Hexagonal God
Chapter 643 The Fiercest Competition
Chapter 643 The Fiercest Competition
At the White House, Obama's black hair was already covered in sweat.
He knew without a doubt that Su Mo was behind this sell-off.
After such a long period of contact, he has gained a considerable understanding of Su Mo.
When this person wants to do something, they usually plan ahead. Just when you think you have victory in your grasp, they will step forward and deliver a fatal blow.
On the current Bitcoin website, the other party has already offered five lots of one million coins, and retail investors are clearly unable to keep up. The last three lots were all funded by the Federal Reserve Bank.
$360 billion—this amount of money is incredibly painful even for Obama's haters.
But after Su Mo unleashed his sixth move, Obama couldn't sit still any longer.
If he continued to buy, he would have to use the federal bank's reserve funds, which he didn't want to touch easily, as these funds were also needed to ensure military spending.
He started making phone calls for help.
Obama called the key figures of the Morgan family, the Rockefeller family, the DuPont family, and even the Citibank conglomerate.
In fact, these families are also paying attention to this currency war, and they all know that we have reached a critical moment.
The president called personally, so they couldn't help but express their support.
The Rockefeller family has stated that they could contribute up to $600 billion to support this currency war.
But after it's over, they must be free, unrestricted, and able to sell their Bitcoin holdings at will.
They also sensed that the Bitcoin bubble was too big, with a total value of trillions of dollars, which was entirely driven by speculation. They believed that once the currency war ended, it would soon fall back down, and they wouldn't keep something that couldn't appreciate in value.
Obama readily agreed. As long as they survived this currency war, a decline was acceptable. The priority was to ensure that the major players could sell off their holdings, and then they could reap the profits from retail investors.
Then the Morgan family and the DuPont family also expressed their willingness to contribute 360 billion US dollars. The reason for this amount is that Su Mo is selling off one lot, which is 120 billion US dollars. If they each take on three lots, that's already their limit.
Don't be fooled by the fact that these families' total assets are often in the trillions of dollars; the vast majority of it is not liquid capital, but fixed assets.
Some family wealth is deposited in banks or investment funds and cannot be easily accessed. These hundreds of billions of US dollars are what they have been carefully preparing for a long time to deal with this currency war.
Obama was already very satisfied. Morgan and DuPont could take six hands, and Rockefeller could take five hands, which would make eleven hands.
Citigroup also showed considerable sincerity, agreeing to contribute $600 billion to support the country in winning the currency war.
Adding it all up, he could accumulate sixteen wins, which gave Obama considerable confidence.
Actually, he could still mobilize 1.2 trillion US dollars from the Federal Bank, which could be used for ten more transactions. He didn't believe that Su Mo could still come up with 26 million Bitcoins.
Su Mo tossed the ball five times in a row, and each time it was caught. On the sixth toss, the opponent didn't move for a long time.
This made Su Mo a little uneasy; would things not work out with the US?
Including the one million he's already invested, he still has thirty-four million Bitcoins in his hands. If the other party can't take them all, he'll lose a lot of money.
On Bitcoin trading websites, countless people are watching what's happening here, and many streamers have even registered accounts specifically to broadcast what's going on here.
On Moyin, top streamers like Da Hui, Feng Er, Xiao Shi Zi, and Feng Timo have stopped live-streaming singing and selling products, and instead are rebroadcasting this grand event.
Although the account that was being sold off was anonymous, almost everyone knew that it belonged to Su Mo.
It wasn't just because of Su Mo's large-scale orders for oil and gold; many wealthy second-generation individuals in China also mentioned in live streams that Su Mo was the one who guided them in purchasing Bitcoin.
Su Mo has accumulated an unknown amount of Bitcoin over the years, so it's no exaggeration to say that he is the largest Bitcoin holder.
Many rich kids even regret that they should have bought more back then.
They've basically sold off all their Bitcoin by now, not even today, but when it was worth around 60,000 or 70,000. After all, not everyone can resist such a huge financial temptation.
Many buyers have become billionaires. For example, Ning Yan supported Su Mo in buying 10 million worth of Bitcoin, and yesterday she made more than 3 billion in one go, which made her sisters very envious.
The current spectacle has drawn worldwide attention, and everyone knows that this is Su Mo's offensive against the beautiful Bitcoin.
This time Su Mo won, and the United States can't take it anymore. So Bitcoin will completely fall from its pedestal and no longer want to be the universal currency of the future Internet.
