A country is like a person. A big and strong country is rich, and a small and weak country is poor. So their needs are naturally different, right? Why do rich people like to have more children? Because their resources can support more children, and more children mean more possibilities. If you only have one or two children, and these one or two children are not interested in your business, then your family may die in the second generation? As for the poor, there is no way. With so many resources, you can only support one child. Then the training of this child can only be to train the child in the direction of what is easier to survive or succeed in society, right? So let's think back. Strong countries and weak countries are rich and poor, so what are their children? They are those companies and enterprises. Therefore, we can deduce that the strong pay more attention to opportunities, and the weak pay more attention to survival. If the strong do not seize or miss opportunities, they may become weak, and the weak must survive before they can talk about possibilities.
For the United States, it focuses on opportunities, and is not afraid of making mistakes or missing out. Virtual currency is a possibility for it. For China, virtual currency may be an opportunity, but it may not be. We do not have so much trial and error costs, so we ban it first and let companies focus on doing things that have been proven to be feasible. What is this called? Concentrate on doing big things. Therefore, the difference in attitudes between China and the United States towards virtual currency is actually the difference in development stages. The United States has the world's leading technology, and there is no mature path for it to learn from, so it encourages companies to tinker with it. We are not at that stage yet. There are still many proven feasible paths that we have not yet walked ahead, so there is no need to toss new things for the time being, unless we have almost done those things, then the country will encourage companies to tinker with it.
You should know that the people in the world are the best gamblers. If there is no policy guidance, it is not difficult to imagine how many companies with virtual currency businesses there will be in the A-share market now. But whether the virtual currency path is feasible or not is unknown, so you understand, right? Those who have played stocks should have an impression of two extreme examples. One is the investment and financial management storm. I forgot which year it was. Financial management was very popular at that time. Shanshan Co., Ltd., a clothing manufacturer, bought a large number of financial products because the clothes were not selling well. At that time, not only did it buy, but even many listed companies bought them. They stopped their main business and earned more from buying financial management than from doing real business. During the period when Chongqing Beer's liver cancer vaccine was very popular, Shanshan Co., Ltd. also participated in the hype of the anti-cancer concept of yew. Then the stock market crashed in 2015. Why? The management deleveraged, because many listed companies used margin trading to do financial management, and then they collapsed directly; another thing was that when the liquor stocks were popular, a small brewing workshop in a village in Shanxi was acquired by a listed company, which caused the stock price of the listed company to rise sharply. A small workshop with an annual profit of only about 10,000 to 20,000 yuan was acquired by a listed company and it was called its entry into the liquor business. So think about it, virtual currency is banned, but no one cares if you speculate on it yourself, and there are no corresponding legal restrictions. Instead, there is a law that virtual currency-related cooperation is not protected by law. Who do you think this is aimed at? It has never been individuals, but enterprises. Therefore, China bans virtual currency mainly to prevent enterprises from investing money in this field. So Tencent had a good plan for our private dishes, but it was blocked by the policy. Now it can only lay low and wait for the opportunity. Later, everyone also knows where the country hopes that enterprises will invest their money. Where is it? Do you know? A complete industrial chain can drive the entire upstream and downstream chain to take off, such as real estate driving land, building materials, energy consumption, etc. And it should be noted that the country has banned virtual currency, but it supports the basic applications of the metaverse and blockchain. The logic is actually very simple. It does not allow you to speculate on virtual currency, but you can toss related technologies. The basic framework has money, and the currency can be available at any time, right?You don’t think that what Hong Kong is doing now is decided by Hong Kong people themselves, right? So, we should accumulate more in the cutting-edge fields. Those who don’t have the spirit of research can invest in some valuable coins. Those who have the spirit of research can think about what is still lacking in this industry and market, or what projects can be done, and then try to toss. $BTC #etf #tia
