Is Bitcoin still worth investing while the price hovers around $50,000?

"There is no exception in the cryptocurrency industry. Bitcoin is late to the game."

In 2020, the word "magic" can not be put into any industry too much, no one thought that "witness history" will become the true portrayal of real life, especially the global secondary market.

If you remember, in March of 2020, that might be the scariest days, global investors have seen stocks, shares, commodities, precious metals, gold silver, overview of the secondary market in the world, no one asset is rising in that time, and even appeared in human history so far of commodity negative settlement for the first time.

But who also did not think, in the global environment of water, the secondary market out of the rare V-shaped curve, at the same time, also opened an unprecedented bull market.

At that time, the Nasdaq of the US stock market almost reached new highs every day, especially with the new energy vehicle sector as the absolute core. Tesla's stock price still reached new record highs all the way despite the fact that Tesla's founder Elon Musk publicly said that the stock price was too high. Gold, which had not moved for years, rose; A shares also stand at 3400 points, ready to move.

Of course, the cryptocurrency industry is no exception, and Bitcoin is late to the game.

Since October of 2020, Bitcoin has started an uptrend that has amazed investors around the world. The price is only the outward manifestation of Bitcoin. In some ways, Bitcoin is not what it used to be.

At first, the attention of institutions soared. As the most direct intermediary for institutions to invest in Bitcoin, the holding value of Grayscale's Bitcoin Trust product GBTC has reached 30.725 billion US dollars, compared with 2.022 billion US dollars at the beginning of 2020. The most notable of these institutions is Cathie Wood, now known as the "Warren Buffett-ess" and "Queen of Wall Street," whose ARK fund has 4.6% of its holdings in bitcoin.

On February 8, Tesla, the leader of new energy vehicles, announced that it had invested $1.5 billion in Bitcoin. The two YOLO assets of the Z era finally met. Musk, who did not recognize Bitcoin before, also completely became the chief KOL of Bitcoin worldwide, and every move affected investors' nerves.

Musk is not alone in changing his tune on bitcoin.

Rick Rieder, chief investment officer of global fixed income at BlackRock, told CNBC in November that "Bitcoin has a good chance of taking the place of gold because it has a lot more features than gold." The following month, CEO Larry Fink said during a panel discussion that Bitcoin could evolve into a global market asset. "These huge [funds] are moving around every day... It's a weak market. He has repeatedly expressed indifference to bitcoin.

In January, Ray Dalio, the founder of Bridgewater, wrote about bitcoin, describing it as a remarkable invention that "has evolved so rapidly that it's really astounding. The whole process is like creating a traditional monetary system based on credit." He also thinks it's interesting to watch the path of Bitcoin relative to the wealth reserves that exist in the market, such as gold.

The world-famous co-founder of Microsoft Bill Gates has also changed his attitude towards Bitcoin. He once said that he would short Bitcoin three years ago, but three years later, Bill Gates changed his attitude to neutral and no longer has the intention to short Bitcoin.

Dan Bin, a leading domestic value investor who is also a bitcoin ETF buyer and chairman of Shenzhen-based Oriental Bay Investment Management and author of The Rose of Time, said on Weibo that "as Tesla allows bitcoin to be used as a payment" currency, its value may increase."

The wind seemed to change before you knew it.

Looking back at the development of Bitcoin in just over 10 years, it has grown from an extremely niche geek product to the top asset allocation on Wall Street. The creation of Bitcoin is successful enough that a network that no one can control has been running for 10 years under the words "scam," "game," and "fraud."

In the outside world can only pay attention to the appearance of the boom and crash, the core of Bitcoin and blockchain has already changed.

More people can only pay attention to the price fluctuations of Bitcoin, but still don't understand the investment logic of Bitcoin; More users outside the circle do not know what changes have taken place in the block chain in just a few years, do not know that the financial field on the block chain has begun to attract the attention of the traditional people, and do not know that the smell of the top Internet capital has already touched the new things on the chain.

In order to allow users outside the circle to have a more comprehensive and objective understanding of Bitcoin, the blockchain industry, and the imagination space brought by this field, Tencent News and RoutinBlockBeats jointly launched the "New Knowledge on the Chain" column.

In the 8th issue of the column, you can learn about the professionals' interpretation of Bitcoin, the discussion of the central bank's digital currency DCEP, and the popularity of various new discoveries in the blockchain field in the "New Knowledge on the Chain".

March 4 19:00-20:00, "new knowledge on the chain" will officially launch the first column, the theme is "no Elon Musk rich, buy bitcoin can only be leeks?" , invited Yu Jianing, the rotating chairman of the Blockchain Committee of China Communications Industry Association and the president of Huobi University, and Cai Kailong, a famous financial commentator and founder of Houlang Finance of Kailong, as guests, hosted by Zhang Shuhao, executive editor of Ru Blockbeats.

"How do you view the investment value of bitcoin? "Why did Bill Gates say that only rich people should buy bitcoin?" "Is it too late to get into bitcoin? And so on the majority of investors heart concern of the most core questions, in the "new knowledge on the chain" in the first column will be answered.

Tencent news and rhythm BlockBeats jointly organized "knowledge chain", and is not a summary of the currency, but the start of the currency, in the currency of the demographic dividend is beyond imagination again today, in the world's top financial people for COINS today, hold a positive attitude, the currency may be far, than any of us expect to be grand.

March 4, then, is the first day you learn about Bitcoin.

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