Bitcoin fell below the $20,000 mark. What is the future trend of virtual currency?

Today is August 3 1. According to the latest report, Bitcoin, the most valuable and famous virtual currency in the world, has fallen at an unusually fast speed, and recently fell below the $20,000 mark, which has also attracted everyone's attention to virtual currency. With Bitcoin falling below the $20,000 mark, many virtual currencies, such as luna coins and dogecoin, have declined to some extent, so some people doubt whether virtual currencies are still worth investing. What will be the future trend of virtual currency?

First, the future trend of virtual currency will fluctuate, certainly not stable, but it will always float. Virtual currency has two characteristics, which determine that virtual currency will not be stable. The first is that virtual currency has no entity, and it is completely circulated through Internet computer science and technology. This means that there is no corresponding physical object to save virtual currency at present, especially in today's abnormal development of computer science and technology, virtual currency will naturally have great risks. The second is that the price of virtual currency depends entirely on the prices of other markets. For example, the famous LUNA currency is linked to another currency, and then this currency is linked to the US stock market for trading. In the end, the turmoil or accidents in the American stock market will be reflected in the virtual currency, so the virtual currency will definitely be unstable in the future.

Second, virtual currency will definitely decline in the future, but it will be stable to a certain extent. From the demand side, the existence of virtual currency is actually people's yearning for some kind of investment, so virtual currency will still exist, but a single virtual currency is likely to have a big gap, but the overall market of virtual currency will definitely present a relatively stable situation, because everyone's investment intentions are the same, and there is no other investment like virtual currency at present.

I hope everyone must be cautious when investing!