Bitcoin has increased by 7.8 million times in 8 years. Can more than 3700 yuan be exchanged for a London mansion?

Last week, a paragraph about Bitcoin was on fire:

Bitcoin exceeds $5,800 (about RMB38,280). When it was released in 2009, 1 USD was equivalent to 1, 300 bitcoin. What is investment? In eight years, it has increased by 7.54 million times. At that time, you spent 38 thousand to buy some bitcoin. Now you are the richest man in China, surpassing Xu Jiayin with a net worth of 290 billion!

However, just one week later, on 10 year 10 20th, Bitcoin had already broken through the $6,000 mark. Although it fell back later, it climbed above $6,000 again on 10/47 on October 20th, reaching the highest level of $6 147. Calculated at $6,000, the price of Bitcoin has increased by 7.8 million times in 8 years!

Although the soaring price makes many people worry about the "bubble" of Bitcoin, some people are still thinking about Bitcoin.

Buying a house and immigrants can use bitcoin.

With the soaring price of bitcoin, some people still want to "make a fortune".

At the end of September, Vanuatu, a little-known South Pacific island country, announced that it would accept investment immigrants with bitcoin as the payment method. Vanuatu has also become the first country to accept bitcoin to pay for investment immigrants. According to the country's immigration policy, investors need to pay $280,000. According to the current price of Bitcoin of $6,000, investors need to pay 47 bitcoins.

As early as 2006, Vanuatu, a South Pacific island country consisting of 80 islands, ranked fourth among the "happiest countries in the world" selected by the New Economics Foundation, a British think tank. According to the latest passport index score published by Canadian financial consulting firm Arton Capital, Vanuatu's passport score ranks 34th in the world.

According to the Vanuatu Immigration Bureau, Vanuatu nationals can travel to 1 18 countries and regions around the world without a visa, and it only takes about three and a half hours to fly from Sydney to the capital.

Not only Vanuatu, an island country, but also real estate developers in London are interested in Bitcoin. 65438+ 10 In mid-October, a real estate investment company named London Wall put up for sale a property located in Potobello Road, Notting Hill, London. However, the company requires buyers to pay by bitcoin and refuses to accept currencies such as pounds. This is also the first property in London that is only listed in Bitcoin. The real estate price is 6.5438+0.7 million pounds. According to the current bitcoin price, about 3,735 bitcoins are needed. In 20 13, London wall bought this property for 9.5 million pounds.

▲ London real estate is listed in bitcoin.

"We want to change people's views on digital currency," Lev Roginov, co-founder of real estate investment company, said in an interview. "Trading with digital currency is faster and more efficient."

Why does Bitcoin skyrocket?

Just two days ago, a Russian economic official sneered that speculative bitcoin was "worse than gambling", and on Wednesday, bitcoin once fell to 5 174 US dollars. But since then, the price of Bitcoin has risen by 16%. In the past ten days, its price has increased by more than 24%. Although influential people, including former Federal Reserve Chairman Ben Bernanke and JPMorgan Chase CEO Dimon, have made unfavorable comments on Bitcoin, it still can't stop the skyrocketing of Bitcoin.

For this price increase of Bitcoin, an analyst of OKEx, a well-known digital asset trading platform, who asked not to be named, said in an interview that Bitcoin is currently the world's largest blockchain application. With the establishment of major blockchain alliances and the research and development of blockchain technology in various countries, blockchain may enter people's lives in the near future. In addition, Australia, Japan, South Korea and many other countries have a more positive attitude towards Bitcoin. For example, Australian legislation exempts bitcoin from double taxation; Japan officially announced the legalization of Bitcoin as early as April this year, and vigorously promoted Bitcoin payment in China; South Korea's bitcoin transaction volume once re-entered the top three in the world, and the legalization of bitcoin has been put on the agenda.

Even so, Bitcoin is currently facing huge risks. The National Business Daily reporter noted that with the rapid growth of Bitcoin, the supervision of ICO has become increasingly strict. In addition to China, regulators in other countries, including the Russian Federation and the United States, are also conducting comprehensive supervision on cryptocurrencies.

10 June10, Russian finance minister Antony Lu Si Anoff announced that Russia will strengthen the supervision of cryptocurrencies and standardize their issuance, exploitation and circulation. At the same time, Russia plans to launch the national digital currency-digital ruble.

The Commodity Futures Commission (CFTC), a US regulator, pointed out in its asset class overview released on Tuesday that virtual tokens used for ICO financing can be included in the CFTC's regulatory scope, which means that Bitcoin may face regulatory review.

The National Business Daily reporter also noted that European Central Bank President Mario Draghi recently said that we should be cautious about virtual currencies such as Bitcoin. Although there are innovative factors in virtual currencies, we should carefully assess their risks.

In addition, Jamie Dimon, CEO of JPMorgan Chase, called Bitcoin a "worthless" investment bubble last month. Recently, UBS, another well-known investment bank, has also begun to follow the prospect of bitcoin falling. According to UBS's report, encrypted electronic currencies such as Bitcoin are now in a "speculative bubble", and they cannot become mainstream currencies.

The report also pointed out that enterprises and individuals need to pay taxes in the currency issued by the government. The potential unlimited supply of encrypted electronic money makes the widespread popularity of electronic money a huge obstacle. Although a company can accept cryptocurrency as a means of payment, it needs to pay taxes in the currency supported by the government. Therefore, the company will bear the exchange rate risk.

China only accounts for 1.6% of global bitcoin transactions.

According to CryptoCompare, a bitcoin data provider, China's strict supervision of cryptocurrency transactions has greatly changed the global share of the bitcoin market. At present, RMB-bitcoin transactions account for about 1.6% of the total transactions of the world bitcoin exchanges.

▲ The proportion of RMB and Japanese yen in global bitcoin transactions (Source: CryptoCompare)

The reporter noted that in the first half of this year, after Japanese legislation recognized Bitcoin as a legal payment method, the transaction volume of Bitcoin in Japan surged, and Japanese regulators have issued certificates to 1 1 cryptocurrency exchange. At present, about 58% of bitcoin transactions take place in the Japanese market, and nearly 65,438+0/3 of yen-to-bitcoin transactions take place in the Bitflyer Exchange in Tokyo. In addition, the US and South Korea markets also account for a large part of global bitcoin transactions-US dollars and Korean won account for 27% and 7% of the total bitcoin transactions respectively.