Production/Gyro Finance
Institutions are becoming more and more interested in crypto assets and continue to develop more and more complex crypto trading and investment strategies. This highlights that the crypto asset market is growing, which will bring in more institutional funds, and these funds will in turn encourage institutions to further develop products and services. Affected by institutional investors, Bitcoin soared to a height of $16,000 last week.
In the past period of time, the popularity of NFT tokens around art and games has begun to heat up, and the market activity that supports such token transactions has reached its peak in the number of traders and transaction volume. In fact, the development of NFT itself will not burst out instantly and become available to all people. Just as the share of art in the entire economic market is actually a very small part, the outbreak of NFT may take some time to catalyze.
The above is the hot content of the top question and answer last week. For more details, please see below.
The price of Bitcoin hit a high of $16,000 in two years. Who helped this big rebound of Bitcoin? Is it a retail retailer? Or high-net-worth individuals, or institutional investors? (Gyro user @转过头)
Big coffee answer: Mr. Xia Keli
This round of rising prices was mainly driven by institutions, especially several foreign financial institutions, such as Grayscale, which provided the main driving force. As far as retail investors are concerned, the high points of the bull market should be carefully studied and judged in the future. Institutions promote the beginning of the bull market, and in the end it must be the retail investor who is responsible for the market of the bull market.
How long is NFT from becoming popular? From the niche to the masses, how can NFT carry richer asset value? (Gyro user@宏源88)
Big coffee answer: MixMarvel
In the next few years, NFT is likely to show explosive growth, and NFT will carry richer and unique asset value. On the chain of NFT assets, in the short term, it is mainly to realize the digital confirmation and circulation of online virtual assets represented by artworks. In the medium term, future stocks, private equity, etc., and some traditional assets, including real estate, will also be chained through NFT. Of course, it's not just NFT. Once the DeFi gameplay or market mechanism is added, more interesting directions may emerge, and then this liquidity conversion process will be accelerated. In the long run, if combined with the application of the oracle system, we will find that this may greatly speed up the process of physical assets from asset on-chain to transformation of asset stores, thereby further improving the Internet of Value.
Bitcoin broke through $16,000. Will it continue to exceed $20,000 this year? (Gyro user@159****6840)
Big coffee answer: Mr. Xia Keli
At present, there is still more than half a month before the end of 2020. The time is a bit tight. In addition to the fact that institutions are still increasing positions, there is also good news that PayPal is fully opening up cryptocurrency services to US users, with 20,000 per week. U.S. investors are mostly high-income and low-savings for U.S. investors, and they pay more attention to diversified fixed investment. If you expand your investment in Bitcoin, it is not unreasonable for the big pie to break through 20,000 U.S. dollars this year after getting this driving force may. Of course, the prerequisite depends on whether the institution will continue to increase its holdings. The two are indispensable and mutually reinforcing.
Can Bitcoin replace fixed income distribution in some portfolios? (Gyro user @無了眼)
Big coffee replied: Lord Camel has something to say
It is a bit inappropriate to say "replace", but it is still possible to say "addition". After all, Bitcoin has become the strongest asset on the surface in 2020. There is no one. CCTV 2 related columns have been reported. I think that in the next three years, Bitcoin will become more and more in the traditional financial industry.
What is the definition of privacy protection for blockchain? How to look at the blockchain world in the future and how to protect user data privacy. (Gyro user @紫旗)
Big coffee answer: Top Research Institute
The blockchain technology framework defined by Satoshi Nakamoto aims to build a fully trusted network community among parties who do not trust each other through distributed computer programs, but does not rely on any third-party trusted organization. But the way to achieve this is at the cost of complete data transparency among multiple parties. In other words, it is almost completely without privacy. In order to achieve privacy protection on the blockchain, the hash value of the data of all parties is often used on the chain, and the data itself is not on the chain. This method can protect privacy, but it makes the data basically unavailable on the chain, which makes it impossible to achieve the purpose of the blockchain. In order to solve this contradiction and achieve both, a new set of technologies is needed, that is, privacy computing technology, which protects the privacy of data and at the same time allows data to be shared in a functional sense.
I have some doubts. Those products that are not on the chain will also provide information such as logistics, and some products will also have anti-counterfeiting verification codes. How is this worse than blockchain? (Gyro user @土豆条or)
Big coffee answer: Top Research Institute
All functions can also be achieved without using the blockchain, but using a centralized method. But this method needs to rely on a single trusted central agency. In a business scenario of multilateral cooperation, all parties do not trust each other, nor can there be a third-party trusted institution recognized by all parties. At this time, the above method is not feasible. The blockchain can solve this problem.
In recent months, NFT has set off an upsurge, and both the art industry and the game industry have set off an NFT upsurge. In addition, what other application scenarios are NFTs? (Gyro user @whego)
Big coffee answer: MixMarvel
NFT application scenarios are mainly collections, game props, electronic tickets, identity authentication, electronic deposit certificates, etc.
Is the change in the DeFi market the bursting of the bubble, or is it the pain we must go through in responding to calls for a better and more equal financial system? (Gyro user@relatively big rain)
Big coffee answer: imToken
DeFi itself is brought about by liquidity mining, and liquidity mining is costless. A token that is acquired at no cost will definitely go through several washings.
Are tokenized ownership and token economy the future development model? (Gyro user @静下音来)
Big coffee answer: zhuyp
We believe that the tokenization of ownership or asset tokenization must be the future. However, in view of the current policies and laws of our country, tokens are still prohibited, and the only way to combine rewarding bookkeeping tokens with traditional compliant finance.
FBEC2020 and the 5th Golden Top Award
The 2020 Future Business Ecosystem Link Conference and the Fifth Golden Top Award Ceremony ("FBEC2020") is hosted by Top Technology and will open on December 11 this year in the banquet hall on the 6th floor of the Sheraton Shenzhen Futian Hotel. As the annual industry influential event, the Golden Top Award Ceremony has moved towards the fifth year with the progress of the industry. This year's Golden Top Awards set up four major awards : blockchain, games, e-sports, and VR/AR. Based on industry data, online voting, expert review and other annual data, it aims to select the annual industry outstanding enterprises, individuals, and teams , Works to encourage practitioners to make breakthroughs and promote the benign and sustainable development of the industry.
The conference will focus on four core topics: "Blockchain Industry Landing Application", "Blockchain Financial Innovation Application", "Blockchain Technology Innovation Progress", "Blockchain Technology Research Progress and Supervision", bringing together at home and abroad Top industry, academic, and industry leaders have joined hands with many industry celebrities, experts and scholars, well-known corporate executives, and leaders of relevant government units to deeply analyze the industry development context and explore more industry development opportunities! Next, we will conduct a series of exclusive interviews with outstanding industry representatives shortlisted for the Golden Top Award, aiming to unite global high-quality blockchain technology projects, industry pioneers and leading companies to comprehensively deconstruct the technological innovation and evolution of the blockchain industry.