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Wang Xin, director of the Research Department of the Central Bank, said at today's Digital Finance Academic Seminar that it is necessary to promote the research and development of the central bank's digital currency. In fact, this matter was proposed a long time ago. There were rumors in this regard in 2017. At that time, some people even said that the name was already chosen, called Panda Coin, but later the matter was left unresolved. Why has the legal digital currency been delayed for so long? The main reason is that we have not figured out why we should do it, how to do it, and how to regulate it. Once the legal digital currency is issued, what kind of impact will all walks of life be affected?
The currency of a country involves all walks of life, so to promote its development requires a lot of model calculations, the impact of all walks of life and what changes it brings to the economy and life. The main reason for bringing this matter to the table again this time is the impact of Libra. We ordinary people can see clearly that Facebook's currency issuance is to erode the central banks of various countries and become the world's central bank. The bigwigs can more clearly realize the seriousness and urgency of the problem. So this time Wang Xin also proposed: The topics worthy of in-depth study in the next stage include whether legal digital currency will be formed in the future, and a pattern of coexistence of a few digital stable currencies. The madman believes that this matter is inevitable. Driven by the trend, only by embracing innovation and innovating oneself as soon as possible can we always be at the forefront of the world. This era can no longer allow a country to realize its dream in its own utopia. The country is like this, and each of us should be like this. Continuous learning and keeping up with the times are the correct posture for getting rich.
In other words, what impact does legal digital currency have on us?
1. Legal digital currency will enhance people's understanding of digital currency, which will be beneficial to Bitcoin, the originator of blockchain, in the long run. In the future, more and more people will join the army of cryptocurrency speculators. Yesterday, we saw Sina's digital currency channel and seemed to have sensed something. These irreversible futures have paved the way for cryptocurrency speculators, and crazy buying may happen tomorrow.
2. For banks, it is a near-destructive blow. Who will be the first to be revolutionized by the blockchain technology revolution? Financial institutions. In the past, financial institutions relied on their reputation to gain trust and used their brand names to make huge profits. When old men and women heard the words "ICBC", everything they sold could be invested in their entire pension. Blockchain happens to be a technology that does not require proof of trust, so the era of huge profits for banks will be gone forever. Therefore, Germany's largest bank, Deutsche Bank, also issued such a statement today: 3. The regulatory authorities can reduce their staff in large numbers. For example, the China Banking Regulatory Commission needs to observe a large amount of data every day to identify possible problems in the banking industry. However, all data in blockchain technology is traceable on the chain. There is no fraud and it cannot be tampered with. To protect their rights, people only need someone who understands on-chain queries.
4. There are also impacts on all walks of life, such as the medical industry, where medical records are put on the chain to provide better cases for hospitals without leaking patient information, or the supply chain, where each process can be recorded and traced to ensure the safety and reliability of each link. There are too many such cases, and conservative people will be eliminated by this era, just like people who did traditional business 20 years ago. If they are not proficient in using the Internet to do marketing now, they are basically in a state of dying, except for monopoly or resource-based enterprises.
Of course, due to the huge impact of legal digital currency, it will take a long time to actually go online and use it, maybe 3 years or 5 years, and the project is huge. However, once it is implemented, it will form a qualitative leap in the development of the entire country. The country that completes blockchain first will be the first to enter the era of fully automatic intelligent technology based on the Internet of Things and artificial intelligence.
Market Analysis
Bitcoin:
Bitcoin has been fluctuating endlessly. On the fifth day of Bitcoin's fluctuation, the market saw the dawn of a money-making effect. The mainstream coins led by ETH, ADA, and TRX rose by more than 4%, while others have not yet caught up. This way of rising still gives people a feeling of indecision. Many funds are watching whether Bitcoin can return to the 12,000 mark. Only by breaking through this position can the bulls start a full-scale counterattack. Therefore, the madman still recommends that everyone continue to wait and see with the big funds, and wait for the market to choose a direction before going with the trend.
ETH:
Today, the market has been rising in large volume and has emerged from the shadow of volatility. It is currently fluctuating around the 305 pressure level. The upper strong pressure is 325. It is difficult to say that the market will reverse without a breakthrough. Therefore, Kuangren predicts that the market will continue to fluctuate around 300 in the future.
ADA:
After a continuous decline and a false breakthrough of the support level, there was a rebound today. The volume was average and the rebound pressure level was 0.083. It is difficult to say that the trend has reversed.
TRX:
The mainstream coin with the largest increase today is because FOMO3D developed a second game last night, called JUST GAME, which is based on TRON. Therefore, all players need to buy and lock TRX to play the game. Affected by this, TRON has experienced an independent surge. After reading the rules, the game fanatic estimated that there are not as many people playing as FOMO3D, so the sustainability of the rise is relatively limited, and it is not recommended to chase high prices.
Most of the other mainstream currencies have not changed the trend of fluctuating downward, so the market is likely to rebound in the short term. You can continue to maintain half of your position and observe.
Platform Coin:
HT started the second round of voting, and due to this, it rose slightly. The market is now basically immune to this and it is difficult to sustain.
BNB stabilized briefly, with the strong pressure level at 35. Let's observe whether it can regain its position.
OKB continues to fluctuate, so you can hold it to see if there is any rebound.
I won’t talk about small coins, as there are not many opportunities. Don’t chase those with a single-day increase of more than 20%. If you want to play, just play with the coins worth tens of thousands or even thousands of yuan. The focus should still be on mainstream coins. |
