News of Bitcoin's surge took over the Internet, and experts reminded investors to diversify their investments

Bitcoin has been the headline of recent financial news. Bitcoin has repeatedly set new highs, and the price of Bitcoin on OKCoin (www.okcoin.cn) has also been rising. The price of Bitcoin has risen to its highest level since 2014, and the market value of Bitcoin has also reached an all-time high. Bitcoin has become the most sought-after asset of the year. As 2016 draws to a close, Bitcoin has broken through many obstacles and its market value has soared to an all-time high.

According to the market data of OKCoin in the past five months, the price of Bitcoin has continued to fluctuate and rise, reaching the highest price since the Mt Gox incident. Bitcoin's outstanding performance under the influence of many factors has made many Bitcoin users ecstatic.

The decentralized and limited nature of Bitcoin is the main reason why Bitcoin is recognized and accepted. The date when the price of Bitcoin broke through $850 came earlier than expected. Judging from the current situation, Bitcoin's position will be further consolidated before the market returns to normal. Bitcoin is a "digital asset" with inherent deflationary properties. It is not surprising that Bitcoin has once again become a choice for people to hold for a long time or speculate in the short term. In addition, Bitcoin has unique properties similar to gold, including limited total amount, so it has room for appreciation as an investment commodity.

Blockchain is the biggest support

Unlike short-term factors such as changes in supply and demand and the entry of speculators that cause large fluctuations in Bitcoin prices, the blockchain technology behind Bitcoin is being recognized and vigorously developed around the world, and may become the biggest driving force for the long-term rise of Bitcoin.

Since 2015, the concept of blockchain, the cornerstone of Bitcoin technology, has become the most talked-about topic in the global innovation field, especially sought after by venture capital funds. In 2015 alone, the scale of venture capital invested in Bitcoin and blockchain-related start-ups around the world reached about $480 million, and in the first quarter of 2016 it reached $160 million.

OKCoin founder and CEO Xu Mingxing finally reminded investors who buy Bitcoin to diversify their investments, as high returns are often accompanied by high risks. Historical trading data shows that Bitcoin prices have both soared and plummeted.