BTC outperformed gold, and venture capital funds invested $17 billion in cryptocurrencies.
On June 21, in response to relevant remarks made by some gold supporters and bitcoin opponents, gray founder Barry Silbert said that bitcoin still performs better than gold funds. According to ZB Research Institute, the performance of bitcoin in the first half of 2021 has surpassed that of stocks, bonds, commodities, oil and currency. Considering the sell-off behavior of the US stock market, the first quarter return of the S & P 500 index will remain around 0% in the first half of 2021. Bitcoin is even better than stocks.
On June 21, according to pitchbook, venture capital funds have invested $17 billion in crypto companies in the first half of 2021. This is the most fund-raising year in a single year, almost equal to the total amount of funds raised in previous years. ZB Research Institute believes that the overall investment income performance of cryptocurrency exceeds that of gold, bonds and commodities. There is no doubt that the capital of venture capital funds entering the cryptocurrency market will inevitably drive the transaction demand of cryptocurrency. At present, the mining cost of global mines and mines has been rising sharply, which will also become the driving factor for the rising value of cryptocurrency.
According to ZB exchange data, as of the morning of June 21, 2021, the total value of cryptocurrency market was US $1.3 trillion, bitcoin was at US $35000 for short-term consolidation, and the price of single currency had increased by more than US $2000 compared with the lowest price on June 20. Currently, Bitcoin fund holdings have hit a four-month low. U.S. and Canadian closed-end funds and Canadian and European exchange-traded funds (ETF) Bitcoin holdings fell to 782558 (valued at approximately US$28.72 billion), the lowest level since February 25. In the past 72 hours, Its holdings have been reduced by more than 15,000. Some analysts believe that this was one of the reasons for the sudden drop in Bitcoin prices on June 20.
In terms of NFT, according to the statistics of ZB Research Institute, the total market value of the top 100 NFT tokens is now over 19 billion US dollars, about 19.12 billion US dollars. According to market value, the top three NFT tokens are THETA (US $8.519 billion), XTZ (US $2.530 billion) and CHZ (US $1.549 billion).
On June 21st, the official website of the United Nations issued a document “Sustainable Solution or Climate Disaster?” The dangers and prospects of cryptocurrency technology. The United Nations believes that blockchain may be beneficial to those who fight the climate crisis and contribute to a more sustainable global economy. UN experts believe that cryptocurrency and the technology (blockchain) that powers it can play an important role in sustainable development and can improve the management of the environment.
ZB Research Institute believes that as far as the United Nations is concerned, the transparency of cryptocurrency based on blockchain technology is a token of value that can conform to the structure of the United Nations. Because blockchain can prevent tampering and fraud, it can provide reliable and transparent transaction records, which will effectively curb the breeding of corruption in the United Nations.
Research by the World Food Programme (WFP) shows that blockchains can help ensure that cash reaches the people who need it most.
On June 21st, Resorts World Las Vegas will cooperate with cryptocurrency exchanges and trustee Gemini, and will accept cryptocurrency for specific services when it opens on June 24, becoming the first casino resort to accept cryptocurrency payments.
On June 21, according to the ZB Research Institute, the Central Bank of Portugal granted an operating license to the cryptocurrency exchange for the first time. In an official statement, the Central Bank of Portugal announced that it identified the two exchanges as “virtual asset service providers”. It is the first time the country’s exchanges have been licensed to operate since a new law on crypto trading platforms came into effect earlier this year.
On June 21, it was reported that 300 “Coinme” have been launched in Florida, where users can exchange cash for bitcoin.
On June 21, it was reported that HiveBlockchain, a Canadian cryptocurrency miner, announced that it had been approved for listing on Nasdaq, and the specific listing time has not been announced. Meanwhile, HiveBlockchain will continue to be listed on TSXVentureExchange, the secondary stock exchange of Canada, with the trading code of “HIVE”.
