Insurance companies, the most conservative financial institutions in the financial industry, such as mass mutual and New York life, are investing in bitcoin. It can be said that the views of these financial institutions have changed substantially in less than a year. With the participation of these mainstream financial institutions, more assets will flow to bitcoin. This will certainly drive bitcoin's long-term growth.

Among recent events, coinbase is expected to be listed on April 15. Now its market value has been estimated at $100 billion. Such a market value scale has surpassed many mainstream financial institutions. Its successful listing will certainly push the price of bitcoin up sharply.

In terms of the investment view of bitcoin, there is a view that the price of bitcoin is too high and the number of bitcoins that can be bought is too small. But this view is a wrong judgment of bitcoin. For today's retail users and future institutional users, the consideration now is to hold smart, not bitcoin. One bitcoin is equal to one hundred million. Therefore, no matter how high the price of a bitcoin is, we can still buy Cong with the money. If the price of bitcoin increases by 10 times, the investment and purchase funds will also increase by 10 times. Therefore, it doesn't matter how much bitcoin or Cong You can buy.

Another wrong view of bitcoin investment is that the best investment opportunity of bitcoin has been missed, and it is not worth buying bitcoin now. But I think it depends on how investors judge the future of bitcoin. If you think bitcoin will go up in the future, then the current price of bitcoin is the lowest price in the future. If you don't look at bitcoin, the current price of bitcoin is its highest point, so there is no need to buy it. So the decision of buying and selling depends on the judgment of the future price of the bitcoin, rather than its current price. A decision related to this view is to invest the same amount of money in other products in order to get better returns. But from the perspective of risk and return, bitcoin is still the best choice.

(2021-4-5)