The Relationship between Bitcoin and the United States (The Relationship between Bitcoin and the USD)

What is the relationship between Bitcoin and the United States? There are two main reasons for the relationship between Bitcoin and the United States. On one hand, the United States has a strong stance on the regulation of digital currencies. On the other hand, cryptocurrency trading platforms and institutions are starting to submit applications to the US SEC for investment. According to Forbes, in the past year or so, more than 50 publicly listed companies worldwide have registered their tokenized stocks or ETF funds on US stock exchanges. This indicates that more and more companies are focusing on Bitcoin, such as MicroStrategy, Square, and other companies actively entering the Bitcoin market.

In history, Bitcoin has been seen as a “high-risk” investment product. With the increasing demand from investors and the growing recognition in mainstream markets, this asset class has gradually become a secure investment tool. However, Bitcoin has always been controversial as an emerging entity. Currently, the US Congress is preparing to debate on how to manage these issues and may even propose a bill to restrict the freedom of US citizens to use their cryptocurrencies, which could potentially lead to a ban on Bitcoin circulation. However, at present, due to the inconsistent policies of governments in various countries regarding this field, it cannot be ruled out that more relevant regulations may be introduced in the future.

The Relationship between Bitcoin and USD

Editor’s Note: This article is from Caibtc.com and has been authorized for republishing by Odaily.

Bitcoin is one of the “greatest” inventions in the field of cryptocurrency and was widely used in 2017. However, as the price of Bitcoin rises, it has also started to attract attention. But its relationship with the USD seems to be very subtle – Bitcoin and the USD have significant differences.

Since 2013, people have often heard about something called “Bitcoin,” which is a term used to mark certain digital assets or commodity values. However, in recent weeks, more and more evidence has shown that this statement is based on facts. Despite the controversies surrounding it, it has been on the rise for several years. In a sense, Bitcoin is becoming more mainstream than traditional markets and is increasingly popular. In fact, in December 2017, the US Securities and Exchange Commission approved Coinbase as an exchange-traded fund (ETF) on its platform. Although the agency was not directly involved in investment, it attempted to achieve this goal by listing companies that include cryptocurrencies in the stock market. But considering that Coinbase has provided investors with a significant amount of liquidity to purchase more products and hold their shares, the prices of these tokens are highly volatile. From early 2017 to April 2019, the price of BTC almost doubled. The bull market trend at that time brought tremendous growth to the cryptocurrency industry, as many believed that companies like Tesla would soon enter the cryptocurrency field.

In addition, some analysts pointed out that due to the scarcity and uncertainty of Bitcoin, its adoption rate far exceeds that of other technologies, especially in the current situation where the demand for Bitcoin is constantly increasing in the market. For example, the founder of Grayscale and CEO of MicroStrategy, Michael Saylor, said, “I still believe that more companies will accept Bitcoin payments in the future.”

Meanwhile, according to Bloomberg, Mike Cowen, the research director of JPMorgan, revealed that the company plans to launch a new tool called “Bitcoin” by the end of this year. He also stated, “If this idea is applied, it may bring a new global macro environment, which will have a greater impact.”

He further added, “One thing we need to realize is that Bitcoin can be used to prove what it is and why it is very useful.” “If you know how to utilize it to solve the above problems, then it is to make all governments around the world understand Bitcoin and the technology behind it.” It is worth noting that…