2022 The worst of the richest man, 580 billion yuan "return to zero night"

Under the avalanche, no one is spared!

In the past, the virtual currency market with a total market value of 200 trillion was collapsed. On June 18, Bitcoin, known as the "currency circle belief", once again faults, plummeted by more than 9%in a single day, below the 20,000 US dollar mark. Compared with the highest point in 2021, a total of more than 72%has been. More than 300,000 people "burst out". Under this round of collapse, the entire virtual currency market has evaporated over 2 trillion US dollars (about RMB 13.4 trillion).

Behind the crushing of the super bubble is the extermination of huge wealth. The worst loss was Zhao Changpeng, the "richest man" in the past, and the data from Bloomberg showed that compared with subversive moments, its latest net worth evaporated a total of 85.6 billion US dollars (about 580 billion yuan), a decline of nearly 90%. The speed of burning money is almost "returned to zero overnight."

The continuous interest rate hikes of the Federal Reserve are "drying" the water in the global financial market. Once there is no new funds to enter, no matter how gorgeous the story is. Perhaps the risk of virtual currencies in the future may come from the regulatory storm of governments of various countries.

The worst "richest man", plummeted 580 billion yuan

The "wealth myth" of virtual currency is collapsed.

On June 18th, the belief of the global virtual currency -Bitcoin again avalanche, plummeted by more than 9%in a single day, below the 20,000 US dollar mark. Compared with the highest point in 2021, the cumulative decline has exceeded 72%. More than 300,000 people "burst out".

Data show that this round of Bitcoin's collapse has created the fourth big decline in the history of virtual currency. It is not tragic, and the cold winter of virtual currencies has arrived.

From the perspective of the time cycle, since November 2021, the overall market value of the virtual currency market dominated by Bitcoin has evaporated over 2 trillion US dollars (about RMB 13.4 trillion). The total market value of the currency has fallen below $ 975 billion.

Behind the crushing of the super bubble is the extermination of huge wealth. The big brothers who once rely on the virtual currency to reach the rich list, wealth is shrinking sharply.

According to data from Bloomberg, since November 2021, the value of the top wealthy of the 7 virtual currencies has evaporated more than 114 billion US dollars (about 790 billion yuan). Individual investors who are gambling virtual currencies have also suffered a huge Losses may become the last successor.

Among the list given by Bloomberg, the worst loss was Zhao Changpeng, the "richest man" in the past. According to the data from Bloomberg, only $ 10.2 billion has been left. Compared with the subversion time, the wealth has evaporated by 85.6 billion US dollars (about 580 billion yuan in RMB 580 billion Yuan), the decline is close to 90%, and some comments say that such a fast speed of burning money is very rare, almost "zero night".

According to data, Zhao Changpeng is the founder of Biance, the world's largest cryptocurrency exchange. At the end of 2021, its value was close to 96 billion US dollars (about RMB 100 million). The richest man.

When the peak of the virtual currency, Binance once became the world's largest cryptocurrency trading platform. The total number of users was up to 90 million, the daily transaction volume reached 76 billion US dollars, and the valuation of Binance reached 300 billion US dollars. Zhao Changpeng holds 30%of the shares of Binance as a calculation that its peak value reached 95.8 billion US dollars.

The second place on the Bloomberg's "tragic" list is that the 30 -year -old CEO of the Cryptocurrency Exchange FTX Banker Manfurd, at its peak, its value exceeded $ 15 billion for a while. The cumulative evaporation exceeds 40%.

The third place in the list is that the founder of Coinbase Brian Amsterram, whose value has evaporated from $ 13.7 billion to only $ 2.1 billion, a total of 85%.

Another "tulip foam"?

There is no shortage of bubbles in the world of centuries of financial finance. There is no shortage of bubbles. From the Dutch tulip to the "South China Sea Bubble" in the 18th century, to Japan's real estate, the American Internet collapse.

Now, another round of bubble crashes may be staged.

The continuous interest rate hike of the Federal Reserve is "drying" the water in the global financial market. Once there is no new funds to enter the venue, solve the disk, no matter how gorgeous the story is.

In the future, the Fed's interest rate hike is still certain, and the liquidity of the entire virtual currency market will continue to decline.

In the context of a comprehensive collapse, investors participating in it will become more and more panicked, and the willingness to invest in virtual currencies will also decrease significantly. More and more people are more willing to deposit funds into the bank.

Under the sweeping of Russia and Ukraine's conflict, energy prices have soared, which will greatly suppress the will of downstream consumers, and the overall conduction is almost on the edge of the break.

In the long run, there is no hope for the future of virtual currencies. It is a high probability that it will enter a long -term downward channel, and it will not even rule out that it will eventually become a bubble asset.

At this time, the opinion leader of the virtual currency has been criticized before, and he will do his best to guide public opinion, sing air virtual currency, and further crack down on investor confidence. On June 14, Microsoft's founder Bill Gates strongly criticized cryptocurrency projects such as NFT, and bluntly, this is a scam based on the "Stupid theory".

IMF President Georkeva also said that stablecoins without asset support are a "pyramid scam", implying that the recent collapse of LUNA coins has impacted the cryptocurrency market. In fact, Bill Gates is still "merciless" and does not fully expose the essence behind the virtual currency. At present, most virtual currency transactions are set. The threshold is extremely low. The entire system collapsed.

In May 2022, the two major stablecoin Terrausd and LUNA tokens suddenly collapsed, and the tens of billions of dollars instantly "fascinated", which was a case of bloody dilute.

Greater risk

The greater risk of virtual currencies comes from the regulatory storm of governments of various countries.

Taking Binance as an example, in 2017, it had just encountered the seven Chinese ministries and commissions that suspended token issuance financing. Binance was besieged and helplessly went overseas.

The first thing Zhao Changpeng thought of was that in Japan next door, in 2018, the Japan Financial Agency stopped Yinan and warned it: without obtaining a formal license, it was not possible to provide trading services to the public.

Subsequently, Binance encountered a deportation order in the United Kingdom, the United States, Singapore and other countries. Recently, there are even reports that the US Securities Regulatory Commission is investigating whether Binance is involved in money laundering and tax evasion or providing channels, and whether it is possible to "manipulate markets and insider transactions".

It can be seen that even the global head exchange of virtual currencies is like a "root of no roots". Once the virtual currency market escapes, the exchanges will be more difficult to operate, and the potential risks of investors will be huge.

Under the nest, there is no egg. Under the collapse of regulatory storms and virtual currencies, the value of major virtual currency trading platforms is rapidly evaporated. Taking the largest virtual currency exchanges in the United States, Coinbase Global as an example, its latest stock price compared to the IPO issuance price of 79.6%. The cumulative market value has evaporated as high as 44.2 billion US dollars (about 290 billion yuan).

As the virtual currency plummeted and head players were under regulatory, the currency circle was setting off a round of "layoffs." Among them, Coinbase was the first to announce the layoffs that will lay off 1,100 layoffs around the world and reduce full -time employees to 5,000. The founder of Amsterland said that one of the reasons for layoffs was "market decline".

In addition, Zac Prince, the chief executive of cryptocurrency business agency Blockfi, issued a statement saying that it would reduce about 20%of the 850 employees; Crypto, a cryptocurrency research website, announced that it would reduce 260 employees.

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