Hexagonal God

Chapter 640 A Battle of Wits
The day after National Day is also October 1st in the United States.

When faced with questions from reporters, President Obama once again brought up the China threat theory.

Of course, this argument is nothing new, but what follows is the key point.

Obama officially incorporated Bitcoin into the international monetary payment system.

Like the US dollar, Bitcoin can be used for payments worldwide, just like fiat currency, and thus has legitimacy.

It has to be said that Bitcoin is now quite remarkable.

Just yesterday, Bitcoin officially broke through the $90,000 mark, and its overall market value exceeded $10 trillion.

There are too many driving factors this time. It's not just Su Mo's initial intervention that boosted the market, but also the investment from American countries and the purchases by people in many Western countries, such as Japan and South Korea. All these factors combined, along with the competition with MoCoin for the top virtual currency, have led to the current sky-high price.

It's important to know that in Su Mo's dream memories, the highest price for Bitcoin was only $92,000 per coin, and that was almost ten years later.

The highest transaction price for Bitcoin is now $91,800, which has already set a new record for the highest price ever recorded, and it is nothing short of a miracle.

This situation has also given confidence to the US central bank, the Federal Reserve, and the Obama administration.

By incorporating Bitcoin into the international monetary transaction system and making it an official currency, they are preparing to end this currency war.

Since Su Tang's Mobi can be used to purchase any goods within the Su Tang Group, and now Bitcoin can be used to purchase goods worldwide, it means that its value and global recognition will completely surpass the influence of Mobi.

Although China's technology is advancing rapidly and its military industry is constantly coming up with new ideas, the United States is not prepared for war.

China's Rocket Force is not to be underestimated, especially in China's coastal waters; they have no confidence in being able to wage war against China.

Therefore, it's not easy to start a hot war now, so let's do our best to cripple China's economy first.

This is the first cut from Mobi. Now, Su Mo, a member of the Su Tang Group, has become a major threat to the United States.

Obama felt that he had to defeat the Suttang Group during his presidency in order to have a chance of being re-elected.

So he came up with his ultimate solution: incorporating Bitcoin into the international monetary payment system.

In his televised address, he even boasted: "Bitcoin payments can buy any goods in the United States. As long as you have enough Bitcoin, we can sell you our weapons, gold, and even the White House. It has the same effect as the US dollar, so you can buy with confidence."

"Under the same circumstances, Mobi obviously cannot do this. This currency war should come to an end."

It must be said that Obama's speech gave people in the Western world a lot of confidence.

This currency war has been going on for four months, and the Western world is exhausted.

Meanwhile, Mobi shows no signs of weakening, with the price of a single coin now soaring to 520,000 RMB.

Even comparing exchange rates, it's not much worse than Bitcoin.

However, the West knows that Su Mo did not make any secondary investment in the Mo Coin field; it was entirely driven up by the voluntary purchases and speculation of fans worldwide.

Every day when one million Mobi coins are released into the market, hundreds of millions of people wait to buy them.

Many people see the appreciation as an opportunity to get rich. Even though the price of a single coin has now exceeded 500,000, the number of people rushing to buy it every day is still no less than 100 million, which shows people's confidence in this virtual currency.

Compared to Bitcoin, there is actually a significant gap between the two. Without the support of those families in the United States, Bitcoin would probably have been defeated long ago.

But this time it's clearly different.

Now that Bitcoin has become a legally valid currency, it certainly has the potential to appreciate in value in the future, so people can buy it with confidence.

On the same day Obama gave his speech, the Federal Reserve and the Bank of America officially declared Bitcoin as a formal currency.

Bitcoin's price surged again that day, breaking through the $100,000 mark and experiencing a long-awaited price increase that surpassed that of Bitcoin.

At this time, apart from a very small number of people trying to buy goods with Bitcoin, the vast majority of people began to hoard Bitcoin.

In Japan and South Korea, in particular, many families are even willing to take out all their savings to bet a few Bitcoins, because they believe that the appreciation value of this thing is far greater than keeping Japanese yen or Korean won in their hands.

Yesterday it was 90,000, today it's 100,000, a $10,000 increase in one day. Only a fool wouldn't buy.

Of course, at such a high price, the poor can't afford it. Fortunately, they are all developed countries, and there are quite a few wealthy people, so there are quite a few buyers.

In contrast, Mobi's price increase was much slower.

It rose from 521,000 RMB to 523,000 RMB.

A thousand dollars increases by two thousand RMB, which is less than three hundred US dollars. The difference between that and Bitcoin is obvious.

People in the Western world, especially in Japan and South Korea, who have been suppressed for a long time, are finally beginning to hold their heads high.

They didn't need to worry about Bitcoin being overtaken by Coin, so they started mocking Bitcoin.

"Su Mo! You will never win!"

"It's only a small increase now, it will soon fall."

