My Fintech Empire

Qunxing has done this and successfully established a national unified market for storage and calculation services. In the future, it will make money and bring more tax revenue to Zhongyang Finance. You should know that the absolute majority of the tax contributed by Qunxing went into the treasury of Zhongyang Finance.

Because there are two account books divided into 30% and 70%, the part of the 100 million tax that is finally paid to the treasury is 88 million, which is 88%.

With the absolute amount of tax contributed by Qunxing every year, it is not an exaggeration to say that it is a super money bag of the country. In addition to the tax base, the country also owns the equity of Qunxing Capital.

The five major Guojia team institutions hold shares, and the corresponding asset price increases mean the improvement of currency derivative capabilities.

To put it in a down-to-earth way, it can bring greater debt expansion capabilities. For example, the corresponding net asset value of 100 million in the past could be mortgaged to borrow 60 million. Now the net value has expanded to 1 billion, and the same proportion can be mortgaged to borrow 600 million.

It can be seen that the country has calculated the accounts clearly. There are too many benefits in all aspects. Overall, the benefits are definitely greater than the disadvantages. It is unreasonable not to support it strongly.

…

Soon after the news broadcast officially confirmed the “7 trillion yuan integrated storage and computing center plan”, the cryptocurrency market went crazy. It surged and plummeted during the day, and people were worried that Fang Hong would choose April Fool’s Day to do something.

Now it is 100% confirmed, and people are talking about it on the news broadcast. How can it be false? Moreover, the half-hour news broadcast alone accounts for one-third of the time, which shows the importance of this matter.

In the cryptocurrency market, Bitcoin, Ethereum and other varieties surged in response, and the whole currency circle was boiling.

“Fuck, it’s sold out…”

At this moment, a small domestic coin speculator looked at the trend of Bitcoin and shouted and slapped his thigh, because the price of Bitcoin has now broken through the previous high during the day, and the increase has soared to 78 percentage points, and the price has soared to $1,673 per coin.

He just got involved in the long position of Bitcoin, and in less than a minute, he made a floating profit of nearly 20 points. The increase was too exaggerated. He was afraid of a fall back and quickly closed the position to secure the profit. Unexpectedly, it soared to the sky.

After a while, he switched to another variety and took a look. It was Ethereum, which is also a very famous variety at present. He couldn't help but exclaimed when he saw the latest trend of Ethereum: "What the hell? It soared +197% in one day. Are you crazy?"

At this time, the price of Ethereum has soared to $178, and the corresponding market value has exceeded $5 billion, setting a new record since the birth of this variety.

The increase of Ethereum is much stronger than that of Bitcoin, but this is also based on the fact that the market of this variety is relatively much smaller. The total market value has exceeded $5 billion after a nearly 2-fold increase in one day, while the corresponding market value of Bitcoin next door has increased by 80 percentage points, but the corresponding market value is $35 billion.

However, at this moment, whether it is Bitcoin or Ethereum, they are still rushing up crazily. Other miscellaneous varieties are also standing on the vent and soaring. Some have even soared seven or eight times, and even ten times within a day. Those miscellaneous varieties have smaller plates and are more likely to explode.

All the people in the entire currency circle came out of the ICU and immediately moved to KVT to have fun. It was boiling.

As time went by, the price of Bitcoin continued to rise, and soon it doubled within a day, and its price broke through the $2,000 mark.

"It's still rising? It's still rising? The shorts have been beaten!" A retail investor who traded in coins was excited when he saw the trend of Bitcoin. At 20:44 in the evening of the 8th District, the price of Bitcoin had further soared to $2,700, and the daily increase had soared to +187%, which stunned countless coin circle players.

The major forums in the currency circle were extremely popular.

