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How about buying physical Moutai now?
Seeing that Moutai’s recent market price is almost falling to its guidance price, I’m thinking about stocking up a bit of Moutai at a low price. Here are my reasons: 1) It’s close to the guidance price, and 1499 was the price from eight years ago. Now that it’s up to 1539, it doesn’t feel overly expensive. If you factor in inflation, the current premium doesn’t seem that much. As a luxury item, I still think it will have a future premium. 2) About the issue that fewer people drink baijiu—of course, the number of drinkers will go down, but it won’t mean there’s no market at all. It’s more like it’s shifting from being a hard-currency type of item to a more niche, scarce product. Still, in some occasions from time to time, you do need a higher-end baijiu like this. 3) Personally, I might occasionally use it for certain situations as well, and it does have some practical value.