The investment world is not dominated by retail investors. It's dominated by institutions with mandates and heavy regulations. You and I may not perceive Bitcoin as a risk asset, but those institutional investors certainly do. When inflation is high and interest rates are high, institutional money managers go risk off. They sell off their risk assets to buy cash or cash flowing equity. We live in a world where cash is still king. Bitcoin only has 10 years of network effects. The dollar has about 60 years of network effect. It takes time for people to understand what kind of money Bitcoin is, especially when everyone only knows money as government debt that can be created at infinite. It took...
In 2020, institutional bulls lined up to enter the battle in the cryptocurrency field, which completely sounded the horn of institutional bulls. As a member of the institutional army, PayPal may have joined later. As an international trade payment tool pursued by hundreds of millions of users around the world, PayPal is one of the most widely used third-party payment tools in the world, established by Peter Thiel and Max Levchin. It serves more than 200 markets and supports more than 100 currencies. In cross-border transactions, nearly 70% of online cross-border buyers choose PayPal to pay for overseas shopping, which is a truly global payment platform. In fact, there is another key figure in PayPal's development history - Elon Musk,...
In the face of your own power in the world of cryptocurrencies, and in the face of this huge wealth at your fingertips.Will Musk end up being Frodo or Saruman?let us wait and see.
