Facing the important figures of China, he remained calm and continued:

"The most crucial point is that virtual reality technology in film and television works will change the pricing power of almost all assets."

In the modern concept, money was created, but money is a debt. Money itself has no value; it only has value when it is tied to the means of production such as labor and resources that can be purchased.

Virtual reality technology will fundamentally change the standards for resources and labor.

Taking our country as an example, if one can enjoy boundless space in the virtual world, who would still be willing to spend a high price to buy a house?

All I need to do is spend 50,000 yuan in Hegang, then move in and enjoy a virtual sea-view room of several hundred square meters every day, and even be able to change rooms every day.

As for education? The educational resources available in the virtual world are better than the best education in the XC district, as long as you have money.

The same principle applies to medical resources; in the virtual world, one can enjoy sufficiently high-quality medical resources.

Property values ​​will be completely repriced.

Even the Wanliu Academy in Yanjing or the Tomson Riviera in Shanghai have lost their original value.

The residential, educational, and medical values ​​tied to a house over decades are completely lost.

Secondly, the value of high-tech companies like Google, Amazon, Facebook, and Apple will be completely reassessed in the American stock market.

Amazon might be in a slightly better position. Since computers and mobile phones no longer exist, do these software services on traditional communication devices still have value?

And the value of semiconductor companies, led by TSMC, AMD, and Nvidia, will also collapse.

First of all, virtual reality technology is clearly beyond the capabilities of Earth's existing semiconductor technology.

Virtual reality technology will lead to a sharp contraction in demand across the entire civilian semiconductor sector.

Therefore, publicly traded companies in America will face extreme value restructuring.

The market value of these high-tech companies has fallen to at least 10% of what it was before, or even less.

America's stock market and our housing market are both facing collapse.

The American stock market and the Chinese housing market have long been considered the two biggest bubbles on the entire planet.

Everyone was encouraging each other, hoping that the other would break down first.

"All industries will be restructured, and the concept of region will be further blurred."

All assets will be repriced.

For example, Tomson Riviera is only worth 70% or even 50% of its previous value.

In contrast, a typical residential property in Shenhai that originally cost five or six million yuan may now cost only one-third of its original price, or even less.

The Fairy Tree Romance

Because luxury homes also have a social circle effect, and the social circle effect takes time to dissipate, ordinary residences are only expensive because they are located in Shanghai, so the value of the houses will depreciate even more.

The market capitalization of semiconductor companies like TSMC, Nvidia, and Intel will drop to one-tenth or even less of their original value.

---Aside---

I don't intend to finish it hastily; I'll be writing for several more months.