After divorce, I can hear the voice of the future

Chapter 432: Bitcoin Runaway
"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 Didi of the current progress. Except for SoftBank, which has not yet expressed its position, most institutions have already stood on their side and supported the introduction of Lu Liang to assist Didi in its listing.

滴滴的前五持股机构，分别是软银17.8%、优步10.23%、企鹅7.55%、高盛5.23%，以及IDG的4.22%。

Further ahead are the Jinsha River and Redwood.

SoftBank and IDG are both neutral parties who 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 is likely to succeed.

"We all just want to give it a try. If it were me, I would also support it."

Lu Liang smiled and after a little thought, he knew what those institutions were thinking.

It is nothing more than a 2% dilution of their equity, which is not a big deal for them.

As for the 15% voting rights, apart from Goldman Sachs, Softbank and Uber, Penguin and IDG will not care.

Just give it a try. It would be best if they can go public. If not, they can buy back the shares. There is no loss for them.

"Mr. Lu, how are the preparations going on your end?" Cheng Wei asked carefully.

Just as Lu Liang said, there is no harm in inviting him to join and give it a try. The key lies in whether he can help Didi go public.

"We're almost ready. We'll do our best and leave the rest to fate." Lu Liang sighed. In fact, he wasn't particularly sure.

One of the listing rules of the Nasdaq requires 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.

It's as easy as a panda. Just submit some insignificant user data and it will pass the American review smoothly.

As strict as Didi's last submission for review, it was almost unreserved, intending to hand over all very sensitive data such as domestic users and map locations to the American review department.

This was also the reason for rejecting Didi’s listing in the United States, but no further action was taken.

It is not known whether Liu Qing did it on purpose or really followed the American legal provisions. Didi implemented it according to the strictest standards, and the Ministry of Commerce could not say much except to reject the application.

Lu Liang was not sure whether Liu Qing came with a mission or just wanted to please the Americans.

If it is the former, then no one can help.
If it is the latter, there is still room for maneuver.

Cheng Wei was silent for a long time, then slowly said, "Mr. Lu, I'll leave everything to you."

He knew very well how powerful the Liu family was, and he could also guess the reason why Didi's listing was blocked.

But now, he could do nothing to help except standing beside Lu Liang, waving flags and shouting 666.

Soon, after ending the call with Cheng Wei, Lu Liang took a car to go home.

Suddenly, Wen Chao, who was far away in Tokyo, called.

His tone was full of excitement: "Mr. Lu, are you paying attention to the Bitcoin market now?"

"what happened?"

Lu Liang was puzzled and patted Fang Shiyu on the shoulder, asking him to park the car on the side of the road, as he would get dizzy if he watched the market in the car.

Wen Chao quickly said, “Just now, the Chicago Mercantile Exchange announced that on October 5, Bitcoin will be listed on the exchange in the form of futures contracts.”

Previously, cryptocurrencies have not been recognized by the mainstream market, and their existence is like some kind of private pig-slaughtering platform in Southeast Asia.

But now it is different. The Chicago Mercantile Exchange was founded in 1848 and is the world's largest futures and options exchange.

The products sold at the beginning 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.

To date, the seven-day average trading volume has reached more than US$5000 billion.

This is undoubtedly great news for Bitcoin, no less than Panda's listing on Nasdaq.

While listening to Wen Chao's story, Lu Liang also took the tablet computer from Xu Jiawei and looked at today's market conditions.

A super big positive line, straight to the sky, today's increase is 78.5%, and the current price is 2766.75 US dollars.

Lu Liang said calmly: "How much liquidity do we have? What is the cost price? How much do we hold?"

Wen Chao replied: "There are still $4.25 million in available funds, the average price is $1693, and 33.9 coins are held."

Lu Liang immediately ordered: "Set aside 5000 million US dollars in funds, take advantage of the current surge in market activity, regardless of cost, and don't worry about whether it will affect the market, buy all of it."

Nearly 34 bitcoins, if sold at the current price in advance without affecting the market conditions, would be worth about US$9.4 million.

In less than a month, he made a net profit of 3.65 million US dollars, with an average daily profit of more than million US dollars. If Lu Liang didn't know the market trend, he might have sold it long ago, but he knew that the price had not risen to its limit yet.

