When the two YOLO assets meet in the Z era, what impact will Tesla's investment in Bitcoin have?

YOLO, You Only Live Once, was originally a trademark. Under the reproduction of popular culture, YOLO has become a kind of spirit: you can only live once, live wonderfully, once is enough.

No one expected that in the capital market full of surprises, YOLO has evolved into a The new spirit, this spirit guides the direction of the leeks in the battle of "GME leeks and institutions": rush! Stud! Daring Stud! No regrets!

The so-called Z era investors’ favorite two YOLO asset leaders, Bitcoin (BTC) and Tesla La (TSLA), on the night of February 8, 2021, is like a man and woman in love, playing the love story to its climax.

In the document that Tesla just submitted to the SEC of the US Securities Regulatory Commission, Tesla stated that it has In January 2019, 1.5 billion U.S. dollars was invested in Bitcoin, and at the same time, it was considered to use Bitcoin as Tesla's car purchase payment method.

No matter how much you joked before, saying that Bitcoin is good or bad, this document tells everyone World: Elon Musk, the richest person on earth, the spiritual leader of the world, and the super KOL who single-handedly led to the collapse of a social platform, is using real money and is optimistic about Bitcoin.

Bitcoin soared 13% to $44,500, setting a new record high. At press time, Bitcoin has surpassed $47,000. The total market value surpasses Facebook and is next to Tesla, becoming the top seven most valuable assets in the world.

In recent months, even though Musk’s interaction with the cryptocurrency world has become more and more frequent, no one thought that the climax would come so quickly.

Musk and Bitcoin 

Looking back at history, The magical year of 2020 is a watershed in this story.

Since Musk publicly commented on Bitcoin for the first time in 2014, Silicon Valley "Iron Man" has not yet With today's huge market influence, the world of cryptocurrencies has just begun. At that time, Musk said, "Bitcoin may have started as a tool for illegal transactions."

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After a few tweets that occasionally mentioned Bitcoin in the middle, in January 2019, Musk once again officially commented on Bitcoin in a podcast. He emphasized, "No Will put Tesla's resources into cryptocurrency."

It's like boys and girls who haven't met a few times When the sparks were sparked and we were about to wave goodbye, the catalyst came.

On December 20, 2020, Musk replied to Michael Saylor, CEO of MicroStrategy, a US-listed company, on Twitter, asking whether it is possible for the Bitcoin market to undertake hundreds of millions or billions of dollars. amount of funds.

2020 is an unprecedented year in the capital market, and technology assets represented by Tesla are plummeting Afterwards, it walked out of the V-shaped curve, rising straight without resistance, and Bitcoin did not lag behind. With the help of institutions and listed companies, the market value increased by 4 times in two months, and it became a hot search all over the world.

Among them, MicroStrategy is the most radical representative. Starting from 2020, this former commercial software giant Mingpai bought Bitcoin worth more than 1 billion US dollars, and the stock price rose by 3 times. Indeed, he is best suited to answer Musk's questions.

This seemingly unintentional question brought a turning point in the relationship between Musk and Bitcoin.

January 8, 2021, Ben Mezrich, original author of The Social Network "Never again will I refuse to accept payment in Bitcoin," tweeted. Musk later replied, "Me too."

On January 29, Musk changed his Twitter profile to "#bitcoin" and sent The tweet, "In retrospect, it was inevitable.", sparked market turmoil.

On February 1, live broadcast on the world's most popular social platform Clubhouse, Musk said, "Bitcoin It is a very good thing, I support it, I should have bought Bitcoin 8 years ago, I am late for this feast.”

Interestingly, a document on the evening of February 8th realized what Musk said before. Tesla invested 7.7% of his cash in Bitcoin and immediately supported Bitcoin payments. buy a car.

According to the average price of Bitcoin in January, the cost of Tesla’s investment in Bitcoin is about 35,000 US dollars. According to the document, while Bitcoin soared, Tesla's 1.5 billion US dollars increased by 200 million.

Because the current Musk has already become a global KOL. The most outstanding work is undoubtedly Dogecoin DOGE.

The origin of cryptocurrency 

If you’ve been following Musk’s twitter since February, you might really think he’s the creator of Dogecoin.

Dogecoin was involved in the battle between retail investors and institutions in WSB and rose 10 times within 24 hours In the process, the picture of the puppy that Musk posted on Twitter contributed a lot.

During the Clubhouse live broadcast on February 1, Musk said that it would be too much for Dogecoin to become the future currency of the earth It was funny, and then added, "But fate is always full of irony." In a word, there was a commotion in the price of Dogecoin.

On February 4th, Musk sent 5 tweets in a row, saying "Dogecoin is the currency of the people At the same time, I also added a spoof picture from "The Lion King", which made Dogecoin, which had been calm for a few days, become restless again, with an intraday increase of 80%.

On February 6, Musk launched a poll on Twitter, asking "Who will be on the future earth?" Huobi?”, out of 2.4 million votes, 71% chose Dogecoin.

Don't forget, on the day GameStop's share price made history, there was also Musk, who tweeted (Rhythmic BlockBeats Note: Stonk is intended to describe the stock's big rise or fall, which is exciting).

Of course, many people do not approve of this way of calling for orders, thinking that Musk is disrupting the market.

But if you look at the world, which YOLO asset doesn’t rely on holding together after shouting? For example, Moutai, whose A-shares only go up but not down, relies on funds that have become fan circles. No one is willing to buy 230,000 RMB per lot of Moutai, but investors in the Z era are willing to buy funds, and the funds are all equipped with Moutai.

Similarly, Bitcoin is the same, but institutions are rushing together.

 Institutional Views on Bitcoin 

For cryptocurrencies, the most intuitive impact of Tesla’s announcement of investing $1.5 billion in Bitcoin is whether institutions’ views on Bitcoin will reach a new level, and there may still be doubts , to no longer doubt.

In 2020, the biggest feeling is that the attitude of professional institutions towards Bitcoin has begun to change.

Cathie Wood, the founder of ARK who sat next to Musk in the podcast, is now Grayscale Bitcoin Trust The third largest holder of the product, holding $281 million worth of Bitcoin.

Paul Tudor Jones, a well-known Wall Street investor, also said last year that he would allocate more than 1% of his assets to on bitcoin. The US billionaire hedge fund manager founded Tudor Investment Corporation in 1980 and now manages $9 billion in assets.

Ray Dalio, who runs the world's largest hedge fund, is no longer so skeptical of Bitcoin Bitcoin, and said in a recent Reddit AMA: "I think Bitcoin has established its status as an alternative gold-like asset over the past decade."

Many listed companies represented by MicroStrategy have also changed their views. According to statistics before Rhythm, 16 There are 17 U.S. listed companies that have invested in Bitcoin, including Tesla.

When the record high is set again, everyone needs to have a new understanding of Bitcoin, "Electronic "Cash", "Digital Gold", and "Major Commodities", perhaps under the leadership of Musk, the market will have a new definition of Bitcoin.

In the question that was considered to be a watershed in the relationship between Musk and Bitcoin, Michael replied to Musk, saying, If you exchange cash for Bitcoin, other companies will follow suit, creating a positive cycle.

Now it seems that the most critical step has been achieved, and the rest is the fermentation of the market. A miner once recorded Musk's tweets in the Bitcoin network, and the incident of "Tesla investing in Bitcoin" seems to be more memorable.

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