Wen | Lee An-chan
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Recently, Tesla CEO Musk, netizens asked Musk when the next financial crisis is, Musk replied: "Predicting that the macro economy is very challenging, my intuition is that it may be in the spring or summer of 2022, but not later than 2023."
As the world's richest man, Musk believes that his every action and every sentence has a purpose. The reason why Musk proposed the theory of financial crisis, the purpose of this sentence, in my opinion, is three:
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The first purpose
Musk is restructuring his voice in crypto assets
In 2021, Musk made a record high of 4.82 yuan through the forced promotion of the MeMe-type cryptocurrency DOGE, and in the process, Musk made a large-scale profit. At the same time, Tesla, as a global mass-produced new energy vehicle, also holds 43,000 bitcoin assets, and Tesla, in order to support cryptocurrencies, has adopted a way to allow payments in bitcoin to buy Tesla.
Then, in 2021, in the global cryptocurrency market, one of Musk's actions triggered a siege against him by global digital currency investors. His behavior is like this, Musk in 2021, by forcibly promoting DOGE without practical application scenarios, triggered the animal trend of global digital currency, and at this time the mainstream digital assets have declined. As the world's richest man, many investors believe that Musk did not release more marketing resources and influence on mainstream crypto assets led by Bitcoin.
In this process, Grayscale Investments, the world's largest cryptocurrency fund, has expanded its holdings in the crypto asset world by adopting a SEC-compliant approach, with the Bitcoin Trust under management of $43.5 billion, which is far larger than tesla's bitcoin holdings.
In this process, Musk's crazy call to doge behavior, based on triggering the dissatisfaction of investors who hold mainstream assets, at the same time, Musk on the side of the process of holding bitcoin, but also through various ways, the most bitcoin short, and the world's largest encrypted digital currency fund grayscale fund, in the secondary market to compete. That is to say, Musk to do more DOGE, short Bitcoin, and in the hearts of global crypto asset investors have a good reputation, and long-term bullish Bitcoin grayscale fund, confrontation, even in a process, Musk's Tesla Motors, for the use of Bitcoin payment methods, is also based on his control of the secondary market, so when everyone, after seeing this behavior, Musk was investors in the crypto world, becoming a "scumbag".
In order to calm this storm, Ethereum founder Vitalik Buterin is also persuading Musk to upgrade the MeMe of DOGE to expand the application scenario. In the end, under the persuasion of many people, the animal trend triggered by Musk began to resurface, and in the later period of Bitcoin, there was also an upward trend.
Musk, and the grayscale fund's long-short war, not only let the global governments, and global investors see that the price of digital assets can be manipulated, but also, Musk himself, has been implementing his manipulation plan in this way. As a result, cryptocurrencies have triggered more regulation, and it can be said that Musk smashed his own image in the first half of 2021. And I believe that he must re-establish his influence on the digital currency world.
It becomes understandable, then, that Musk released the rhetoric of a financial crisis in the spring or summer of 2022, but no later than 2023. Because, this is an opportunity for him to re-establish his influence on the digital currency world, or rather, a signal.
First of all, at the time of these few words, Musk has completed another move in the US capital market, selling Tesla stock and cashing out $15 billion. That's more and more money, and less and less stock, so, in Terms of Musk's personality, of course he wants more and more money and more stocks. And this market release, financial crisis theory, then, Musk's bitcoin, there is a chance to usher in a surge again.
Because the financial crisis itself is a financial institution based on legal tender, there is a crisis, no matter what kind of crisis, the result must be that the stock market plummeted, the market liquidity fell, and at this time, the traditional capital market, is not the safest area, so good, Musk through this financial crisis theory, is bound to let more people, will flow funds to the encrypted digital currency. At this time, Musk can once again achieve large-scale profits.
In the US capital market, Musk has just cashed out $15 billion, and Musk can't wait to hope that the bitcoin in his hand can rise again and cash out once again. Even Musk can make more and more bitcoins in his hands and more and more shares in Tesla through the continuous switching of the two assets and transactions.
Such financial goals require a financial crisis to realize Musk's vision. Therefore, all the words Musk says need to be viewed through the combination of the secondary market, and the stock market, and the crypto market, the two secondary markets.
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The second purpose
Get more liquidity support for SpaceX
Musk, which currently owns Tesla, and SpaceX. Tesla is already a successful company for Musk, and a successful product, and a successful market capitalization. For Musk, the crazier dream is SpaceX.
SpaceX, an American space exploration technology company, was established in June 2002 as the American Space Transport Company, which developed the partially reusable Falcon 1 and Falcon 9 launch vehicles. SpaceX also developed the Dragon series of spacecraft to launch into orbit via Falcon 9. SpaceX primarily designs, tests and manufactures internal components such as Merlin, Kestrel and Draco rocket engines.
At present, Musk has said on Twitter that "the cost of SpaceX is staggering, liquidity may be tight, and while SpaceX is unlikely to go bankrupt, it is not impossible." SpaceX could face bankruptcy during the next recession."
Of course, for Musk, the SpaceX dream he said, and the dream of going to Mars, he must realize, and the realization of this dream requires a lot of money to pile up. Therefore, releasing the financial crisis theory and allowing more people to buy the digital assets he holds is one of the fastest ways to obtain liquidity. After all, on Tesla, he has cashed out $15 billion. Smart Musk will not develop SpaceX through this single cash-out method of reducing stocks. He was desperate for SpaceX to take a decentralized organizational approach, and everyone paid him to take the helm to realize his Mars dream.
So, he can only say that a financial crisis is about to happen. After obtaining liquidity, Musk can distribute the profits obtained this time on SpaceX and Tesla.
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The third purpose
Bring some indirect positive news to the dollar
In fact, all of Musk's behavior is based on his own profit behavior, at the same time, Musk's living and working environment can make Musk, without any verbal baggage in expression, want to say. Of course, Musk's words, for the dollar, will also indirectly bring some benefits.
According to the latest CNBC survey, more than half of Americans believe that the biggest concern of the economy in 2022 comes from inflationary pressure, worried about affecting the return on investment in the stock market, while others believe that the United States will raise interest rates at the wrong time is the most worrying, and only the easing of the epidemic that a small number of people are worried about is the biggest crisis in the economy.
Well, Musk's financial crisis theory will make many people who believe in him, and organizations, countries, find ways to increase some dollar reserves, after all, at present, the competitiveness of the dollar is still relatively strong. In this way, the inflation rate of the US dollar can also be reduced.
So, Musk's theory of the financial crisis, arguably, is a win-win deal, and buy-sell.
So, what would you do after you knew the purpose of Musk's financial crisis theory?