CCTV's report on Bitcoin means that it is about to peak?
CCTV's financial channel mentioned Bitcoin again. For example, in the picture below, it is mentioned that Tesla's income from investing in Bitcoin for a month exceeds the income of selling cars for a year. It is a bit scary to think about it. Just buying and holding BTC, The rate of return actually exceeded the income of its main business.
According to institutional analysis, Tesla earned nearly US$1 billion in book profits through Bitcoin last month, which has exceeded the income from selling electric vehicles last year.
It is true that not only Tesla has benefited from investing in Bitcoin, but many listed companies hoarding Bitcoin have made a lot of money from Bitcoin. Judging from the current price of BTC, whether it is Bitcoin purchased at any time before, if If you have been holding it and not selling it, you will be profitable until now, that is, BTC does not have any lock-ups, which is something no financial investment product can do.
The listed company MicroStrategy has benefited a lot from investing in Bitcoin, and has made multiple financing purchases. MicroStrategy’s holding of Bitcoin not only has considerable income, but also drives up the price of its own company’s stock, which has risen many times within half a year.
For a listed company, a certain amount of cash reserves is necessary. If the current speed of money printing by central banks around the world is followed, the listed company will have to bear a certain amount of inflation loss every year if it holds this part of cash, so this part of funds is also inclined to Some companies have purchased real estate in the investment and financial management with higher returns. For example, especially in the past ten years, housing prices in our country have risen rapidly. If a listed company owns a large number of real estate, it may sell a few houses a year. The income is more than the income of the company's main business. This is the same as a listed company holding bitcoins. They are nothing more than high-quality assets. If the company’s main business declines, at least there are still some high-quality assets that can be sold to support the company’s operations.
In fact, it is more than just a company. For us personally, I think we should try our best to"work + investment"Let's walk on two legs together, hold high-quality assets in your hands, even if you make less money at work, at least you still have high-quality assets in your hands that can be realized, and you will feel more confident in your heart.
For most ordinary people, it is definitely not possible to make a lot of money just by going to work."work + investment"I think the route is suitable for most ordinary people. Even if you live in a third-tier or even eighteenth-tier city, you can still make money through investment. Investment products like Bitcoin and other cryptocurrencies are very suitable for us. As long as you are right, as long as you are optimistic about the long-term, you can use part of your salary income to invest in Bitcoin or other high-quality cryptocurrencies every month. After a few years of precipitation, your income will far exceed people around you.
Regarding CCTV's report on Bitcoin, some friends think it may be a signal that the market has peaked. After all, this is not the first time that CCTV has reported on Bitcoin in this wave of market. In fact, I think the market should not peak so quickly, so let me share my understanding.
First of all, the volatility of Bitcoin is not as large as before. Of course, this is mainly because more and more well-known listed companies, university endowment funds, and even insurance funds, pension funds and other institutions have begun to enter the market. For example, these institutional investors will hold coins for a relatively longer time. Take Tesla as an example, they should not sell so quickly, at least not as frequently in and out as retail investors. Bitcoin itself accounts for it. The cash reserves are only about 10%. Besides, the main business is good, and there is no need to sell bitcoins to maintain operations, so institutional investors hold them for a longer period of time. When more and more coin hoarding institutions start hoarding bitcoins For a currency, its price fluctuations are not so large. For example, when it falls, it will not drop by 40% as quickly as before.
Secondly, as long as Bitcoin is relatively strong, other currencies will last longer. For other cryptocurrencies, Bitcoin can be understood as fundamentals. If Bitcoin does not plummet, the market will not end so quickly.
Take the BNB callback the day before yesterday as an example. Even though BNB has pulled back by more than 20%, it seems that its influence is very limited. It didn’t bring about a crash. Basically, the BNB callback has the most impact on Binance Smart Chain. The currency of the BSC sector, others such as the ETH sector and the Polkadot sector, seem to have risen. You must know that in the cryptocurrency industry, BNB’s market value ranks second only to BTC and ETH, and its proportion in the total global cryptocurrency market value is increasing. At the same time, the impact seems to be only partial, and the impact on the market is not great.
Moreover, BNB rebounded quickly in the past two days, and the price recovered quickly. For BTC, the price continued to break through the previous high. ETH, which has the second market value, is also relatively strong. , but it is moving forward steadily, which shows that the current market is indeed very good and strong. Even if the price has a callback (a callback is bound to happen), the decline is not very large.
Therefore, if the market peaks and is about to collapse, I think the high probability will start with the collapse of BTC, but it seems that the overall market is improving now, and it may be too early to talk about a collapse. Even if there are some sudden bad events, it seems The good market of Bitcoin can also be digested quickly.
Let’s look at some domestic media’s views on Bitcoin. The words used are much milder than before. We can clearly feel that there are fewer and fewer voices saying that Bitcoin is a scam, and the tolerance for Bitcoin is becoming more and more There are too many, in fact, not only in China, but also in foreign countries, some bigwigs have also changed their views on Bitcoin. For example, recently Bill Gates no longer sings empty words about Bitcoin, but holds a neutral attitude.
Of course, the above is just my personal opinion. Maybe what I said is wrong. You still have to make your own independent judgment when investing, and make decisions based on your own judgment on the market.
