In 2020, Bitcoin started from the lowest point of US$4,000 and experienced 5 rounds of rapid rise. At the beginning of the new year, the Bitcoin’s price curve was higher and higher, reaching a high of US$50,000. On March 13, Bitcoin once again set a record high of US$60,000. Many people were shocked. The biggest and most public reason for Bitcoin’s skyrocketing is the Federal Reserve.
Since the Fed announced unrestricted quantitative easing last year, a large amount of liquidity has been released to the market. As a result, investors worldwide panicked to look for things to keep in value, trying to keep the money in their hands from depreciating.
What are hedging assets? High-tech stocks are one of the categories which has been relatively unaffected by the epidemic. Anyway, due to the epidemic, and there is no way to go out to work. I watched video at home such as Musk’s SpaceX. In addition, those assets that are limited in number and have natural scarcity are also welcomed. For example, real estate, gold, and Bitcoin as we are going to talk about it today.
The influx of funds completely activated the Bitcoin market that had been quiet for two years.
But today we will not talk about how the Fed loosen the policies, but the more direct and secret Bitcoin price promoter, which is the Grayscale Trust. The Grayscale Trust not only has a cool name, but the business it does is also cool. As the name suggests, it is to be a bridge connecting the black and white.
Bitcoin has not had a good reputation for a long time, and it is not under the supervision of any government. Therefore, for large institutions to invest in Bitcoin, they must bear the risk of being checked by the regulatory authority. Besides, there are a lot of trouble after purchase it, what if you get hacked by hackers? Which Bitcoin wallet should I store in? These things may not be a problem for retail investors, but they are a big problem for institutions.
With that, Grayscale Trust took over this trouble. In a sense that I will buy it for you and keep it for you. All you need to do is to buy my trust products. In this way, the path for large institutions to invest in Bitcoin is introduced. It is a legal institution directly bound by the SEC, and it can legally issue trust products. On the other hand, Grayscale Trust is mainly engaged in the business of cryptocurrency. It has nine trust products, the largest of which is the Bitcoin trust product.
We set our sights on the NGK. Recently, the official launch of our trading platform, namely the NGKEX has handling fee lower than 2.5% of Grayscale, and it is directly subject to the SEC like Grayscale Trust. This means that the NGKEX can issue products legally. In addition, it holds an MSB license issued by the U.S. Department of Treasury. The NGKEX has bank-level security assurance, multi-level firewall, multi-signature, hot and cold isolation wallet. Its technical team rotates 24 hours to ensure the platform security of user’s encrypted assets and transactions. The ultimate trading experience of NGKEX provides efficient matching engine system, high flexibility, and high scalability architecture design. The NGKEX creates a smooth, non-stuttering, and friendly interface, providing a simple, safe, and efficient operation.
