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Many university endowments in the United States continue to buy bitcoin. What do you think is the reason?
I think the main reason is that they are optimistic about Bitcoin, because Bitcoin has fallen a little recently, so they think it is a good time to add positions. To put it bluntly, it is to make money through bitcoin. They think that bitcoin will skyrocket in the future, and now is the best time to buy, so buying needs money. Donate the fund if you have no money, and then keep buying bitcoin, the magical bitcoin, and throw it out when you get to the advanced level. This is common. Buy low and sell high, because bitcoin is more volatile and risky than funds, but high risk means high income, so they are willing to take this risk to get this income.

In fact, whether you buy bitcoin, futures, stocks or other wealth management products, a basic principle will not change. Buy low and sell high is the most basic principle. Whether he chooses Bitcoin or other wealth management products depends on his personal understanding of the market and wealth management. If so many American universities do this collectively, it means that Bitcoin will usher in relatively large fluctuations in the future. Because the law of the stock market is simple and clear, it is nothing more than that everyone is optimistic about continuing to buy, so it will rise. When the valuation is too high, some people will start to throw, thinking that it is not worth that much money, so more people will throw, and he will start to fall.

Bitcoin is the same. It has become a virtual currency and has its uniqueness, because its uniqueness has its value and people who invest in it. Because there are people who are not short of money in the financial market, some people think it is time to buy and some people think it is time to sell, so it is because everyone has different ideas that the stock market is diversified. This is also one of the reasons for the company's longevity. Bitcoin and the stock market have basically the same principle, but the story is relatively related to this company.

Bitcoin is related to everyone's unique attitude towards him. If everyone thinks this uniqueness is worthless, Bitcoin is worthless. Because from the time when Bitcoin just appeared, it cost more than 100 bitcoin and only one cup of coffee can be bought. Now a bitcoin has reached tens of thousands of dollars, and its price has risen many times. Because everyone thinks it is valuable, it is valuable. However, investment is risky, and others can make money by entering the market. Doesn't mean they can make money by entering the market. Be careful.