As the price of Bitcoin hits a new all-time high, the virtual currency market in the Philippines has become hot again after two years. "Gold farmers" who are eager to get rich have put aside their main jobs and are trying to make money by playing games. In some network games that involve farming and other activities, players can earn tokens by completing simple tasks, which can be exchanged for virtual currency and ultimately converted into common currency. This has given rise to a new profession known as "professional gold farming". The report states that after exchanging tokens for Philippine pesos, the income of ordinary "gold farmers" can usually reach twice the country's minimum wage.

According to related statistics, about 30% of global "gold farmers" come from the Philippines. In addition, more than 40% of Filipinos do not have bank accounts. The combination of the developed virtual currency industry and the weak financial industry has led to frequent chaos, and in some areas of the country, virtual currency can even replace the peso.