On April 10, bitcoin hit the $600 million mark again, with the highest intraday increase of 5.35%, breaking through $61229 / piece. Today, April 11, bitcoin broke through the $60000 mark again.

Bitcoin, as the leader of cryptocurrency, has enjoyed a gratifying rise this year, breaking the tens of thousands of yuan mark in succession. What's more, several big companies have also increased their holdings of bitcoin, such as Tesla, Metso, etc.

The rise of bitcoin market gives us the most intuitive feeling is the rise of graphics card prices. A large number of mining companies start their computing power at full load. These mining companies still consume a lot of electricity, so most of them are located in some places where electricity is relatively cheap.

The rise of commodity prices means that bitcoin is not the only target of global asset prices. Bitcoin may be replacing gold as a means of asset allocation for some investors. Some people will ask whether global inflation has arrived. Inflation is certain at present. What is uncertain is how long the cycle will be and how strong it will be. It will take time to see. At present, the market's preference for venture capital is consistent with inflation expectations .

(2021-4-11)