Chapter 2069 Believe
The craze for Bitcoin is gradually spreading.
The speed of its spread far exceeded everyone's imagination (except Qin Feng).
Because of Qin Feng, the media's crazy publicity, coupled with Wall Street's behind-the-scenes manipulation, made Bitcoin become the hottest topic in the world in a short period of time.
"Bitcoin will shake up the whole world!"
"Virtual Economy Impacts Reality"
"We will live in a world without money"
...
Various reports are overwhelming, occupying the front pages of major media.
This kind of publicity, coupled with Ben-Ledeng's early adopters, made Bitcoin's popularity rapidly increase.
It also caused its growth to exceed everyone’s expectations.
When it was first listed, only 1 Bitcoin was equal to 0.1 US dollars.
When I bought it, 1 Bitcoin was equal to about 2 US dollars.
When Dimon received $500 million from Qin Feng to establish a venture capital company, Bitcoin had already risen to $10.
Dimon has just rented a suitable office on Wall Street and is still recruiting people.
How many days has it been?
As a result, Bitcoin has risen to $36 apiece.
This speed is too fast.
It was so fast that everyone exclaimed.
Wall Street did not expect that it would rise so fiercely in such a short period of time.
The number of Bitcoins they hoard exceeds one million.
This time, it was tens of millions of dollars in revenue.
This makes them feel crazy.
Because the initial investment is relatively small. It is just the purchase of computer hardware.
But they all rent computers, and you only need to pay the daily rent. And they rent in large quantities, so the overall price is very cheap.
Other than that, there is just a little electricity bill.
So far, each of their investment banks has spent a total of less than 100,000 US dollars (electricity bills plus leasing fees), but the resulting income has reached tens of millions of US dollars. How crazy is this.
This profit is too high.
Thousands of times more.
It has never happened since ancient times.
Moreover, it is still rising rapidly.
The investment banks on Wall Street were naturally smiling while being shocked.
Of course, if they have hoarded so many Bitcoins, will they dig them all out?
Actually it doesn't.
It's still early days.
The most they have is hoarding millions of Bitcoins. This is a huge amount. But there are only a few well-known investment banks on Wall Street, or the investment banks Dimon originally found.
Morgan, Citi, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Bear Stearns. These are the six most famous investment banks on Wall Street.
A family of 1 million only adds up to 6 million.
The upper limit of Bitcoin is as high as 25 million. This only accounts for a quarter of it.
If you want to hollow it out, it's still early.
It can only be said that when entering the Bitcoin market now, the speed of obtaining Bitcoin is not as fast as before, and it is relatively much slower.
However, no matter how slow it is, you can basically see gains in your account every day.
0.1,0.2...
No matter how fast or slow the increase is, if you still make money, you will gain something.
At this moment, the six major investment banks have returned all the computers they rented and are no longer mining.
The reason is simple, they already have enough.
Being too greedy will bring about your own harm.
Although they are greedy, they are not stupid. They know very well what is enough.
Do you really want to mine all the Bitcoins? No one else has to mine them.
At that time? No matter how much you hype, it's useless.
A market only has investment value if there are too many people.
So, if they each hold millions of Bitcoins, they won’t mine too much.
What's more, the mining speed is obviously slower now. From an efficiency perspective? It's no longer appropriate.
The presidents of the six major investment banks gathered together to celebrate the success of this investment.
This time? They have gained a lot. There will definitely be many rewards at the end of the year.
Like Dimon? They all have associated profit dividends.
"How high do you think this can go?" asked the Goldman Sachs president.
"I'm afraid $100 is no problem," the president of Lehman Brothers said with a smile.
1 million U.S. dollars, that’s a profit of 100 million U.S. dollars.
This return on investment is extremely high.
"Maybe $150 is possible." Citigroup President Sandy Weill's eyes flashed.
Dimon approached him before and lobbied him to invest in Bitcoin.
He originally did not understand the Internet economy, nor did he know what virtual currency was.
But he understands Jamie Dimon. He knows very well how good Jamie Dimon is.
If he hadn't been suppressing Jamie Dimon and didn't want him to leave, Jamie Dimon would have been on his own.
His talent is definitely second to none among Wall Street bankers.
Therefore, if Jamie Dimon is optimistic about Bitcoin, even if he does not understand it, he still thinks that Bitcoin is good. Therefore, the six major Wall Street investment banks invested in Bitcoin this time, largely because of Jamie Dimon.
Not because of Qin Feng behind it.
No matter how outstanding Qin Feng is, he is just the strongest freshman.
No matter whether you are the strongest freshman in the world or not, you have never really proven yourself in the workplace.
Even if you are rich, it is just temporary luck and temporary success. It does not prove your lasting success, or even that you will always be successful.
And Jamie Dimon proved himself.
The entire Wall Street and all financial institutions opened their arms for Jamie Dimon, welcomed him to join, and offered the most generous terms possible.
Of course, those financial institutions that feel they are not worthy of Jamie Dimon are shameless.
This is like opening a small supermarket and wanting to promote it.
What you usually think of is to get a few pots of flowers and put them there, and then set off some firecrackers or something.
At most, we can hire a waist drum troupe, or perform dragon or lion dances, but that's the end of it.
You can't think of asking Andy Lau to cut the ribbon for you.
This is impossible.
Dimon is like this, he is too good, so even though all Wall Street investment banks want to hire him, not all investment banks dare to offer him conditions.
Of course, in the end, Damon had no choice but to choose Qin Feng.
However, no matter who Dimon chooses, his ability and vision are right.
Dimon chose Bitcoin, which means that Bitcoin is worth looking forward to. Therefore, they all invested in Bitcoin.
Now it seems that they have won.
This time, they will reap a rich harvest.
In the distant Middle East, La Deng did not expect that the Bitcoins he originally hoarded would bring him several times the income.
Before turning on the light, I saw that Bitcoin could be easily traded, so I accumulated tens of millions of dollars in Bitcoin.
The biggest buyer on the market is him. However, he is not doing it to make money. He does not want to make money from it. He just wants to legally transfer his funds to his foundation organization through Bitcoin.
Who would have thought that now, due to the skyrocketing price of Bitcoin, his wealth has inexplicably increased by tens of millions of dollars.
This is simply incredible.
This also made La Deng believe in Bitcoin even more and converted most of his assets into Bitcoin.
Chapter completed!