Are Bitcoin and Ethereum legitimate assets?
Over the past few days, Beijing and Shanghai have successively introduced regulatory policies, making some investors at a loss. On the one hand, they speculate on where the next regulatory policy will go. .
So are there any coins that will not be suppressed by the policy or will be suppressed by the policy very little? In other words, are there any coins that are officially recognized?
In fact, there are, but it is impossible for the official to issue a formal statement on such a matter. Because before the country officially liberalizes digital currency transactions, in order to control financial risks, it is necessary to adopt more cautious formulations and statements about digital currencies. Even if certain digital currencies are recognized, they will only be in the form of a side and relatively obscure. Tell everyone.
This requires us investors to carefully read various official documents and carefully figure out the words used in them.
In the previous article ""Learning Powerful Country" APP Launches 'Introduction to Blockchain Technology' Video Course, Popularizing Blockchain for Tens of Millions of People", I wrote that there are 25 episodes of this course, including "Bitcoin Introduction, Introduction to Ethereum and Smart Contracts".
This is actually a very official official statement on "Bitcoin" and "Ethereum". We must know that this platform is for tens of millions of party members to learn, and a learning platform for the whole party must be cautious in content selection and think twice.
On November 11, Xinhua Daily published another article: "Bitcoin: The First Successful Application of Blockchain Technology". Even if I don’t read the content of the article, I can guess that for the sake of caution, the advantages of Bitcoin will be listed one by one, and then the risks of Bitcoin will be highlighted.
Xinhua Daily is sponsored by the Jiangsu Provincial Committee of the Communist Party of China. Such a positive evaluation of Bitcoin in the provincial party committee’s propaganda tongue must have been considered and tacitly approved by all parties.
Even though the regulatory documents issued by Shanghai on November 14 issued stern statements and warnings on exchanges, currency issuance, etc., some positive information can still be read from it.
There is a passage that reads: "Secondly, on the grounds of 'blockchain application scenarios landing', etc., issue virtual currencies in the form of 'xx coins' and 'xx chains' to raise funds or virtual currency such as Bitcoin and Ethereum. currency".
This statement can be understood as treating Bitcoin and Ethereum as a transactional asset. It is believed that this method of raising funds in the form of issuing coins and issuing chains is equivalent to defrauding investors of their protected assets, so in order to protect the interests of investors, this practice must be strictly cracked down.
If Bitcoin and Ethereum are not recognized and regarded as a bunch of worthless things, then issuing coins and chains to exchange these "worthless" things is just a game, and there is no need to make a solemn statement in this way .
Therefore, all the above signs show that Bitcoin and Ethereum are fair, reasonable and legal assets.
I wrote in the early article about what kind of digital currency institutional investors will buy. For large institutions, their first consideration when investing in digital currency must be low policy risk, and then consider good liquidity and high consensus. If an investment target faces huge policy risks and may be banned by regulation at any time, how can those billions of billions of dollars dare to come in?
This is why I have been repeatedly emphasizing Bitcoin and Ethereum in my articles. The risk of holding these two coins is extremely small, and there is little need to worry about being affected by regulation.
