Bitcoin may become an important way to pay for e-commerce

The report says Bitcoin could become an important way to pay for E-commerce and a strong competitor for traditional money-trading providers. As a medium of exchange, Bitcoin has obvious growth potential, but its higher volatility risk will hinder its becoming the mainstream electronic commerce payment method.

The following is a summary of the contents of the report:

Anti-jamming, limited supply: We believe that Bitcoin may become an important form of electronic commerce payment and may become a powerful competitor for traditional money-trading providers. We believe that Bitcoin has a significant growth potential as a medium of exchange.

Was eventually restricted to the black market: it had previously been reported that Bitcoin could help users avoid higher taxes, capital controls and levies. China's share of all bitcoin transactions is highly correlated with Bitcoin's price and is still rising. This means that since all Bitcoin transactions are publicly available, each Bitcoin has a unique transaction and cannot be changed. As a result, it may end up being limited to use on the black market.

Volatility: The role of Bitcoin as a value collection will affect its ability to survive as a trading medium. As a kind of speculative activity, its higher volatility risk will hinder its becoming the mainstream electronic commerce payment means.

Is Bitcoin a bubble? Suppose Bitcoin becomes: 1 The main competitor of e-commerce and capital circulation; 2 becomes a value collection similar to gold and silver, we think its maximum market value is 15 billion US dollars (1 bitcoin = 1300 US dollars). This means that Bitcoin's 100 times-fold rise this year may be at risk of exceeding fundamentals.