Chapter 432 Bitcoin on the Run
“Mr. Lu, I talked to Mr. Xiong from IDG this afternoon and I have received their support.”
Cheng Wei breathed a sigh of relief and informed of the current progress. , except for SoftBank, which has not yet expressed its position, most institutions have already stood in their camp and support the introduction of Lu Liang to assist Didi in listing.
The top five holding institutions of Didi are SoftBank 17.8%, Uber 10.23%, Penguin 7.55%, Goldman Sachs 5.23%, and IDG 4.22%.
Afterwards are the Jinsha River and Sequoia.
SoftBank and IDG are neutral parties that only want to make money. Uber and Goldman Sachs support Liu Qing, and Penguin should support him.
Now IDG Capital has also stated that the plan to invite Lu Liang to join has a high probability of success.
"They all have the idea of giving it a try. If it were me, I would support it."
Lu Liang smiled, and after thinking for a moment, he knew what those organizations were thinking. What.
It is nothing more than a 2% dilution of the equity in hand, which is not painful for them.
As for the 15% voting rights, except for Goldman Sachs, SoftBank, Uber, Penguin and IDG, they don’t care.
Anyway, give it a try. It’s best if you can get listed. If you can’t get listed, you can still buy back the equity, which will not cause any loss to them.
"Mr. Lu, how are you preparing?" Cheng Wei asked carefully.
As Lu Liang said, the key to inviting him to join without suffering a loss is whether he can help Didi go public.
"We are almost ready. We will do our best and obey fate." Lu Liang sighed. He was actually not particularly sure.
One of the listing rules of the Nasdaq is that companies listed in the United States must provide all corporate data for review by relevant U.S. departments.
This type of review can be strict or loose.
Songru Panda, casually submit some insignificant user data, and it passed the review of the United States smoothly.
Yan Ru Didi submitted almost no reservations for the last review. He planned to hand over all very sensitive data such as domestic users and map positioning to the review department of the United States.
This is also the reason why Didi rejected Didi’s listing in the United States, but did not take the next step.
I don’t know if Liu Qing did it intentionally or if she really followed the legal provisions of the United States. Didi followed the strictest standards. The Ministry of Commerce could not say much other than rejecting the application.
Lu Liang was not sure whether Liu Qing had a mission or just to please Lao Mei.
If it is the former, then it will be difficult for anyone to do it.
If it is the latter, there is still room for maneuver.
Cheng Wei was silent for a long time and said slowly: "Mr. Lu, I leave everything to you."
He knew very well how powerful the Liu family was, and he could also guess the reason why Didi was blocked from going public.
But now, apart from standing next to Lu Liang and waving flags and shouting 666, he could not do anything to help.
Not long after, Lu Liang ended his call with Cheng Wei and took the car to go home.
Suddenly, Wen Chao called from far away in Tokyo.
The excitement in his tone could not be concealed: "Mr. Lu, are you paying attention to the Bitcoin market now?"
"What's wrong?"
Lu Liang was confused, patted Fang Shiyu on the shoulder, and asked him to park the car on the side of the road. He was reading the market in the car, and he was prone to dizziness.
Wen Chao hurriedly said: "Just now, the Chicago Mercantile Exchange announced that on October 5th, Bitcoin will be listed in the form of futures contracts."
Previously, cryptocurrency has been None of them have been recognized by the mainstream market, and their existence is like some kind of private sale of pigs in Southeast Asia.
But things are different now. The Chicago Mercantile Exchange was founded in 1848 and is the world's largest futures and options exchange.
At the beginning of its establishment, the products were mainly agricultural and sideline products that were not resistant to storage, such as soybeans, butter, and eggs.
After more than a hundred years of development, many non-agricultural products have been introduced, such as gold and silver.
Today, the seven-day average transaction volume has reached more than 500 billion US dollars.
This is undoubtedly great news for Bitcoin, no less than Panda’s listing on Nasdaq.
Listening to Wen Chao's story, Lu Liang also took the tablet from Xu Jiawei and saw today's market conditions.
A super positive line reaches the sky, with an increase of 78.5% today, and the current price is $2766.75.
Lu Liang said calmly: "How much liquidity do we still have, and what is the cost price? How much is the holding amount?"
Wen Chao replied: "There are still US$425 million in available funds, on average The price is US$1,693 and he holds 339,000 pieces.”
Lu Liang immediately. He ordered: "Reserve US$50 million in funds and take advantage of the current surge in market activity. Regardless of the cost or whether it will affect the market, buy them all."
