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Digital currencies are often accompanied by many uncertain and unstable factors.
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Some people think that Bitcoin is a huge scam. Although the current price is scary and the returns are high, when reality bursts the bubble, Bitcoin will be worthless, and the collapse of the building will follow. .
Therefore, when Tesla decided to invest in Bitcoin at the beginning of this year, it was questioned by the outside world, but the company insiders also expressed concern.
But Tesla’s CEO Elon Musk has never played the cards according to common sense. He said that his decision was not for investment purposes, but to maximize the return of cash. At that time, Musk decided to invest in Bitcoin and at the same time announced that the United States will support the use of Bitcoin to purchase all Tesla models. In the future, it may also be possible to promote the Bitcoin payment method globally.
At present, whether it is for investment purposes or not, Musk is not earning less.
When Tesla decided to invest USD 1.5 billion in Bitcoin in January this year, the price of each Bitcoin was between USD 29,000 and USD 37,000. Now, just three months have passed, and the current Bitcoin price has broken through. 60,000 US dollars each. Even if Musk bought Bitcoin at the highest price of USD 37,000 each, USD 1.5 billion has now become USD 2.3 billion. In other words, in just three months, Musk relied solely on Bitcoin. The investment has made a net profit of 800 million US dollars. If you buy 1.5 billion US dollars of Bitcoin at the lowest price of 290 million US dollars at the time, the current market value will exceed 2.8 billion US dollars, which means that the income will be as high as 1.3 billion US dollars, and the income will almost double. I have to say that the speed of making money is really no one.
Throughout 2020, Tesla’s car-building revenue was US$721 million. In other words, after working hard on research and development, Master’s Tesla’s revenue for a whole year is not as good as investing in Bitcoin for 3 months at home. Earn a lot of money.
This series of Bitcoin’s surge is not unrelated to Musk’s own marketing. It is precisely because of his investment in Bitcoin. He often supports and shouts for Bitcoin on various occasions. He believes that Bitcoin is the people’s , Is of the world.
But in fact, such a blind cry is mixed with many of Musk’s personal interests. The danger of virtual currency is always present. Some people may think that so many people are making money on Bitcoin, and so many giants recognize that Bitcoin must have it. However, it always exists virtually and cannot be stored stably. Once credit problems occur in the United States, at least investors in other countries must be the first to suffer.
Coinbase, the largest bitcoin trading platform in the United States and other digital currency trading platforms, landed on Nasdaq, which also made bitcoin prices hit a new high. Throughout 2020, Coinbase’s revenue was US$1.277 billion, and its profit was US$322 million. In the first quarter of this year, Coinbase’s revenue was US$1.8 billion, an 8 times increase over the same period last year, and its net profit soared 25 times. It is reported that Coinbase may surpass UBER and ABNB to become the largest unicorn company. By then, digital currency will become one of the industries with the highest return in recent years.
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