Bikan offline salon: Digital asset investment becomes an inevitable trend

On June 27, the 21st meeting of the Standing Committee of the 12th National People's Congress was held in Beijing. The meeting reviewed for the first time the explanation of the "Draft General Principles of the Civil Law of the People's Republic of China" proposed by the Chairman's Meeting of the Standing Committee of the National People's Congress. The draft of the General Principles of the Civil Law was officially released, and online virtual property and data information will officially become rights, which also means that digital currencies represented by Bitcoin, virtual currencies represented by online game coins, and data information represented by big data will be officially recognized as objects of civil rights.

As its legal status becomes clearer and its market development prospects become brighter, Bitcoin, a technological product that has been hovering in the gray area for the past few years, has finally been presented to the public with a positive image. The related digital asset investment has also gradually become a topic for the public.

On July 17, a private salon on the theme of Bitcoin and blockchain was successfully held at IC Café in Shanghai. The salon was hosted by Bikan and brought together technology geeks and investment experts from around the world. Bikan founder Liu Aihua, BTCC co-founder and CEO Li Qiyuan, Bitcoin Magazine Asia Pacific COO John Riggins, Ant Blockchain CEO Da Hongfei and other entrepreneurial elites in the digital asset and blockchain community attended the event and shared their experiences.

Bitcoin OTC is in full swing

The world of Bitcoin is changing with each passing day. Under the turbulent tide, Bitcoin OTC is also in full swing. OTC comes from the English word over-the-counter. In the Bitcoin world, except for transactions conducted on special Bitcoin exchanges, any other transactions can be regarded as over-the-counter transactions of Bitcoin. As the trading methods of Bitcoin exchanges are becoming more and more professional, there are certain thresholds for the use of Bitcoin itself, and special reasons require large purchases. For ordinary users, the over-the-counter trading method is obviously more convenient, and it also meets the needs of some users to protect their privacy.

The trading volume of Bitcoin exchanges cannot represent the real market demand and supply of Bitcoin. The OTC market may be able to reflect the real demand for Bitcoin to a certain extent. The largest transaction that can be found so far is worth about 50 million US dollars.

Bikan has targeted the strong demand of the OTC market. After receiving a 10 million RMB investment from Bitmain this year, it quickly launched OTC products, transformed from a media to a traffic portal, and was called the "Bitcoin trading magic tool" and reported by overseas media such as bitcoin.com and cointelegraph. In this private salon hosted by Bikan, Bikan founder Liu Aihua shared a lot of practical information about the mysterious blue ocean of Bitcoin OTC.

He introduced: Currently, the largest OTC trading market is the US dollar, followed by the British pound, and the euro ranks third. There are three important nodes in the Bitcoin OTC link: ordinary users, traders, and platforms. Ordinary users are foreign currency exchangers, traders are foreign currency exchange points, and there are also matching and guarantee platforms. Different from traditional OTC, in the Bikan OTC product, Bikan itself plays the role of a matching and guarantee platform. Liu Aihua demonstrated on the spot that it only takes four simple steps to trade in Bikan OTC: select a trader, place an order, pay, and receive Bitcoin.

As for the market potential of Bitcoin OTC, "from the comprehensive statistical data, it has not yet exceeded the on-site market. In the future, the number of people using Bitcoin will increase, and the more convenient the channel, the more popular it will be."

Liu Aihua introduced the current operation of the Bikan OTC product: "We have been running it for a month now, and the transaction volume has increased very well. So far, the transaction volume has exceeded 10,000 coins. At this stage, users have become polarized. One is large-amount transactions, generally around 500-2,000 coins, and the other is small transactions, averaging around 0.5 coins."

With the good response in China, Liu Aihua revealed, "The next step is the overseas market, and we are now recruiting overseas partners around the world." Taking digital assets seriously

BTCC CEO Li Qiyuan explained his understanding of the importance of digital assets represented by Bitcoin to people. BTC China is the first Bitcoin trading platform in China. Due to his special experience since childhood, he witnessed the importance of assets such as gold to people, which made Li Qiyuan very sensitive to the value of assets. When talking about why he invested in digital assets, he mentioned that before we knew about digital assets, we only thought about the transfer of money, while Bitcoin involves the transfer of value.

When talking about which is more important, Bitcoin or blockchain, Li Qiyuan believes that Bitcoin is far more important than blockchain. Without Bitcoin, there would be no blockchain. At the same time, as more people try private chains, the possibility of failure of these projects will be greater. The technological wave of blockchain

Onchain CEO Da Hongfei introduced the leading blockchain project in China, Ant Financial, as a representative of blockchain projects. Ant Financial is a decentralized network protocol based on blockchain technology that digitizes the assets and rights of the physical world and performs registration, issuance, transfer, transaction, clearing and delivery and other financial services through a peer-to-peer network. Another important business of Onchain is enterprise-level blockchain solutions, providing enterprise users with alliance chain and private chain development, deployment, and operation and maintenance services.

John Riggins from BTC Media shared the US’s views on the development of Bitcoin and blockchain communities in China. Bitcoin Magazine, owned by BTC Media, is the world’s earliest source of blockchain and digital currency industry news, information and expert comments.

John highlighted the fact that 70% of Bitcoin mining is concentrated in China, and mentioned that this would lead to excessive reliance on the Chinese market. In addition, he pointed out that foreign communities are concerned that Chinese miners may have collective power that exceeds software changes, such as the Chinese government may control mining companies. The American community believes that China has the opportunity to become a community leader in the blockchain field because the largest capital focused on the blockchain field is headquartered in Shanghai, China, investing in global projects. John also revealed that BTC Media will soon set up an office in Shanghai.

The salon ended with delicious food and wine in a relaxed and lively atmosphere, accompanied by heated discussions among more than 100 Bitcoin enthusiasts and blockchain entrepreneurs. We can also foresee that as the legal status becomes clearer, innovative technologies are improved, and the scope of application expands, digital asset investment represented by Bitcoin will no longer be a niche topic of discussion.