Nearly 340,000 Bitcoins, if It was sold at the current price without affecting the market conditions in advance, which was approximately US$940 million.
In less than a month, the net profit was 365 million U.S. dollars, and the average daily profit exceeded 10 million U.S. dollars. If Lu Liang didn't know the next market trend, he might have sold off long ago, but he knew that the rise had not ended yet.
USD 20,852 is the limit of this market, and there is still a yield of more than 650% if you buy it now.
This project may become the project with the highest return on investment in Lu Liang's life, if not one of them.
Because the total circulation is only 21 million coins, they hold 340,000 coins, which has exceeded 1%. Subsequent follow-up investment should reach 2%.
Cryptocurrency is a brand new financial derivative that has never appeared before. If it develops in the future, they can also be regarded as builders.
Just like BlackRock, it became independent from the financial department of Blackstone Group in 1988 and lurked in the U.S. stock market when it was still in its infancy.
Over the years, it has developed with the development of the US stock market and has now become a behemoth.
Although there is support from the Jewish consortium, there is a causal relationship here. Only when there is development potential will support, not only the support of the Jewish consortium will have development potential.
These days, there are many Adou who cannot be helped.
“Okay Mr. Lu.”
At around eight o'clock in the evening, Lu Liang did not go home. His vehicle was parked on the side of the road, and he also kept on the phone with Wen Chao.
Wen Chao's irritable voice came from the receiver. The market, which had stabilized after digesting the good news, went wild again.
USD 375 million entered the market violently. Almost in the blink of an eye, the increase that day went from 78.5% to 92% in an instant, and the price approached US$3,000.
With a large number of buying orders sweeping the market, the $3,000 defense line is as fragile as paper.
The main reason is that this market is so artificially high that although it has been recognized by the mainstream market, it has not yet entered.
Previously, daily trading volume was only between one and two billion dollars, although with the announcement from the Chicago Board of Trade, today's trading volume exceeded the billion dollar mark for the first time.
But what they hold is US$375 million, which is the amount of funds that can increase the trading volume of the day by another 30%.
At ten o'clock in the evening, Bitcoin's daily increase exceeded 105%, approaching the all-time high of $3,182.
In mid-August, the price dropped 45% overnight, a large number of people were locked up, and the trading volume surged again.
At the same time, someone suddenly posted a post on a certain forum in Korea, showing off the gains from playing coins today.
A screenshot shows a profit of 612% today, and the cost was only US$20,000, which turned into US$125,800 in one day.
As long as it is a financial product, you can basically use leverage. Software such as Binance and FXCM all come with leverage up to ten times.
If you actively apply, you can even get a leverage of up to 125 times. The poster clearly used a leverage of no less than five times.
That’s why we can get more than 600% profit in the market with an increase of only 105%.
As soon as the post was sent, it immediately aroused a lot of heated discussions among netizens.
70% of retail investors in the international market are from East Asia, with 50% from East Asia, 30% from Korea, and 20% from Neon.
Dongda is far ahead due to its huge population. Neon’s population is not small either, but Goryeo has the highest proportion.
Maybe it’s because primary schools have few resources and there are chaebol monopolies. If you don’t gamble, you won’t be able to get ahead in your life.
According to Korean media surveys, on average, at least six out of ten young people have participated in financial investments.
With a one-day surge of 105%, the existence of cryptocurrencies such as Bitcoin has quickly entered the horizons of this generation of Korean youth.
A large number of retail investors from Korea poured in crazily.
Almost early in the morning, Wen Chao had completed 95% of his positions, leaving only $50 million in reserve.
The cost price was also raised to US$1,931, and the number of Bitcoins held reached 487,000.
"You should go back and rest early, and leave the rest alone and let the market correct itself."
Lu Liang was just about to go home when he suddenly discovered that Bitcoin broke out in the third wave of today's market.
I felt strange for no reason and asked, "What does your monitoring show?"
It stands to reason that since they have completed the position building, they will not attract funds in the future, and the market should correct some.
It is normal if there is panic and even falls below $3,000.
But the market is unexpectedly weird. The price of US$3,215 is not low anymore. It has increased by more than 108% today, but it is still sprinting upward.
Wen Chao was confused: "Looking at the transactions, it seems that they are all retail investors, with basically a trading volume of 0.1 or 0.2, but can retail investors have such a large number?"
Lu Liang frowned, worried that they were attracting other people's attention: "Check it out and send me a message then."
(End of Chapter)