Recently, while the price of Bitcoin has been climbing, analysts at JPMorgan Chase, a prominent investment bank in the United States, issued another statement of skepticism about Bitcoin, arguing that it’s currently trading at a much higher price than its fair value.
During the second half of 2020, Institutional investors and big money have become increasingly interested in cryptocurrencies, buying up digital currencies like Bitcoin to fend off inflation. Ethereum (ETH), by contrast, is a much more attractive asset that justifies being the "first cryptocurrency" for every investor.
Over the past year, the price of Bitcoin keeps climbing and it recently shot above $18,000, approaching its all-time high in 2017 with a year-to-date rise of 150%. Some financial experts firmly believe that the current price is just a warm-up, and it sets to rise above $100,000 by 2021.
Nowadays, digital development makes it easier for enterprises to trade, but the complexity of B2B international trade has not been reduced, and the trust between buyers and sellers is still the core obstacle to cross-border trade.
Jiang Guofei, the vice president of Ant Group and president of Intelligent Technology Business Group, said that blockchain is absolutely not only an Internet technology, but also a tool to link industries and "build roads" in the digital economy.