Musk and his related parties hold at least a certain amount of Bitcoin and dogecoin, and coin speculation is a great weapon for Musk to make money. Do you think Tesla makes money by making cars? Although it is better than the operating performance of domestic new energy vehicles, you can go through Tesla's financial reports over the years, and there are large losses every year, although the money lost is not his, but various investors and shareholders.
Unlike creating new energy sources, speculating in coins can bring real money. Musk's personal design has always been a pioneer in science and technology and a leader in the trend of the times. It is very suitable for him to enter the currency circle to buy and sell virtual currency. At the same time, as the richest man in the world, Musk can use his influence to control the price trend of virtual currency and profit from it.
For example, after buying a lot of virtual currency in the early stage, he released good news that he was confident in virtual currency, so the price of virtual currency began to rise. In this process, he and his related parties began to reduce their holdings and earn leeks while the price rose. Oh, no, it's money from friends in the currency circle. When the virtual currency in his hand was thrown into the warehouse, he began to "play dead" and waited for the price to fall, and even began to jump, releasing some bad news to make the price of virtual currency fall. At this time, he can absorb the chips thrown by investors at low cost, and when the goods are almost swept, it can be said that Bitcoin is good, and he will throw it again when the price rises. Cycle back and forth, jump left and right, and harvest is a kind of enjoyment.
Meitu, a Hong Kong-listed company, suffered a loss of130,000 yuan for retouching photos of Meitu Xiu Xiu. Musk can make a lot of money by sending a few words on Twitter. This is the gap between western mature capitalists and eastern immature capitalists.
Musk's behavior in the securities market is a typical manipulation of the market or public manipulation. It is impossible to do this in the stock market. Because both the A-share market and the US stock market are controlled by the national securities regulator, this blatant manipulation of the market has long been banned from entering the securities market, and no one dares to do so. Although Musk is ostentatious, he is not stupid. He has a lot of Tesla shares in his hand, so he won't publish news about Tesla shares every day.
In the virtual currency market, this does not matter, because there is no institutional supervision at all. This is a primitive society, and the law of the jungle can only be used as long as it can make money. Musk just chose the simplest way to make money. Although cruel, no one can do it. Who let investors want to play with him so much?
Everything is for profit, and the richest man in the world will not spend his time on meaningless things. Following this line of thinking and adding some basic financial knowledge to bless you, you can see Musk's intention to treat virtual currency. It's just that you can't change the fate of being laid off, because he won't inform everyone in advance when he releases the news. The only way to avoid it is not to speculate easily.