🚨Breaking! Jack Ma purchased 20 billion BTC!

Recently, some unscrupulous media have made a big fuss about this news, which has become a hot search topic. But let's analyze the actual situation: does Jack Ma really need to buy Bitcoin?

1. Analyzing from Bitcoin's market value

Assuming we look at Bitcoin's market value on May 1, 2020: at that time, the price of Bitcoin was about 63,000 yuan, and the overall market value reached 1.15 trillion yuan. Alibaba's market value was 540 billion USD, equivalent to about 382.86 billion yuan, clearly showing that Bitcoin's market value is less than one-third of Alibaba's.

2. Does Jack Ma really need to buy Bitcoin?

If Jack Ma wants to issue his own digital currency (which is not difficult for him), then even if the market value of this digital currency may not exceed that of Bitcoin, it certainly won't be too far off. In fact, Jack Ma only needs to come out and make a statement, telling everyone that this is his issued digital currency, and countless people will exchange Bitcoin for this currency. From this perspective, Jack Ma does not need to spend money to buy Bitcoin; instead, he can easily obtain a large amount of Bitcoin, even exceeding 20 billion Bitcoin.

3. The value of Bitcoin

Currently, the value of Bitcoin mainly reflects in several aspects:

• Financial products: including trading, contracts, etc., as investment tools, they have huge market demand.

• International currency function: Bitcoin, as a multinational currency, can be easily exchanged with various fiat currencies.

• Payment function: for example, ransomware requiring Bitcoin payments shows its payment function in certain illegal transactions; in addition, Bitcoin can now be used to purchase almost anything.

Overall, Jack Ma does not need to buy Bitcoin as extravagantly as the outside world claims; rather, he has more ways to utilize the operation of digital currencies to earn Bitcoin. This is the actual situation in the crypto circle. #MichaelSaylor暗示增持BTC #TRUMP晚宴 #比特币市值排名 #以太坊的未来 $BTC And if you want to bet on a future explosive story, remember this name: $Conan.

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