Bitcoin surged by 1,000 yuan in three days, reaching a new high of 4,800 yuan

According to the bitcoin price information provided by Soso Bitcoin on June 13, the highest price of bitcoin today reached 4,800 yuan, a daily increase of more than 10%. Yesterday, bitcoin soared, with the highest price reaching 4,344 yuan per unit, which was the first time in two years that bitcoin broke through the 4,000 yuan mark, and set the highest price since February 2014.

In early June, the price of Bitcoin surged by 34%, triggering another round of attention. According to reports, analysts believe that the driving force behind this round of increases mainly comes from domestic sources.

Huobi co-founder Du Jun said:

"The main reason is that investors are pursuing high-quality investment products. The halving of production will lead to the expectation of reduced supply, breaking the previous balance of supply and demand, and is therefore generally considered to be a real positive. This positive will be digested by the market in advance. In a recent user return visit on Huobi.com, it was found that more than 63% of users have invested in stocks, precious metals, foreign exchange and other investment products, and have recently turned to Bitcoin."

Du Jun also said that more than 80% of users know that Bitcoin will be halved, and are optimistic about the upcoming market. Secondly, in the past year, digital currency and the blockchain technology behind Bitcoin have been widely recognized worldwide, and countries have also enacted legislation and supervision on Bitcoin, which objectively popularized Bitcoin to the general public and created a better social environment for the development of Bitcoin. Finally, Bitcoin is regarded by many investors as a new type of global safe-haven asset similar to gold. The mainstream investment market has been weak recently, and the public needs new investment channels. Among the recent return users of Huobi.com, 13% of users buy Bitcoin as a safe-haven asset."

Regarding the current rise, OKCoin founder and CEO Mingxing Xu added:

"Recently, the blockchain technology underlying Bitcoin has been sought after by the world, so the attention paid to Bitcoin has also greatly increased. As the safest digital currency, Bitcoin's applications and potential are yet to be developed, and we also have confidence in Bitcoin."

Bitcoin once hit an all-time high of 8,000 yuan per coin in 2013, but under the suppression of Chinese regulators, the price of Bitcoin has been falling all the way, falling to a low of 1,000 yuan per coin.

Although the current upward trend is impressive, if investors want to get involved, they still need to understand the development of blockchain technology and the development of Bitcoin applications, and they need to have a comprehensive understanding of digital currencies.