Bitcoin is still in its infancy as a disruptive innovation

The price of Bitcoin continued to fluctuate frequently in the Asian session on Monday (September 21), continuing yesterday's sharp fluctuations.

The quotes released by BITSTAMP show that Bitcoin/US dollar (XBT/USD) fluctuated sharply and frequently in the range of 229.50-231.50 yesterday. Although the fluctuation range has moved downward on this trading day, the high-frequency fluctuation trend remains unchanged.

The quotes published by KRAKEN show that Bitcoin/Euro (XBT/EUR) fluctuated sharply in the range of 203.50-205.50 yesterday. Although the frequency cannot be compared with Bitcoin denominated in US dollars, it is obviously higher than the previous average level. This trading day showed a fluctuating decline, and the frequency of fluctuations is still at a high level.

The quotes published by Huobi.com show that Bitcoin/RMB fluctuated widely in the range of 1479.90-1491.70 yesterday. The Asian session of this trading day still maintained a volatile pattern, but the fluctuation range moved down.

In terms of industry, ARK Network X.0ETF, an Internet-themed fund under Ark Invest, a US ETF management company, recently purchased Bitcoin assets, the Bitcoin Investment Trust (GBTC). This is the world's first ETF fund that owns Bitcoin assets in some form.

ARK's chief investment officer said, "We believe in the value of Bitcoin as a currency and an electronic platform, and the current price of Bitcoin is a suitable time to buy."

The investment officer also pointed out that Bitcoin, as a disruptive innovation, is still in its infancy, but interest from Silicon Valley, Wall Street and the government is increasing.

It is predicted that Bitcoin, as a digital currency, will have a profound impact on the current $500 billion in intermediate currency payment methods such as credit cards and electronic payments, and will give birth to new companies and industries.