my fintech empire.

Chapter 504 [Merrill Lynch: I will pay for all the consumption! 】

As the price of Bitcoin rushed above $900, many people began to sell, but Fang Hong's trading team took over the intraday selling pressure, and continued to go up and down.

When the price rushed to a new high above $950, the selling pressure suddenly dropped sharply.

The long players holding chips began to choose to cherish the chips, because the price increase of Bitcoin has really broken through the sky, and people's cognition has been refreshed crazily.

No one dares to look empty.

At the same time, at around 01:12 in the morning, the price of Bitcoin broke through the unprecedented $1000 integer mark. The specific price hit today’s intraday high of $1059.96, and the intraday increase expanded to +32.24%. Its nominal market value reached reached a new historical high of 222.59 billion US dollars.

At this moment, Fang Hong was not sleeping.

He was manipulating the overall situation behind the scenes. Just after the price of Bitcoin was pushed to the $1000 mark, Qunxing Capital's trading team and Fang Hong's private trading team started to dispatch at the same time.

The former’s funds for operating Merrill Lynch began to receive orders above the price of 1000 US dollars, and the latter began to ship. Huge amount.

In fact, these two trading teams are both from Qunxing Capital, but the latter is currently serving Fang Hong personally.

At the same time, the Bitcoin community, whether domestic or foreign, is boiling, and countless players in the currency circle are as excited as if they were pumped.

[Crazy, crazy, crazy, crazy! ]
[It can be raised to $1000, oh my God, people are dumbfounded. ]
[Bitcoin is definitely promising, and its value will only increase in the future, because the total amount is constant and decentralized. ]
[That's right, since the old US started quantitative easing, look at the nuclear-powered money printing machines in various countries that can print unlimited money and harvest unreasonably. Every time a nuclear-powered money printing machine is turned on, your wallet will be invisible. In a flash, the value of Bitcoin is instantly highlighted. ]
[Please don't go crazy, you're going crazy and I'm going crazy too! ]
[It's short at first glance, haha! ]
[Blast the empty dog! ]
[As a melon-eating crowd, Big A’s Leek, looking at the trend of Bitcoin these days, people who really hit it are stupid. ]
[You can really get rich overnight! ]
[It's really so high that the six relatives don't recognize it. ]
[Just ask who else dares to short Bitcoin? The ones worth 800 dollars are gone, the ones worth 700 dollars have been completely cooled, the ones worth 600 dollars have been buried alive, the grass on the graves of 500 dollars are two meters high...]
[Wait, it must be a chicken feather. ]
[Haha, you should be jealous, that's all you know,]
[This thing really has a hedging property? ]
[This trend is the best interpretation, the recognition of funds, firmly bullish. ]
……

With the emergence of the third wave of Bitcoin’s super market, people’s thinking has also begun to change when it breaks through people’s cognition again and again.

At the moment, against the background of the global stock market slump, the mad bull market in the encrypted digital currency market has also attracted the attention of major capital markets around the world, and the crazy skyrocketing has also become the focus of attention.

Many media at home and abroad are also reporting the crazy market of Bitcoin. For example, Forbes described it as follows:
[Bitcoin detonated the encrypted digital currency market and staged a market that shocked the world. The characteristics of decentralization and constant total amount make encrypted digital currency have the definition of asset hedging, and are favored by more and more people. People seem to begin to abandon traditional finance. The industry has joined in the carnival of this unprecedented feast...]

Bitcoin broke through the historic $1000 mark today, bringing the popularity of encrypted digital currencies to an all-time high.

When the market in the first wave rose from US$0.6 to US$52, the accumulative increase of more than 85 times, the participants firmly believed that this was the top of the universe, especially when the Mt.Gox trading platform was hacked later.

As a result, not only did it not plummet, but it started a second wave of stronger main rises, with nine consecutive rises all the way to $302.56, a cumulative increase of more than 503 times.

Then Mt.Gox declared bankruptcy, and the price of Bitcoin exploded to $50 in three days. Participants firmly believed that this time it must be over, and it was definitely the top of the universe.

Unexpectedly, the "White Knight" fell from the sky. A financial giant group with a level of 50 billion dollars from Greater China acquired the Mt. It skyrocketed by more than +200%. After half a month, the third wave of the mad bull market started, which made people stunned. The record high of 300 US dollars was easily broken, and it has risen to more than 302.56 US dollars today.

第一段主升浪从0.6美元到52美元累计涨幅超85倍，第二段主升浪从17.5美元涨到302.56美元累计涨幅超16倍；第三段主升浪从50.31美元涨到现在的历史新高1059.96美元，累计涨幅超过20倍。

而从0.6美元到1059.96美元累计涨超1765倍，若是按照第一个公平汇率价值0.008美元计价，累计涨幅更是达到了让人瞠目结舌的13.249万倍。

Pizza brother continues to be popular in the currency circle. The pizza he bought for 1 bitcoins has appreciated again and is now worth 1000 million US dollars.

These incredible and unbelievable data undoubtedly explain to a certain extent why the participants in the currency circle are so crazy.

However, while the skyrocketing Bitcoin has attracted global attention, Qunxing Capital has also been mentioned frequently. Many people in the investment community and some media have questioned and pointed out that behind the mad bull of Bitcoin is the operation of Qunxing Capital. ridiculous farce.

People in the investment circle are not fools. Without the promotion of big institutions and big capital, such a market like Bitcoin would absolutely be impossible.

What's more, Qunxing Capital bought the Mt.Gox trading platform before.

Coincidentally, it really has a lot to do with Qunxing Capital.

Qunxing Capital chose not to comment on the market's doubts. Fang Hong had expected such an incident a long time ago, and had a plan for how to respond to the outside world.

Don't worry, wait until Merrill Lynch takes over.

After receiving the order, we can respond, that is, we are openly optimistic about the prospects of the encrypted digital currency market, and we have already established a position at the position of 1000 US dollars, and it is a heavy position.

It's just that Merrill Lynch's money is the heavy warehouse.

But don’t panic, we believe that the price of Bitcoin at $1000 is still undervalued. As long as the long-term period is extended, the price of Bitcoin at $1000 is still at a historically low level. When we invest in Bitcoin, we don’t care about short-term fluctuations, but long-term value .

But at this moment, the price of Bitcoin has been trading sideways above the price of $1000 for more than two hours. It has not continued to skyrocket to new highs, but it has not plummeted to new lows either.

However, the trading volume at this position is exploding to the sky, and the current trading volume has exceeded an unprecedented 150 billion US dollars. You must know that more than four months ago, the daily trading volume was less than 100 million US dollars.

When the participants saw this situation, many players in the currency circle also felt that the situation was about to change, and everyone ran away to cash in.There are also some participants who feel that Bitcoin is about to fall, and they are also cautious and tentatively open short positions.

But the success of the board is so strong that it is unimaginable. This inevitably makes the participants and onlookers very curious about who will take over in this position?
So much so that participants dare not easily open heavy positions and short positions, because during this period of Bitcoin skyrocketing, there are corpses of short positions everywhere.

As for who will take over in this position?

The answer, of course, is Merrill Lynch. Merrill Lynch is paying for everyone's carnival!
……

(End of this chapter)