My Fintech Empire

Chapter 506 [Personal account making tens of billions overseas]

Fang Hong glanced at the beautiful assistant, and said with the same smile: "No, no, what I said is obvious, I mean that I can't let Wall Street know that I have predicted that they want to catch me instead of cutting off Merrill Lynch. Cutting it all up is tantamount to telling Wall Street that I know their little thoughts.”

After a moment's pause, Fang Hong added: "Cutting it in half, they will think that I, Qunxing Capital, are audacious and dare to cut leeks on Wall Street. If the money is really a bait for fishing, they will definitely bear it." Well, if you can't bear it, you can make a big mess, so you can be sure. It was just my guess before, and it hasn't been verified. If they really bear it, then they can be sure."

Tian Jiayi couldn't help but suddenly said: "So that's what you thought about, okay."

Fang Hong would definitely not throw out his 3.15 million bitcoins. If he really threw them out and killed Merrill Lynch, the other party would definitely not sell them. What's the point of killing more than 90% of them?

It must be held, and it will not be cut off if it is first transferred to the list of bad debts and non-performing assets.

I really threw out the bargaining chips that I had finally collected from the floor price. Instead, I picked up the sesame seeds and lost the watermelon. The chips were all thrown to Merrill Lynch. It was impossible to get them back from the low price.

Wouldn't it be the other way around to untangle Merrill Lynch? That's tantamount to exposing yourself. At that time, everyone will know that you have millions of bitcoins in your hand, and they will directly give you a targeted blast, such as regulating cryptocurrencies. Then you will really steal chickens and lose money up.

In the future, when the encrypted digital currency market explodes, decentralization removes its own centralization, but strengthens the center of Merrill Lynch. At that time, Merrill Lynch will directly make money.

Trapping Merrill Lynch is not an end, but a means.

The ultimate goal is to reap greater profits. Compared with the price of Bitcoin soaring to tens of thousands of dollars in the future, it is now the leg meat of mosquitoes, let alone all kinds of messy digital currencies in the future.

Now that Merrill Lynch’s funds are locked in here, it is definitely impossible to cut it. It is necessary to find a way to solve the problem. If you want to solve the problem, you must be forced to give the encrypted digital currency platform, and at the same time, you can avoid some Regulatory measures that are not conducive to Bitcoin, even if they are to be issued, Merrill Lynch will lobby behind the scenes, and they will also issue some regulations that are conducive to cryptocurrency.

This is one of the great benefits of trapping Merrill Lynch.

It is worth mentioning that after Fang Hong’s personal account entered the overseas market four months ago, apart from earning 2.4 billion in Bitcoin, the actual bulk is still in the international foreign exchange market.

Although the U.S. dollar index didn’t fluctuate much, but after leveraged 20 times the funds just intervened, and stepped on the rhythm, it made a crazy profit of 6.9 billion U.S. dollars. Adding in the capital and interest of Bitcoin here, it has reached 10.3 billion U.S. dollars.

The total net worth of the current overseas personal accounts, including the principal, has reached 12.4 billion US dollars.

Tian Jiayi said: "The outside world suspects that the crazy skyrocketing of Bitcoin is the operation of Qunxing Capital behind the scenes. How to deal with these public opinions?"

"No comment." Fang Hong said succinctly, and then added: "Submit a material investment report to Merrill Lynch in a month or so, and tell them about their money and Bitcoin holdings. If it’s an LP, you still have the right to know about it.”

Tian Jiayi couldn't help laughing, she could imagine the expressions of Merrill Lynch's people when they saw this investment report.

Just sent over 8 billion US dollars, and then was told by Qunxing Capital that he had invested the money in Bitcoin, and bought 4 billion in a frenzy. He was so angry that he vomited blood. This is not a small amount.

Tian Jiayi thought that there were still 4 billion US dollars in funds, and immediately looked at Fang Hong and asked: "How to arrange the remaining part of Merrill Lynch's funds?"

Fang Hong thought for a while and then ordered: "At that time, let's throw it in the international foreign exchange market. No one in this place can do directional blasting, unless Lao Mei uses the power of the whole country to target Qunxing Capital. Even so, it will kill the first place." It’s a move that hurts one’s own self.”

In other words, it is impossible to attack Qunxing Capital in the international foreign exchange market.

Fang Hong added: "In addition, when it comes to the foreign exchange market, Qunxing Capital can fully open the US dollar foreign exchange sector. In addition, gold, a commodity, can be prepared to be short. It is estimated that 1800 and 1900 will almost peak."

Tian Jiayi lowered his eyes and remained silent, forgetting his decisions one by one.

It is worth mentioning that, against the background of the global stock market plummeting, the international gold price reached a record high today, with the highest intraday price reaching US$1,778.30 per ounce.

Compared with the stock market, the price fluctuation of gold should be much lower than that of the stock market.

However, since August, the price of international gold has accelerated and skyrocketed. It rose by +3.34% yesterday, and today's intraday high price also rose by +3.58%. This kind of price fluctuation is similar to that of stocks.

The current surge in gold prices is mainly driven by the downgrade of the U.S. bond credit rating by Standard \u0026 Poor's, and of course the plunge in global stock markets.

Funds fled from the stock market must have a place to live, it is impossible to hold cash, and the U.S. dollar index fell from the price of 88 US dollars last year to the current 73 US dollars, a sharp depreciation of 17%. If you hold US$1 million in US dollars in cash every month, your purchasing power will evaporate by US$170,000 in just one year.

So, what else can you buy besides gold?

Everyone scrambles for gold as a hedge, and the price naturally rises.

However, this also accelerated the trend of gold catching up to the top, because after August and September, the U.S. dollar index began to strengthen. In the following years, the U.S. dollar also entered a cycle of interest rate hikes and continued to strengthen.

Especially after entering the second half of 2014, the U.S. dollar index has shown a unilateral appreciation trend. The purpose is to harvest the world. The biggest fat is Huaguo. At that time, the big A-shares rushed to 5,000 points. In the era just now, it was just at that time that foreign capital was admitted to Big A.

As the U.S. dollar continues to appreciate, everyone starts to buy U.S. dollars, which will naturally trigger investors to sell gold and start grabbing U.S. dollars, and the price of gold will naturally form a selling pressure.

...

In the early hours of the evening, the closing price of Bitcoin came out today, locked at a price of $1007.92, a full-day increase of +25.75%, and a nominal market value of $21.166 billion, while Bitcoin reached a terrifying $19.8 billion in today’s full-day trading , which is just over a billion yuan, which is the same as the total size of its nominal market value.

This is also the largest single-day transaction volume created by Bitcoin since its inception, and the transaction volume of the entire day on the previous trading day was only 500 million US dollars.

Today's participants are really T+0 crazy arbitrage, and they are having a lot of fun, because the price range fluctuates between US$1,000 and US$1,050 almost all day long. When it rises to US$1,050, it sells it, and it falls to US$1,000. Buy bottoms nearby, and arbitrage back and forth in this way.

If someone wins, someone must lose.

However, the tossing of other participants in it does not affect the exchange of hands between Fang Hong's two trading teams. Other players play their games inside, and the two trading teams can change hands normally. Anyway, price fluctuations are highly controlled, and The most chips are concentrated in the hands of the two teams.

But having said that, as long as anyone with a little trading experience sees this amount of energy, they will know that today's change of hands is extraordinary. Players in the currency circle are also discussing constantly, and they are very curious about who is shipping and who is receiving. goods.

...

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