Rebirth of England.

Chapter 810 Progress
To be precise, Barron doesn’t care whether BitC can change the world, as this is too idealistic.

He just needs to ensure that BitC can at least have a development trajectory similar to that of his previous life. Well, if it can last longer, it would be even better.

If BitC can really become a currency value anchor similar to gold in the future, Colo, which embraces BitC, will definitely be able to gain corresponding voice in this field.

Even if they cannot reach this level, at least they can benefit from the development of the entire industry.

Barron knew that in his previous life, although there were countries that used Bitcoin as legal tender, they were all very small countries...

Take El Salvador for example. On June 2021, 6 in the original time and space, the Congress passed a proposal to make BitC a legal tender. This is also the first country in the world to recognize BitC as a legal currency.

But in the final analysis, there is a reason why El Salvador, a country that most people have never heard of, made such a decision...

El Salvador is located in Central America, and its land area is less than half of Colo...

Well, seeing that it is located in Central America, you should have a general understanding - the regions with the highest crime rates in the world, such as Guatemala, Honduras, and El Salvador, have been at the top of the global murder rankings for many years...

There is no way, it is too far from heaven and too close to America.

In terms of economy, El Salvador's official currency, the Salvadoran Colón, was gradually abandoned due to a sharp devaluation in 2001. Since then, El Salvador has simply stopped issuing its own currency - using the US dollar as their official currency.

Then in 2008, the subprime mortgage crisis hit…

El Salvador helplessly discovered that its own El Salvadorian Colón had depreciated so much that even using U.S. dollars was unreliable - with the Federal Reserve's "massive money printing", the U.S. dollar also began to depreciate.

The point is that if the dollar depreciates, the United States can provide cash compensation to its own people, but El Salvador will have to bear the negative impact of the dollar depreciation...

So the fact that El Salvador has designated BitC as their legal tender is simply because their situation is bad enough that they might as well give it a try, since it can’t get any worse anyway…

However, judging from the situation before Barron's rebirth, El Salvador's approach was actually a blessing in disguise - although the price of BitC fluctuated greatly, at least because of the continuous use of state funds to buy BitC, they still made a lot of profit in the end.

Otherwise, it would be impossible that after El Salvador, more countries and regions would prepare to use BitC as their legal currency.

Even so, the situation in Colo is different from those "barefoot people are not afraid of those wearing shoes" countries. It is not necessary to put all the chips on BitC. It only needs to be friendly enough to this industry like Lijiaopo or Dubai later.

And it does not include the 60 BitCs from Satoshi Nakamoto that Barron plans to "seal" and not use. The Distributed Foundation controlled by him alone holds more than 50 BitCs and has been continuously buying them.

Therefore, in the future, Distributed Foundation will become the biggest dealer of BitC.

Colo's position in the overall development of BitC is far beyond the reach of countries like El Salvador.

……

"At present, our King's Cross renewal plan has completed the first and second phases of the project, and the remaining two phases will be completed in the next ten years..." Speaking of which, the King's Cross renewal project led by Argent Real Estate Group has been going on for more than 8 years. Coming here with Earl Bute again, Barron can find that the appearance of the King's Cross has undergone earth-shaking changes compared to the earliest time.

Although Barron still believes that the project progress here is a bit slow, objectively speaking, this is already a relatively smooth project in the UK.

King's Cross Station has been transformed, making the area once again a transport hub for London.

The flow of people coming and going naturally provides vitality to the renovated King's Cross district.

"In the King's Cross district, the London government focuses on promoting several industries with the strongest ability to create wealth in modern society, in addition to finance: technology, creativity, fashion, design, and the music industry are gathered here..."

Earl Bute pointed to the office building not far away and said:

"At present, quite a number of companies have moved their London headquarters here. In addition to the planning of London, our newer facilities and relatively cheap rent are also the main reasons."

In the business district not far from King's Cross Station, the O2 Telecom Building particularly attracts people's attention.

In addition to O2 Telecom, which has long moved its headquarters to King's Cross, many top companies including technology companies such as Google and Woaw Technology, as well as Universal Music, Sony Music, and Havas Group have set up their headquarters in the King's Cross district.

It can be seen that the King's Cross district still has great development potential, and Argent Real Estate Group has successfully become one of the leading real estate groups in the UK through its development here.

You should know that this area, including some high-end apartments and office buildings, except for a few buildings such as the O2 Telecom Building and the King Cavendish Building that are directly sold, most of the residential and office buildings are owned by Argent Real Estate Group and only rented out.

Although this will take up a lot of funds, at the same time, because high-end residential and office buildings in London have been in short supply and rents continue to rise, it will be able to bring a continuous and stable cash flow to Argent Real Estate Group.

"In addition to the projects that have been completed, the third and fourth phases will also include several large shopping malls and commercial complexes, which are expected to be put into use by 2018 at the latest, and by then they will be able to enrich the business formats in this area..."

Standing on the side of the road at this time, Barron could see many men and women dressed in suits and ties, like white-collar elites, hurriedly walking down the street.

Although they are surrounded by a lot of entourage and bodyguards, which makes people can't help but look here twice, almost no one will stay to watch and will leave immediately.

"I am still very optimistic about the real estate industry in the UK. After the previous economic crisis, the real estate recovery is coming, so I think Argent Real Estate Group still needs to continue real estate development in London. Well, in addition to London, Liverpool and Manchester are also worth developing."

Hearing Barron's words, Earl Bute nodded:
“That’s true, but our overseas development is also very good. Although it is not easy to invest too much money in India, at least the project in Mumbai is still very successful.”

"Some cities in India are also developing well, and there is a great demand for commercial real estate and high-end residential properties, but Ian..."

Barron said carefully:
"Our model there has to be different from that in England. There is no need to hold on to properties forever. We need to focus on selling them."

He still holds his consistent attitude that investment in India and long-term planning are things that are easy to fall into traps, so it is safest to quit while you are ahead.

(End of this chapter)