If Su Mo loses, Bitcoin will drop slightly, but its position will be secure. Some people in the Western world who hold Mocoin will choose to sell Mocoin and buy Bitcoin. With this shift, even if Mocoin doesn't collapse, it will only ever be second best and will never be able to challenge for the position of the number one currency in the online world again.
In the long run, it will only decline and eventually become a small-scale currency within the Su Tang Group.
Because of the overwhelming number of people accessing the website, Bitcoin exchanges have been throttling their traffic, and many people can only watch the live stream, witnessing the most brutal battle between currencies in human history.
Su Mo's sixth move was finally taken down fifteen minutes after it was put up.
The Western world erupted in cheers. The previous moves were just a warm-up; now was the real showdown!
With $120 billion in his pocket, Su Mo didn't even blink, and continued selling for the seventh time. The other party continued to buy.
Another 120 billion in revenue!
The eighth move involved further selling, which the other party continued to buy!
Su Mo's ninth move, tenth move!
In the United States, the Rockefeller family's funds were exhausted, forcing them to stop.
The DuPont family members immediately followed up, taking down Su Mo's eleventh, twelfth, and thirteenth moves.
Thirty-six billion US dollars, a massive sum of money worth approximately 260 million RMB, was spent in just three simple transactions.
But Su Mo's dumping didn't stop. To the astonishment of countless people, he continued to sell off millions of shares at a time.
The Morgan family followed suit as agreed, taking on three orders totaling one million each, which amounted to a total of 360 billion US dollars.
After their family stepped down, the Citibank consortium took over.
This world-renowned bank has gone all out this time, spending millions at a time, leaving countless people dumbfounded.
Many people are constantly calculating that, not counting the purchases of gold and oil, and not counting the previous scattered sales, Su Mo has already thrown out one million fifteen times today alone!
No! Sixteen times already!
That's a lot of money! It's almost two trillion US dollars!
Even the United States, a developed country, should be unable to withstand this.
Sure enough, after being swallowed for the sixteenth time, when Su Mo threw out one million coins for the seventeenth time, the United States did not take any more.
The family funds that Obama sought help from have all been used up.
These family funds, combined with the previous investment from the Federal Reserve Bank, have exceeded $230 million!
Normally, we shouldn't continue this competition at this point; we should give up on this cryptocurrency contest.
Even if they win, the bubble is too big. A massive amount of funds are concentrated in the hands of a family. Once these currencies are released, no one outside will be able to absorb them, which will inevitably lead to a significant devaluation of Bitcoin.
But the cost of giving up is too high.
The investment of over two trillion yuan was immediately wasted, and the national treasury will undoubtedly be burdened with a huge deficit.
In particular, he, as president, could very well be forced to resign because of this.
These families will become Obama's nemesis; they are all his allies. Once he loses their support, he will become a president who steps down before his term expires, which will be a permanent disgrace.
Therefore, he absolutely cannot lose this; he has no way out.
After much hesitation, Obama finally made a decision.
Use up the Federal Reserve Bank's reserves, $1.2 trillion!
According to his statistics, Su Mo has already taken out 30 million Bitcoins, which is likely his final stockpile.
Obama is like a gambler with bloodshot eyes right now, almost betting everything.
Thus, the peak of this currency war arrived.
Su Mo threw out a million coins, and the United States took one million coins each, with almost no pause.
This scene, though it was just a simple change in numbers, stirred the blood of countless people.
Keep in mind that this is a whopping 120 billion US dollars, which is more than the annual GDP of many small countries.
These simple numbers represent a massive amount of money and enormous wealth!
There's no need to discuss who the world's richest man is anymore. Su Mo made over two trillion US dollars from this round of selling. What richest man can compare to him?
Even the world's number one and number two Rothschild and Rockefeller families couldn't possibly have as much liquid capital as Su Mo.
Having come this far, regardless of whether Su Mo ultimately manages to defeat Bitcoin, he has already won big.
With so much money, we should use it to heat the kang (a traditional heated brick bed) from now on; otherwise, we really don't know what to do with it.
Ten times in a row!
Su Mo tossed the ball ten times in a row, and the American side caught it ten times in a row.
At this point, Su Mo had already sold 40 million Bitcoins!
Many people thought that he could no longer have any Bitcoin, but in front of everyone, he actually threw out another million!
Just when many people thought that the United States would continue to take over, the United States actually stopped!
(End of this chapter)
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