[Crazy! ]

[Both those who traded in coins and those who did not trade in coins were stunned. ]

[Ethereum has soared 350%, Bitcoin has soared 200%, damn, I missed out, seriously missed out, epic serious missed out. ]

[Damn, I was so angry, I only made 20 points, I didn't dare to chase it, but it kept rising. ]

[I'm so depressed, I opened a short position of Bitcoin at 2300, and was forced to short and liquidated, my account went down to zero overnight, 120,000 dollars went down the drain, and it doubled during the day. ]

[Haha, I opened Ethereum at more than three times and it doubled ten times in a day, but it was a pity that it was a 3,000 dollar capital, but I was satisfied with making 30,000 dollars, I quickly closed the money and put it in the pocket, it was too exciting, my hands were shaking when I was trading. ]

[Why is it still rising? Isn't the sky the end? It's so uncomfortable, I missed out on this wave of market. ]

[The good news is too big. ]

[Awesome, the price of Bitcoin has once again reached the 3,000 dollar mark, damn... Today is going to set a new record high, is Merrill Lynch, which is stuck on the top of the mountain, going to get out of it? ]

[Merrill Lynch should have sold its shares long ago, right? ]

[Didn’t they sell it? ]

[It broke, it broke, $3,400, a record high! If Merrill Lynch sells its shares, I’ll cry in the toilet, haha! ]

[6666666……]

[Crazy, crazy, crazy, I dare not reach out! ]

……

The cryptocurrency circle was in a frenzy, and the price of Bitcoin was still rising violently. In the early hours of the morning, the final price of the daily K-line was locked at $3,756.18, and because Bitcoin is traded 24 hours a day.

This night is destined to be a sleepless night for the players in the cryptocurrency circle. The short sellers were hammered today.

Bitcoin soared wildly from $940.15 to $3756.18 in one day, with a daily increase of 299.53%, tripling its nominal market value to $78.8 billion.

Relevant financial media at home and abroad are reporting on the crazy market of the encrypted digital currency market.

Just during the day, or even just an hour ago, no one would have thought that Merrill Lynch, which was trapped at the top of the mountain, would be untied. As long as the players in the cryptocurrency circle are not newbies who have just entered the market, the old players know that Merrill Lynch was set up by Fang Hong four years ago and was trapped at the historical high of Bitcoin, which was big news at the time.

Over the years, Merrill Lynch's trapped chips have not been cut off, and now it has broken through the historical high.

…

The next day, Qunxing Capital's plan to "invest 7 trillion yuan to build a storage and computing center" made headlines at home and abroad, and mainstream media newspapers were also reporting extensively.

Foreign media such as The New York Times, The Times, and The Wall Street Journal are also following up on the report, and the headlines also use the words "over $1 trillion" to attract attention. It is impossible not to report this matter.

During the three-day holiday, the 7 trillion issue was all over the screen, overshadowing the popularity of all other news.

At the same time, in the hardware market, the prices of graphics cards and other products of major manufacturers have taken off, and hardware manufacturers such as Nvidia and AMD have also exploded in orders. The demand is really too great and the expectations are even more outrageous.

On Monday, April 3, the A-share market is still closed and will not open until Wednesday, April 5, but the US stock market in the peripheral market is open.

Just today, the stock prices of related hardware manufacturers such as Nvidia and AMD in the US stock market soared, especially Nvidia, which soared +72% on the same day, setting a historical high. Not only did it break the $100 billion market value mark for the first time, it was directly pushed to a height of more than $120 billion in one breath.

This company's market value was less than 10 billion three years ago, but now it has taken off since 2016, riding on the trends of blockchain, encrypted digital currency, AI, etc., especially the current trend. The demand for storage and computing power in the Greater China market has set off a frenzy of infrastructure construction for storage and computing centers, and all the major hardware manufacturers in the world are not enough to supply.

It is worth mentioning that under Moore's Law, the performance of current chips is rapidly iteratively upgraded, and it is an exponential upward trend. Under Moore's Law, the performance of chips can easily double in one year, and the price can be reduced by half.

This is also one of the important reasons why Qunxing Capital wants to divide the 7 trillion into one trillion per year, otherwise it will be too much of a loss. Even under the classic computing architecture, the chip performance in two years will be far better than now.

However, one trillion per year is also a very exaggerated incremental market demand for this industry.

…