. Strategists at UBS Global Wealth Management have warned that under the dual pressure of regulation and central banks, the value of cryptocurrencies such as Bitcoin may eventually become zero. European Central Bank President Lagarde stated that Bitcoin is a highly speculative asset and investors are more likely to participate in money laundering activities.

In summary, in the overall environment, Bitcoin still has a long way to go to replace gold's hedging value, and gold remains the world's best hedging product.2020Driven by global risk aversion, the price of gold in has reached a new historical high and sparked a new round of investment boom, fully highlighting the superiority of gold in resisting inflation and hedging.

International gold products such as spot gold often have the ability to make two-way orders, leverage transactions, and24The advantages of hourly investment have created more profit opportunities and greater profit space for investors. Under the influence of multiple factors, gold will enter a long short game period for a long time in the future, which is a good time for investors to enter the market and speculate on gold. In order to ensure the safety of investors' gold speculation, there are also a number of professional and excellent gold trading platforms in China that provide a safe gold trading environment for investors. Gold trading platforms such as Jinrong China, which have rich wealth management products and good investment experience, have also become an important support for investors' profit in gold speculation.

Finally, Jinrong China warmly reminds investors that the gold market is constantly changing, and currently there is fierce competition between long and short positions in the gold market. The trading risks in the gold market are increasing, and caution should be exercised when entering the market, and financial management should be carried out within our capabilities.