Digital currency assets become the first choice for risk aversion, and the 2019 Global Digital Mining Summit is expected

In August, the global interest rate cut wave landed, and 25 economies have joined this camp. The uncertainty of the world economic outlook caused by factors such as the slowdown in the growth of major economies and negative trade growth is generally considered to be the reason behind this wave of interest rate cuts. This interest rate cut will objectively increase global liquidity and a large amount of capital will flow into the investment market.

Amid the global interest rate cuts, cryptocurrencies have become a safe haven for assets

After the rate cut, the market risk aversion sentiment is high. Recently, the price of gold has been rising all the way, breaking through the $1,500/ounce mark, and its "hard currency" advantage has reappeared. Hu Guopeng, chief strategy analyst of Founder Securities, believes that the downward pressure on the economy of the countries that cut interest rates is prominent, the inflation level remains low, and the interest rate cut trend may continue. Under this expectation, people's demand for safe-haven assets continues to rise, and anti-inflation has become the core goal of their asset allocation.

At the same time, Bitcoin, known as "digital gold", has also attracted investors' attention in recent market performance. The Bitstamp platform shows that Bitcoin once broke through the $12,000 mark in August, and the cumulative increase this month exceeded 20%, along with other mainstream digital currencies. Industry insiders believe that as a newly emerging safe-haven asset, this wave of Bitcoin's market is closely related to the interest rate cut trend, and as the "butterfly effect" of interest rate cuts continues, its price may continue to rise in the medium and long term.

The reason why Bitcoin has become a safe haven is actually due to its stability and security. The constant total amount and decentralized natural trust mechanism make Bitcoin an anti-inflation weapon. In addition, as an emerging transaction medium, people are more optimistic about its diversified prospects in application, which in turn generates long-term investment demand. It can be seen that digital currencies represented by Bitcoin are gradually becoming an important option for global investors' asset allocation.

Mining boom hits, 2019 Global Digital Mining Summit attracts attention

As digital currency enters the vision of traditional wealth managers and asset allocators, its infrastructure - digital mining has also gained more players. The current situation of "hard to find a machine" in the mining machine market is enough to show that the public's attention to it continues to rise. As the underlying mechanism of blockchain, the "ceiling" of digital mining growth is far from coming. Data shows that the current penetration rate of blockchain users is only about 0.2%, and the industry's development prospects are still full of room for imagination.

Any industry, from a niche game to a mainstream market, will go through a long process of development, and the digital mining industry is no exception. As countries enter the market one after another, the global competition situation becomes increasingly fierce, and the volatility of the cryptocurrency market also tests the predictive ability of practitioners. After the wild growth, the industry is undergoing a new round of reshuffle. At a time when the future development trend of digital mining is still unclear, how to accurately grasp the market situation and keep pace with the development of the industry is a huge challenge for global practitioners.

In this context, the 2019 Global Digital Mining Summit, which will be held by Bitmain in Frankfurt, Germany from October 8 to 10, came into being. It is reported that this conference will gather practitioners in various fields such as digital mining, blockchain industry, digital finance industry, and traditional finance industry, and use this platform to connect industry resources, explore potential business opportunities, and promote win-win cooperation.

According to the official website of the conference, the itinerary of this three-day mining summit includes an industry exchange dinner, speeches by big names and exchanges with peers. Bitmain co-founder Jihan Wu, Matrixport CEO Yuesheng Ge, Genesis Mining CEO Marco Streng and dozens of other industry leaders will attend and deliver keynote speeches on industry trends and shared ecosystem construction, exploring feasible paths for the industry to develop steadily under new opportunities.

Technological development and the information revolution are setting off a new round of great changes. As the digitalization process continues to deepen, digital assets may become the most important assets of mankind in the foreseeable future. The turning point is approaching, and I believe that the holding of the 2019 Global Digital Mining Summit will clear the fog for global practitioners and open up a breakthrough for the sharing of the digital mining ecosystem.

Ticket purchase portal: https://miningconf.org/