Less than two years after the bitcoin bubble burst, the international bitcoin market has heated up again this year, and prices have risen several times from the bottom. However, some analysts said that they should beware of the risk of collapse.
China’s mainland media first financial network reported on June 28th, Beijing time, this week, bitcoin once climbed to nearly 14,000 US dollars mark, the price plummeted, reproduce the long-lost super “roller coaster” market.
A number of indicators show that the rise of Bitcoin is not the same as that of 2017. Many analysts have warned that Bitcoin does not currently have the fundamental support for rising, and it is necessary to beware of the risk of “fresh coins”. The analysis said that you should be alert to the risk of falling at any time.
In December 2017, Bitcoin hit an all-time high of nearly $20,000, and since then there has been a major crash.
The recent trend of Bitcoin has caused many speculators to “incite” again, and expects the bull market to reappear two years ago. However, a number of indicators show that the bitcoin market is not the same as 2017.
The main thing is that the public’s enthusiasm does not seem to be ignited. In December 2017, Google searched for “bitcoin” terms five times higher than now, and the popularity of bitcoin has not returned.
After experiencing a 70% slump in Bitcoin in 2018, many analysts have warned that investors need to be wary of the risk of bitcoin falling again.
A former currency person in an interview with the First Financial News reporter reminded that according to the past rounds of bitcoin’s upward trend, each time Bitcoin experienced a bull market, it would end up with a crazy parabolic speculative climax.
But the currency circle also pointed out that Libra and other cryptocurrencies, including Bitcoin, are actually very different. ”
Libra has real asset support, including deposits and bonds, so it has value in itself, which is essentially different from other cryptocurrencies.”