USD 20852 is the limit of this market trend. If you buy now, you can still get a return of more than 650%.

This project may become the project with the highest return on investment in Lu Liang’s lifetime, or even the only one.

Because the total circulation is only 2100 million, they hold 34, which is already over 1%. With subsequent follow-up investments, it should reach 2%.

Cryptocurrencies are brand new financial derivatives that have never appeared before. If they are able to develop in the future, they can also be considered builders.

Just like BlackRock, which was separated from the financial department of Blackstone Group in 88 and lurked in the U.S. stock market when it was still immature.

Over the years, it has grown along with the development of the U.S. stock market and has now become a behemoth.

Although there is support from Jewish consortium, there is a causal relationship here. Support is given because there is development potential, not because there is support from Jewish consortium.

Nowadays, there are many people who cannot be helped.

"Okay Mr. Lu."

It was past eight o'clock in the evening and Lu Liang had not returned home. His car was still parked on the side of the road and he was still on the phone with Wen Chao.

Wen Chao's irritable voice came from the receiver, and the market, which had been stabilizing after digesting the good news, went out of control again.

3.75 million US dollars poured into the market, and in almost the blink of an eye, the daily increase went from 78.5% to 92% in an instant, and the price approached 3000 US dollars.

With a large number of buy orders sweeping the market, the $3000 defense line is as fragile as paper.

The main reason is that the market is highly inflated. Although it has been recognized by the mainstream market, it has not yet entered the market.

Previously, daily trading volume was only $100 million or $200 million, although with the announcement by the Chicago Board of Trade, today’s trading volume exceeded the billion-dollar mark for the first time.

But they hold $3.75 million, which is enough to increase the day's trading volume by another 30%.

At ten o'clock in the evening, Bitcoin's daily increase exceeded 105%, approaching its all-time high of $3182.

In mid-August, the market plummeted 45% overnight, a large number of trapped positions were released, and trading volume surged again.

At the same time, someone suddenly posted on a forum in Korea, showing off the profits he made from playing with coins today.

A screenshot shows today's profit of 612%. The cost was only 12.58 US dollars, which turned into US dollars in one day.

As long as it is a financial product, leverage can basically be used. Software such as Binance and FXCM come with a leverage of up to ten times.

If you actively apply for it, you can even get a leverage of up to 125 times. The poster has obviously used a leverage of no less than five times.

That is why we can earn more than 105% profit when the market increase is only 600%.

Once the post was sent, it immediately aroused heated discussion among a large number of netizens.

70% of retail investors in the international market are from East Asia, with % from Tokyo, % from Korea, and % from Japan.

Tokyo University is far ahead due to its huge population, and Japan's population is not small either, but Korea has the highest proportion.

Perhaps it is because the country has few resources and is monopolized by chaebols. If you don't gamble, you will never get ahead in your life.

According to a survey by Korean media, at least six out of ten young people have participated in financial investments.

With a 105% surge in one day, the existence of cryptocurrencies such as Bitcoin has quickly entered the vision of this generation of young Koreans.

A large number of retail investors from Korea poured in frantically.

By dawn, Wen Chao had already built 95% of his positions, leaving only $5000 million in reserve.

The cost price was also raised to US$1931, and the number of bitcoins held reached 48.7.

"You should also go back and rest early, and don't worry about the rest, let the market adjust on its own."

Lu Liang was just about to go home when he suddenly discovered that Bitcoin had experienced its third wave of the day.

Feeling strange for no reason, he asked, "What does your surveillance show?"

Logically speaking, now that they have completed their positions and will not buy more shares, the market should see some correction.

If panic spreads, it would be normal even if the price falls below $3000.

But the market situation is unexpectedly strange. The price of $3215 is not low, and today's increase is over 108%, but it is still sprinting upward.

Wen Chao was confused: "Looking at the transactions, it seems that they are all retail investors, and the transaction volume is basically 0.1 or 0.2, but can retail investors have such a large amount?"

Lu Liang frowned, worried that they might have attracted other people's attention by collecting funds: "Check it out and send me a message when the time comes."

(End of this chapter)