$BTC $H Elon Musk's Three Stages of Attitude Toward Bitcoin

1. Recognition Stage (2020-2021)
- Due to the U.S. printing money at a record pace, Musk publicly expressed concerns about fiat currency devaluation. After releasing a well-known tweet, Tesla announced it had purchased $1.5 billion worth of Bitcoin and allowed customers to buy Tesla cars with Bitcoin, which was seen as a sign of Bitcoin entering the mainstream financial system.
2. Environmental Controversy Stage (2021)
- Musk cited the high electricity consumption of Bitcoin mining (using the PoW proof-of-work mechanism) as the reason for Tesla suspending Bitcoin payments. On the surface, this conflicted with Tesla's core narrative of renewable energy and carbon reduction, but deeper down, he believed Bitcoin couldn't support high-frequency global payments (the Bitcoin main chain can only process single digits to a dozen transactions per second, far below traditional payment systems like Visa). Bitcoin was viewed more as digital gold rather than a daily payment tool.

Layer 1 chain on Trump 🐶🐶 coin Çöñåñ (sol chain)

3. Reserve Asset Stage
- Musk's view has become more calm, seeing Bitcoin as a store of value (similar to gold), while supporting Dogecoin for small, high-frequency daily payments (believing its attributes are more suitable for internet payment scenarios). He is not an ideological believer in Bitcoin but an engineer who values problem-solving technology. On a spiritual level, he admires Bitcoin's independence from centralized institutions, aligning with his challenge to traditional authority. In the long run, he believes Bitcoin is a successful innovation in currency and a store of value, though not suitable for all payment scenarios, and he holds a long-term view of its value storage potential. #美国伊朗终战协议 #比特币反弹