Bitcoin surge is unlikely to occur again

The Internet Finance Laboratory of Tsinghua University's PBC School of Finance and Bitcoin trading platform Huobi.com jointly released the " 2014-2016 Global Bitcoin Development Report" , which elaborated on the birth of Bitcoin, industry layout, financing situation and transaction data analysis.

It is understood that this report is the first research report in China that comprehensively analyzes the development of global Bitcoin. When interpreting the report, Zhu Jiawei, vice president of operations at Huobi, believes that unless there is significant positive information about Bitcoin, such as the advancement of applications, it is unlikely that Bitcoin will experience a sharp rise in price after the halving.

In his opinion, Bitcoin experienced its first halving from 2009 to 2012. During the first halving cycle of Bitcoin, the price of Bitcoin rose from zero to a maximum of $ 30 . What drove the price up was people's recognition of the value of Bitcoin, not the change in supply. Therefore, Bitcoin did not see a big rise before and after the first round of halving.