Golden Trend丨How long will it take for BTC to hit a new record high?

From the long-term historical trend chart of BTC, it can be found that the first output was halved in November 2012, and in the next three months, BTC broke through the peak of 2011 and set a new record high. The big bull market, and after the second halving of output in July 2016, it took 6 months for the currency price to touch the 13-year peak and then fall back to gain momentum, and finally in the second halving after the second In 9 months, that is, in April 2017, the price strongly broke through the 13-year peak and set a new record high again, followed by a 17-year bullish market.

Jinse Finance mining data broadcast | BTC’s network computing power rose by 4.22% today: Jinse Finance reported that according to the data from the spider mining pool:

The computing power of the entire ETH network is 176.870TH/s, the mining difficulty is 2237.85T, the current block height is 9757026, and the theoretical income is 0.00797196/100MH/day.

The computing power of the BTC network is 100.098EH/s, the mining difficulty is 13.91T, the current block height is 623258, and the theoretical income is 0.00001807/T/day.

The BSV network computing power is 2.467EH/s, the mining difficulty is 0.36T, the current block height is 628110, and the theoretical income is 0.00072958/T/day. [2020/3/28]

At present, the third output will be halved on May 12, so how long will it take to set a new record high this time? According to the time period after the previous halving, the first time is 3 months, the second time is 6 months, and the second time is 6 months. The second final breakthrough is in the 9th month after the halving, and the time required is gradually increasing, so it is roughly speculated that BTC will set a new record high again, which may be 9 months after the halving, that is, 2021 After February of 2019, the time to finally form an effective breakthrough may be delayed. Of course, this is the result of speculation based on long-term data, and the specific trend evolution needs to be further observed later. At present, the general structure is still a bullish trend, and the general direction remains optimistic about the market outlook.

Golden Morning News | Ren Zhengfei: China can issue its own Libra: 1. The US prosecutor BTC-e exchange and its executives filed a formal prosecution.

2. Foreign media: sources said that Bakkt plans to launch in the third quarter, but some plans are risky.

3. Ren Zhengfei: China can issue its own Libra.

4. The IRS says it is sending warning letters to U.S. cryptocurrency owners.

5. The drafter of India's cryptocurrency bill leaves.

6. V God: I hope that the login of Ethereum can be standardized.

7. MIT researcher accuses Facebook of plagiarizing its thesis results on the design of Libra.

8. Forbes: Facebook may be launching two versions of Libra.

9. Bloomberg: As large companies such as Fidelity and Facebook enter the encryption field, supervision and transparency may improve. [2019/7/27]

Golden Relativity | SGD Blockchain Wang Lei: The future of stablecoins is offline: In this issue of Golden Relativity, regarding the discussion of stablecoins, SGD Blockchain Vice President Wang Lei said: Stablecoins are more used today in the secondary market to avoid The role of risk, but the future of stable currency is offline, in the retail consumer market, but the premise of all this is that there is such a stable currency that can obtain a broad consensus and a complete stable currency circulation infrastructure. The consensus of stable currency is not only a transaction It is necessary to obtain consensus among a wide range of commercial entities, supply chains, and consumer groups. [2018/9/20]

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