Bitcoin closing up 60 percent， CEO Gao Hang of Baoquan for the interpretation

Recently, the price for Bitcoin can be described as “crazy”. On May 19, the price of Bitcoin in dollars has over the highest price of gold, and exceeding 2000 dollars on May 21 for the first time, then increased to 2300 dollars on May 22, closing up 60 percent  in one month. The CEO Gao Hang was invited for the interpretation by Hangzhou daily news.

Gao Hang said, on the one way, the virus incident shortly before which has great influence on Bitcoin; On the other way, the market risk control and the legalization process also contribute immeasurably to Bitcoin. The cashability of Bitcoin can be available in anywhere and anytime, so for the assets, holding Bitcoin may take the uncertainty of market and economic. It can be found that the Bitcoin price is always related to some international events.

Due to the foreign investors?

As a kind of virtual  goods, Bitcoin is produced by the powerful computing ability of computer. The computer for producing bitcoin called miner, computing ability means the output ability for producing bitcoin. Then Gao Hang explained, with the rapid growth of users, the credibility for Bitcoin has become more and more strong. In addition to the promoting from market risk aversion, Bitcoin on the international way for legalization is also an important reason.

What should ordinary investors do?

For the crazy trend, Gao Hang encouraged that the ordinary investors should learn the underlying technology of Bitcoin before participating in the market. And the financial institute is still unable to participate in in China, so it is still in the stage of large-scale economic experiments.

Finally, Gao Hang introduced Shuqin Tech, which is a blockchain company for e-data attestation, to issue a trustworthy electronic certificate, then to promote the construction of credit society. He also encouraged users pay more attention to the development of Blockchain.


More detailed solutions:
https://www.baoquan.com/en/