Why does Musk attach so much importance to Bitcoin and Ethereum?

First, let's start with him. In all fairness, Musk has proved his vision and courage. Whether it is paypal before, Tesla in the fire now, or his tireless Mars immigration plan, all show his extraordinary wisdom and action.

Such a person is very active and innovative in the eyes of Americans, and he defines himself in this way.

So why should such a decent person use Bitcoin as one of Tesla's payment methods? Why is part of Tesla's assets allocated to Bitcoin?

We must first understand a basic theorem: income expectation/loss expectation >; 1 Then, it can be executed.

For Musk, behind him is not only himself, but an excellent team. It can be seen from his repeated price reduction by Tesla in Chinese mainland that his team's financial literacy is very high.

The fundamental reason why Musk did this is simple. Because he thinks it is profitable. In other words, the income expectation/loss expectation is greater than 1. As for why he came to this conclusion. It should be said that the impact of the epidemic on the global economy and the large-scale water release by many governments have a lot to do with it.

But this does not mean that for ordinary people, this income expectation/loss expectation is also greater than 1. Because Tesla's assets are not only bitcoin, but also many fixed assets, including a series of policy issues such as depreciation.

As a China person, you may not be familiar with Musk.

However, if Musk has the characteristics of an entertainment circle and a top innovative businessman, it is equivalent to that in China, Jackie Chan+Ma Hua Teng publicly stated that he has invested in Bitcoin, incorporated it into the asset allocation of his own enterprise, and can use Bitcoin to pay for his own products.

There is no need to explain so much. How much impact do you think this news will have?

Of course, we are China, and for various reasons, such things are hard to happen. But the United States is not China, and such a thing really happened.

In fact, Musk's move is icing on the cake for the currency circle. This is not the most important thing. He is more like an accelerated role. The most important role is COVID-19. A series of problems caused by the virus eventually led the government to release water on a large scale. In the absence of GDP growth, many countries still exceed the huge amount of fire money.

Take Biden's plan to release $65,438 +0.9 trillion this time. The total market value of Bitcoin is only 1 trillion, which can't even accommodate Biden's actions. Released so much money, but not so much practical value. So where will these' bubbles' like water go?

Back in 2008, when the subprime mortgage crisis appeared, Satoshi Nakamoto withdrew and published a white paper on Bitcoin.

Now 202 1, the economic crisis triggered by COVID-19 is actually the real reason for detonating the currency circle.

Musk just took advantage of the trend.