On April 2, the price of bitcoin once stood at $60000, and now it is stable at around $59000. Bitcoin's strong performance has attracted more and more attention from all walks of life. Even large banks have begun to publicize to their customers that they can use bitcoin to diversify their investment and further enrich their own portfolio to improve their returns

According to the Investment Research Report of JPMorgan, some JPMorgan strategists recently said that cryptocurrency is a way to hedge against major fluctuations in traditional assets, and the decline in the volatility of bitcoin will encourage more institutions to adopt bitcoin. JPMorgan estimates that if bitcoin can match the gold investment of the private sector, its long-term value could reach $130000.

Goldman Sachs has said it will offer bitcoin and other digital assets to its private wealth management clients as soon as possible. According to the global head of digital assets at Goldman Sachs, after a survey of nearly 300 institutional clients, it is found that 40% of the clients currently hold cryptocurrency positions. There is a huge demand for institutions and a large number of wealthy investors have joined in. Therefore, he expects bitcoin to reach US $100000 by the end of the year.

Coinbase, the largest U.S. cryptocurrency exchange, said on April 1 that it expects to start listing on the NASDAQ Global Select market on April 14. At present, with the booming encryption market and the influx of a large number of institutional customers, the trading volume of coinbase in the first quarter of 2021 is expected to reach $362.6 billion, which is four times of that in the fourth quarter of last year.

If the cryptocurrency exchange, coinbase, goes public smoothly, it will become the first share of the digital currency exchange. In this regard, industry insiders said that the listing of coinbase will bring the industry into a stage of standardized development. It shows that the traditional financial market has recognized the mainstream and legal status of digital currency and digital currency exchange, which is conducive to the entry of ordinary investors and institutions outside the currency circle, and is not a small benefit for the cryptocurrency industry.

At present, at the top of the political circle, there has been a divergence in the view of bitcoin. Recently, when answering questions about bitcoin, the president of the International Monetary Fund (IMF), Georgieva said that "this is a way to make people have a certain trust in the asset". This is a big change from the previous statements of governments. Her attitude is obviously more moderate. In an online interview in early March, U.S. Treasury Secretary Yellen said that bitcoin will do harm to the public. Bitcoin is an extremely inefficient way of trading. She does not think bitcoin will be widely used as a means of trading, and the legitimacy and stability of bitcoin still have serious problems It's a problem.

At present, the supervision of bitcoin by governments is not clear, which will have a greater impact on the trend of bitcoin in the future.

(2021-4-4)