In recent years, all kinds of cryptocurrencies have risen rapidly in the world. Although bitcoin, the most popular cryptocurrency, has been mixed recently, it has maintained an upward trend, even breaking the $60000 mark again.

According to the latest data of bitcoin home, in the past 24 hours, a total of 3.732 billion yuan of funds burst, with more than 100000 people burst, of which nearly 52 million yuan was the largest single burst.

It is worth noting that although the recent upward trend of cryptocurrency is very crazy, the confidence of major institutions in cryptocurrency is still very high.

Daniel Scott, chief executive of the UK cryptocurrency exchange coinconnor, publicly disclosed that the balance of bitcoin on the exchange is declining, which is a bullish indicator and may push bitcoin to an all-time high of US $83000 in the future.

In addition, with more enterprises such as Tesla standing in line for bitcoin, bitcoin is also gradually moving from niche to mass market, even known as "digital gold", which will greatly promote bitcoin.

In its latest report, J.P. Morgan also pointed out that if bitcoin could match the gold investment of the private sector, its long-term value could reach $130000, more than double the current price.

It should be pointed out that the recent surge of cryptocurrencies such as bitcoin has also brought a huge blow to the global economy, among which the chip market has suffered the most. At present, the price of the new graphics card is soaring, even more than twice the price.

In addition, some experts said that the rapid rise of bitcoin has also attracted more and more people to join the mining industry, which will also lead to the rapid consumption of global power and other energy. Statistics show that the whole bitcoin network may consume 184 terawatt hours (1 terawatt hour ≈ 1 billion KWH) of energy every year, which is close to the total energy consumption of all data centers in the world.

(2021-4-4)