After El Salvador became the first country to use Bitcoin as its domestic legal currency, New York City began to adopt Bitcoin. A large real estate company in New York announced that it would sell real estate in some areas to purchase Bitcoin, and provide financial support for mainland China and Hong Kong. Buyers from all over the world have opened this transaction!
Not the real estate company alone, but the famous car company Tesla also supports the use of Bitcoin for settlement. Why do so many industry giants favor Bitcoin so much? Where is the value of this "semi-financial product" that is extremely volatile and has no government credit endorsement?
Bitcoin's ups and downs
It is no secret that Bitcoin halved in four years. It is almost a well-known thing in the industry. Every halving of Bitcoin will usher in a wave of price increases. Today, Bitcoin has experienced three halvings. , The price has risen all the way from twelve U.S. dollars, reaching as high as fifty thousand U.S. dollars at its peak.
Some people may not understand the concept of fifty thousand dollars. One bitcoin can buy a house in third- and fourth-tier cities. If you are lucky enough to buy dozens of bitcoins ten years ago, congratulations, Beijing, Shanghai and Guangzhou, you can choose whatever you want. A city settles down, but our country does not support Bitcoin settlement, and the country is actively cracking down on the hype of virtual currency.
Maybe they are preparing for the fourth cutting-half?
We all know that stocks need to be bought low and sold high to make money. There are many leeks in the stock market. Some people are stuck, some people can't hold back and are cut off, and only a small number of people make money. The same is true of Bitcoin. The price of Bitcoin is already very high. Why do these industry giants have the idea of Bitcoin?
There is only one truth, and that is the relatively low price of Bitcoin today. Their business sense tells them that after the fourth halving of Bitcoin is over, Bitcoin will usher in a new price, which is worth their toss about now.
Or, they are simply trying to resist inflation, after all, the printing press in the United States has never rested.
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