Crypto飞哥
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I suddenly thought that the poorer and lower cognitive individuals find it harder to understand the value of cryptocurrency:
1: They do not need to do asset allocation; they do not understand that large funds' asset allocation and investment is an inevitable behavior. They do not understand that large funds do asset allocation just to preserve value. They even believe that keeping hundreds of millions in the bank and earning a few million in interest each year is making money.
2: They do not need to do international currency exchange; there is no demand for global asset allocation, and they do not know that the system for cross-border transfers requires considerable maintenance costs. They think that transferring money is just transferring it in Alipay.
3: They do not understand that under the modern fiat currency system, fiat money is a credit certificate endorsed by national credit. They believe that fiat currencies like the US dollar, yen, and renminbi are inherently stable. They do not know that some countries in Africa and South America are simply unable to maintain a stable fiat currency system, and the volatility and depreciation of some fiat currencies are even more severe than that of gaming equipment.
1: They do not need to do asset allocation; they do not understand that large funds' asset allocation and investment is an inevitable behavior. They do not understand that large funds do asset allocation just to preserve value. They even believe that keeping hundreds of millions in the bank and earning a few million in interest each year is making money.
2: They do not need to do international currency exchange; there is no demand for global asset allocation, and they do not know that the system for cross-border transfers requires considerable maintenance costs. They think that transferring money is just transferring it in Alipay.
3: They do not understand that under the modern fiat currency system, fiat money is a credit certificate endorsed by national credit. They believe that fiat currencies like the US dollar, yen, and renminbi are inherently stable. They do not know that some countries in Africa and South America are simply unable to maintain a stable fiat currency system, and the volatility and depreciation of some fiat currencies are even more severe than that of gaming equipment.
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