"You're far from being able to compete with the Republic of Korea. This time, we'll teach you a lesson you won't forget!" "Su Mo, are you scared? Now you know the wrath of the Yamato people! It's not impossible for you to beg for our forgiveness, but obediently deliver your electric vehicle technology to Toyota, and we'll dump our Bitcoin!"

"The Japanese can't be so shameless. You think you can compromise over just a piece of automotive technology? It's not that easy to ask for forgiveness from the Republic of Korea. You must bring out the lithography machine technology, otherwise we won't sell a single Bitcoin. The Mobi in your hands will soon become worthless!"

The South Koreans were even more greedy. Not only did their automobile industry suffer a severe blow, but their once-proud chip technology also almost died out after Sutang Technology developed a lithography machine.

Sutang Group has set up many production lines in China, which has driven down chip prices. Their industrial output is far from comparable to China's, and they are now facing considerable difficulties.

According to statistics from the last quarter, South Korea's GDP per capita is already hovering on the edge of developed countries. If this situation does not improve, it will not be long before they fall into the category of developing countries.

Therefore, Su Mo is extremely hated right now. The number of people who hate him in Japan and South Korea is much greater than in the United States and Europe.

This bet on Bitcoin is like a nationwide gamble for them, a gamble on the fate of the nation and on whether Su Tang can hold on.

However, Su Tang's resilience is too strong; it has been rising for so long that they are almost losing confidence.

Seeing this glimmer of hope, almost everyone wanted to kill Su Tang immediately.

In contrast to the celebrations in the Western world, people back home are very worried about Su Mo's current situation.

Due to the soaring price of MoCoin, people have assessed Su Mo's current net worth.

Su Mo's current net worth is approximately 15 trillion US dollars.

Of these, Mobi accounted for almost half, approximately seven trillion US dollars.

If Mobi were removed, Su Mo's net worth would shrink drastically, and Su Tang would certainly suffer a severe blow.

Now, no one in China is jealous of how much money Su Mo has, especially after he developed the knock engine; he has become a national hero.

Many insiders even revealed that Su Mo's interests are already tied to the country's; helping him is helping the country.

If Su Mo were to fall, it would be a great loss to the country, and Western companies would completely dominate the market, which is something no Chinese person wants to see.

So everyone is worried that Su Mo will lose this currency war.

In this situation, ordinary people can't help Su Mo much anymore, because the amount of money involved is too huge.

It's important to understand that at that time, the country's annual GDP was only 13 to 14 trillion US dollars. After all, China was still relatively poor compared to Western countries.

Haven't you seen how Western countries have been working themselves to the bone trying to win the currency war?

Whether Obama's actions are a final act of madness or the last straw that breaks the camel's back, no one can say for sure right now.

However, the negative effects of his arrival were real; within a single day, the return of Mobi exceeded the total of the previous week.

Many overseas holders of Mobi have begun to lose confidence in the currency. They are either selling their Mobi or buying SuTang products. Although the rate of return is not large, it is already a bad trend.

The next day, the daily increase in Mobi was only 600 yuan.

Bitcoin rose another $3,000, which is a significant decrease, but it still far surpasses Bitcoin.

On the third day, the price of Mobi rose by fifty yuan in a single day.

Bitcoin rose by $2,000, with the price of a single coin reaching $105,000.

On the fourth day, Mobi experienced its first negative growth!
A single-day drop of 700 yuan!
Bitcoin surges another two thousand!
On the fifth day, Mobi fell by another 1,500 yuan, while Bitcoin rose by another 1,500 US dollars!
By the tenth day, the price of Mobi had dropped by 500,000 RMB per coin, a cumulative drop of nearly 30,000 RMB!
Bitcoin, on the other hand, has officially broken through the $110,000 mark, already far ahead of the competition.

At this point, it seems that the currency war is showing signs of a clear winner.

Mobi will soon drop below 500,000 RMB. After all, with such an expensive price, many people will find it hard to resist the temptation and will choose to sell their Mobi.

With the strong support of American financial groups and Japan and South Korea, Bitcoin's price increases have been decreasing, but it has gradually stabilized.

According to financial analysts, Mobi will fall below 300,000 in a month and below 100,000 in three months.

By 16, it may become a worthless currency. Many foreign experts are urging those who hold Mobi to sell it as soon as possible.

This is a publicity stunt to make people lose confidence in Mobi.

This kind of talk is very popular now. Although many of Su Mo's die-hard fans and those who are not short of money are still unwilling to spend Mo coins, more and more people are beginning to waver.

The currency war has reached a point of no return!

On this day, Su Mo also opened his ghost account.

One Bitcoin costs $110,000.

This is an enormous bubble, and if someone were to give them a sharp prick, it might burst.

And the more than 40 million Bitcoins in Su Mo's hands will be the sharpest needle in the world!

(End of this chapter)