2 Virtual currency 7 Months of evaporation 2 Trillions of dollars ,“ Musks ” End 15 Ten thousand people dream of becoming rich by leaps and bounds

source ： Zinc of finance and economics （ID：xincaijing） author ： Sun Pengyue

The darkest hour of virtual currency .

“ Currency circle one day , A year on earth .” 

“ Ordinary people just want to use a few months' salary , Earn a lifetime of money ？” 

“ No, × times , Don't let me sell ！” 

…… 

In bitcoin 、 The etheric fang 、 The craziness of dog coins and other virtual currencies “ Make rich myths ”, Start to enter the closing moment . 

6 month 18 Number , Bitcoin is falling 20000 dollar ;19 Number , Bitcoin is falling 18000 dollar , Bottom line 17601 dollar , set up 2020 year 12 Month low ; near 15 A speculator who speculates in money , In a short period of two days, the positions have been sold out one after another , The total amount of the loss amounted to 5.67 Billion dollars ; since 2022 Since then , Bitcoin has fallen 62％, Millions of people have lost their wealth . 

It's not just bitcoin , All virtual currencies fell sharply across the board ： Ethereum, which ranks second in market value , It also fell below 1000 dollar , Minimum to 975.24 dollar , Down near 11%, Hit the lowest point in history ; Besides , There is also a fall in the currency 10％、 The dog coin fell 9.5％…… 

Coindesk 

according to CoinMarketCap data display ： last year 11 month , The total market value of the entire cryptocurrency market is 3 Trillions of dollars , Now the total market value is about 8440 Billion dollars . In a matter of 7 months , global market “ evaporation ” It fell off 2.16 Trillions of dollars , Super shrink 70%, transcend A The sum of the total market value of the top ten shares . 

The volatile and deteriorating virtual currency environment , Plus the impact of the Federal Reserve's interest rate hike policy , Added to investors' worries about the economic recession , Coin circle players began to sell collectively , Virtual currency seems to have come to its curtain call . 

01 The coin circle is thundering constantly

since this year on , The coin circle has been exploding continuously , The virtual currency began to be put out in a collective way . 

This year, 5 month 12 Japan , Once called by coin circle players “ Coin Ring Maotai ” Of LUNA Money has been pouring more than 99%, This peak has reached 119.5 The cryptocurrency of the dollar , Fall to less than 0.00015 dollar , Drop down 60000000%, Tens of billions of dollars of wealth is almost zero . 

The most lethal is LUNA The collapse of the currency led to “ Stable currency ” The logic of concepts and algorithms is declared broken . that , What is a stable currency ？ 

Simply explain , Stable currency is to use the algorithm to force the exchange with the US dollar “ Hard hook ”, Among them, the collapse LUNA Coin and the parent company behind it Terra USD（UST） It belongs to the largest algorithm mode stable currency in the world ： When UST The price of coins is greater than 1 dollar , Users can use value 1 The dollar LUNA The coin , To issue 1 gold UST The coin , Then destroy the value 1 The corresponding amount in US dollars LUNA The coin . 

Terra founder Do Kwon 

Although the concept is beautiful , But the final outcome can only be “ Bleak ” To describe . and LUNA The collapse of bitcoin and the collapse of bitcoin , Verified that the virtual currency is just a game of beating drums and passing flowers . Once hot money fades 、 Malicious shorting 、 Regulatory policy changes , Will cause the game to crash , Zero value . 

And the players who enter want to leave , It's not an easy thing . 

Because of the sharp drop for several days , This has caused a lot of panic among players in the coin circle , Triggered a new round of network wide position explosion . According to the Coinglass The data of ： By 6 month 19 Japan 8 when , There are... In the field of digital currency 15 Ten thousand people in the past 24 The warehouse was broken within hours , The total amount of position explosion is as high as 5.67 Billion dollars . 

Affected by the warehouse explosion , The world's largest cryptocurrency exchange Binance Suspended bitcoin withdrawals ; Have 170 A cryptocurrency lending giant with million users Celsius Also due to extreme market conditions , Suspend all withdrawals between accounts 、 Swap and transfer . 

meanwhile , The collapse of virtual currency is in the eyes of many people , It's inevitable “ necessarily ”. 

This year, 5 month , Buffett said publicly that he did not think bitcoin was valuable ： Bitcoin is not a productive asset , It won't produce anything tangible ;6 month 14 Japan , Microsoft founder Bill · Gates attacked the cryptocurrency project ： The cryptocurrency project is based on “ Bosha theory ”（greater fool theory) Scam ; Double line capital CEO、 Yes “ New debt King ” Called Jeffrey · Gonlac warned in the interview ：“ The bitcoin crash may not be over yet , It's going to be liquidated .” 

Stifel Barry, chief analyst of investment bank · Ben nest , Also in the 2022 The annual report predicts that bitcoin will arrive at 2023 The year may fall to 10000 dollar . 

From the public opinion at home and abroad , Virtual currency led by bitcoin , The fall will be in 2022 The theme of the year . 

02 Musk became the culprit

In a matter of 7 months , Virtual currency starts from “ Make a miracle of wealth ” suffer a disastrous decline , Various conspiracy theories followed . And one of the most recognized versions by netizens at home and abroad , Is the malicious hype behind the capital . and “ Malicious speculation ” Typical representative of , Is now the world's richest man Elon · musk . 

from 2019 Musk, who began to enter the coin circle in , Missed the craziest period of virtual currency creation , But musk, as the world's richest man and social expert , Have great public opinion influence , He quickly mastered the wealth code of the coin circle , It's called “ Consensus value ”： which Afraid it's worthless , But so many people believe , In the end, it will be valuable . 

