The soaring price of Bitcoin the new internet currency has caused market concern of Bitcoin bubbles. China central bank being the first to strengthen the regulation on Bitcoin shows that the country is concerned that Bitcoin may pose risks to the legal currency. ANBOUND research team agrees with the central bank's regulatory approach. Although the regulation may not be able to burst the Bitcoin bubbles immediately but it will increase Bitcoin’s volatility and make it no more than an effective speculation tool that cannot achieve further breakthrough.