Bitcoin, which has been silent for a while, has ushered in a continuous upward trend

Bitcoin, which has been quiet for a while, has recently received good news. Since the central bank held a digital currency seminar on Wednesday this week, Bitcoin has ushered in a continuous upward trend.

Yesterday, Bitcoin continued to appreciate in the early trading, and once appreciated to 2,873.57 yuan around 7:30, an increase of 14% from the low point on Wednesday. Although it fell slightly afterwards, it remained at a high level.

In fact, Bitcoin began to strengthen after the central bank released the relevant meeting content on Wednesday night. From around 20:30 to 23:15 in less than three hours, Bitcoin rose by nearly 10%.

The central bank said that issuing digital currency can reduce the high cost of issuing and circulating traditional paper currency, improve the convenience and transparency of economic transaction activities, reduce illegal and criminal activities such as money laundering and tax evasion, enhance the central bank's control over money supply and circulation, better support economic and social development, and help realize the full realization of inclusive finance.

At the same time, the central bank stated that with the development of information technology and the evolution of technologies such as mobile Internet, trusted and controllable cloud computing, terminal security storage, and blockchain, payment methods around the world have undergone tremendous changes. The development of digital currency is bringing new opportunities and challenges to the central bank's currency issuance and monetary policy.

It is worth noting that among the institutions invited to attend the meeting, there are also people related to Bitcoin trading platforms. The central bank meeting is seen as very positive by the industry. Li Lin, founder of Bitcoin trading platform Huobi.com, said that this is the first time that the central bank has expressed a clear attitude towards digital currency since the five ministries and commissions of the central bank issued a notice on preventing Bitcoin risks on December 5, 2013.