2019 year 4 month , Musk is crazy about recommending dog coins on twitter ：“ Dog coin may be my favorite cryptocurrency , It's so cool .” As soon as this statement comes out , Dog money began to soar , From obscurity, it has quickly become a hot spot in the currency circle . 

2021 year 1 month , Musk tweeted a fictional 《Dogue》 Magazine pictures , The price of dog coins has soared , Rise in one day 9 times ;2 month , Musk has sent multiple tweets , claim “ You don't need to be rich to have , Dog coin is the cryptocurrency of the people .” same day , The price of dog coins has soared 60%, Market capitalization 100 Billion dollars , Become the eighth largest cryptocurrency in the world by market value ;4 month , Musk released “ The dog barks at the moon ”, The dog coin rose by more than in a single day 200%. 

Driven by musk , Dog money from 0.056 The dollar soared all the way to 0.6848 dollar , It has increased by more than in three months 12 times . 

However, when the leeks began to rush to buy dog coins , Musk in 2021 year 5 month 8 The Japanese declared publicly that ：“ Dog money is a fraud .” The dog coin plummeted , The price fell for a time 40%. 

Except for dog money , Musk's favorite is still bitcoin .2020 year , Musk buys a lot of bitcoin , end 2020 end of the year , Tesla has bought value 15 Billion dollars of bitcoin . Tesla became the company with the second highest number of bitcoin at that time . 

Musk also uses twitter 、 Tesla supports bitcoin trading 、 Announcement of bitcoin positions and other means , Stimulate the price increase of bitcoin . Before bitcoin exploded , Tesla's purchase of bitcoin has made a floating profit of more than 71%, The floating profit amount exceeds 10.69 Billion dollars . 

When musk used his personal influence to make a lot of money , But the leeks who have lost all their money . 

6 month 16 Japan , Dogcoin individual investors Keith Johnson Sue musk in the federal court in Manhattan, New York 、 Tesla and SpaceX Corporate extortion .Keith Johnson The indictment is written to ：“ since 2019 Since then , Musk knew that dog coins have no value , But musk used his position as the world's richest man to operate and manipulate the dog coin pyramid scam , To make a profit 、 Increase exposure and have fun .” 

Since musk began to promote dog coins ,Keith Johnson Lost about 860 Billion dollars , He demanded compensation from musk 2580 Billion dollars . 

Musk, who made a lot of hard-earned money , Lost a lot in this virtual currency explosion . According to the interface news report ： Tesla currently owns 43200 Bitcoin . With 6 month 18 Each piece per day is about 19000 The price in US dollars , Tesla has less than the value of bitcoin 9 Billion dollars . This is related to 2021 Expenses at the beginning of the year 15 Billion dollars to buy , The loss may have exceeded 6 Billion dollars . 

In the face of public criticism , Musk in 6 month 21 Japan responded ：“ Never said that people should invest in cryptocurrencies …… tesla 、SpaceX And I do own some bitcoin , But this is only a small proportion of total cash assets .” 

03 The coin circle cannot become a dream of wealth

Virtual currency keeps exploding , It is also subject to strict regulatory control . 

2021 year 9 month 24 Japan , The central bank and other ten departments issued 《 Notice on further preventing and dealing with the risk of speculation in virtual currency transactions 》, Virtual currency is explicitly prohibited . And countries around the world are gradually tightening their policies , Bring the virtual currency into the scope of supervision . 

2022 year 6 month 10 Japan , The EU is about to reach an agreement on key legislation to regulate the cryptocurrency industry , The legislation will be enacted in 27 Common rules among Member States , It aims to provide a perfect legal framework for the virtual currency asset market . 

2022 year 6 month 7 Japan , The United States issued the encryption regulation act , The Commodity Futures Trading Commission （CFTC） As a regulatory body, it controls the circulation of virtual currency . 

In addition to Europe and the United States , And Britain 、 Russia 、 Japan 、 Singapore 、 South Korea 、 India and other dozens of countries and regions , Have introduced laws, regulations and institutional supervision related to virtual currency . 

Stir frying coins , The concept that has become popular in recent years , Harvest most countries in the world . Players try to use virtual currencies of various names , To realize their wealth and freedom . But in the end it will only be a minority 、 The earliest players can make money , Most players can only lose their money in a series of explosions . 

Behind cryptocurrency , But the capitalists headed by musk , They rely on influence and money , Wanton manipulation of virtual currency prices , Play with countless investors . 

Anonymous Members of the hacker organization , Once been there YouTube Attack musk ：“ Musk's caprice in cryptocurrency , It shows that he ignores the ordinary working class ; Musk used most of Tesla's income to fry money .” 

The media are also reporting on what musk will hold 54% Tesla shares as collateral , Used to hype virtual currency . In order not to go bankrupt 、 Don't lose control of Tesla , Musk can only choose to use virtual currency , Lead countless people who are crazy about him to the abyss . 

Just don't know to regard him as “ Iron man ” An admirer of , How should I feel ？ 

The symbolic meaning of virtual currency is beautiful , But it has now become a plaything in the hands of capitalists , To realize its true meaning , that “ Demaskeization ” Become the most important thing in the coin circle .