When should we invest in digital assets?
Bitcoin has renewed its high point day after day, drawing keen attention from people.
In particular, as the price increase of domestic projects listed on the domestic exchange became a big issue, many projects were included in the search portal’s real-time search ranking.
I’ve recommended my parents to buy Bitcoin for years, but they’ve never bought it, and Tesla’s owner Elon Musk has expressed his intention to buy Bitcoin on the news that they bought it. I was very embarrassed, but I told my parents it wasn’t too late.
Already since last year, articles have been pouring out around digital asset-related institutions in the United States. Here are some articles.
Grayscale 131,254 ETH to buy 47,690 ETC
(Source: https://joind.io/market/id/4541)
Microstratage Raises $600 Million to Buy Bitcoin
(Source: https://www.edaily.co.kr/news/read newsId=01377606628951504&mediaCodeNo=257)
Tesla’s $1.5 billion purchase of Bitcoin is recognized as Elon Musk’s payment method for Bitcoin.
(Source: http://newspublic.org/news/newsview.php?ncode=1065577313177919)
Why on earth do these institutions buy digital assets and publish articles as if they’re bragging about themselves?
Technically, because a company buys digital assets, it spends its costs on digital assets. If company shareholders are pessimistic about digital assets, they are likely to sell their shares in fear of losing the value of their corporate assets per share. But in fact, the opposite has happened.
As shown in the article above, Bitcoin prices rose on the news that Tesla bought Bitcoin, but Tesla’s stock price also rose.
What this means is self-evident. Tesla shareholders are positive about digital assets such as Bitcoin. As mentioned earlier, shareholders believe that investing in digital assets is an investment that can contribute to maximizing the company’s profits, even if the company spends money.
One more thing to point out here is that shareholders are investors who have invested in the company.
