Bitcoin once broke through $6,300 and rose more than 550% this year

At around 4 a.m. Beijing time on the 30th, as the situation in Spain continued to be tense, Bitcoin rose sharply again, once breaking through $6,300.

The market value of Bitcoin is close to $104 billion, once again surpassing American investment banks such as Morgan Stanley and Goldman Sachs. However, Bitcoin is about to usher in a hard fork in November, which may seriously damage Bitcoin.

After 3 a.m. Beijing time on the 30th, the price of Bitcoin, which was less than $6,000 at the time, rose rapidly. In just about an hour, the price of Bitcoin quickly jumped above $6,300, reaching a high of $6,345, up $624.4 from the previous trading day.

After that, Bitcoin's gains narrowed slightly, closing at $6,220.3, up 4.11%.

At the beginning of this year, the price of Bitcoin was less than $1,000, which means that in 10 months, Bitcoin has risen by more than 550%.

As Bitcoin rose, its twin brother Bitcoin Cash also rose sharply. On the 29th, Bitcoin Cash reached a high of $522.95. But soon after, the gains were reversed. As of press time, Bitcoin Cash was $442.38, down 8.93%.

However, whether Bitcoin can continue to be bullish remains an unknown. As the Wall Street Journal editor-in-chief analyzed in the article "Is Bitcoin's worst crisis since its birth "self-destruction" or "rebirth"? ", although Bitcoin has experienced two hard forks, separating Bitcoin Cash and Bitcoin Gold; at the same time, it has also been severely suppressed by regulatory authorities in many countries, but the real crisis facing Bitcoin has not yet arrived. In November this year, Bitcoin will face another hard fork, and this hard fork is caused by the inherent contradictions of Bitcoin. It is inevitable that Bitcoin will suffer a serious loss of vitality after the hard fork.

At present, the market value of Bitcoin is close to 104 billion US dollars, once again surpassing some large companies in the United States. Bitcoin has not only surpassed PayPal, but also once again surpassed the market value of Wall Street investment banks Morgan Stanley and Goldman Sachs.