Rebirth of England.

Chapter 916 Bull Market Starts
By June, the first phase of this round of BitC bull market was completed and its price entered a consolidation phase.

At that time, China was one of the world's major markets for cryptocurrency, so Matrix Capital and Distributed Foundation, both of which Rami was in charge of, went to China and other parts of Asia (Japan and South Korea) during this process and participated in many related meetings and activities.

It has also invested in many related projects, including exchanges and mining machine companies.

Although Barron knew that a considerable part of the investment might not make much money in the end, because even though the price of BitC has risen sharply, its total scale is still not large, and the funds they invested in it are relatively limited...

Not to mention that the investment in a very small proportion of them, such as the investment in OKcoin and HuoCoin, will be enough to cover the total investment in the future...

And from the perspective of expanding Colo's influence in the blockchain industry, these investments are worthwhile.

It is worth mentioning that Matrix Capital managed by Ami also involves his old business - a fund called Origin Fund with an initial asset size of only US$500 million has also participated in transactions for digital coins such as BitC and LitC.

This was not Barron's instruction, but Ami himself thought that he could participate in this BitC bull market and obtain part of the profits - anyway, the more than 50 BitC owned by the Distributed Foundation and the hundreds of thousands of BitC obtained from Satoshi Nakamoto would not be sold, and the "investment" scale of the Origin Fund was very small. After instructing that it should not be the main force of speculation and just go with the flow, Barron also allowed Rami's operation.

The Origin Fund also made considerable profits in the first phase of this BitC bull market, and part of the profits were used by Matrix Capital as funds for investment in the blockchain industry.

In fact, the reason why the price of BitC has risen so sharply since April this year is not only because BitC completed its first halving last year, but also because BitC has gained more and more recognition over the years of development, or has gathered considerable "consensus".

When more and more people think that something is valuable, whether it is a kind of "metal" or a piece of "code", it gains corresponding value.

In February 2013, the news community Reddit paid service accepted BitC, followed by the blog site WordPress and domain name server hosting provider namecheap accepting BitC payments.

Since then, more and more websites, including WikiLeaks, which has gained popularity due to the "Prism Gate", have begun to support BitC payments.

In addition, on March 3 this year, the Cypriot government, which has a population of only 16 million, froze people's bank transfers, causing a bank run, which led to BitC attracting attention in Cyprus.

Of course, at the current stage, the actual usage scenarios of BitC cannot be ignored, and they are still in the gray and black areas. The reason is that the anonymity of BitC makes it the "best" currency for some illegal activities.

For example, in the "black market" of the "dark web" in the deep network, illegal transactions including intelligence, arms, and population are mostly conducted using BitC.

Even recently, when many hackers carried out virus extortion, they required the other party to use BitC to pay the ransom.

There are also many money laundering and asset transfer activities that use BitC...

For this reason, on March 3 this year, the U.S. Treasury Department's Financial Crimes Enforcement System FINCEN issued virtual currency personal management regulations in an effort to restrict the use of BitC in illegal activities and tax evasion.

Even so, at this stage, there is still a great lag in the supervision of "emerging things" such as BitC by various countries.

Colo became one of the first countries in the world to recognize the legitimacy of BitC and enacted relevant laws to protect the property rights of BitC holders. In addition, because the world's largest BitC exchange Mt.Gox is located in Colo, and both Matrix Capital and Distributed Foundation have a close relationship with the BitC Foundation, a non-profit organization that continues to develop and promote BitC after Satoshi Nakamoto "disappeared".

Rami is a member of the BitC Foundation, and quite a few of its members are closely related to him.

Therefore, with the support of the Distributed Foundation, the first Global BitC Conference was held in Britta, the capital of Colo, on May 5 this year.

More than 1300 people from around the world attended the BitC conference. The participants were professionals who have already invested in the blockchain industry, including exchanges, mining machines and other new projects, as well as senior BitC enthusiasts.

At the same time, this is also the first time that Kolo has held such a global event - even if this "BitC Conference" at this time may not be as influential or well-known as a slightly famous sports event...

Similarly, this is also the first time for almost all the participants of the BitC conference to come to Colo, a small African country that they have never heard of before.

Perhaps in addition to the fact that we previously learned that the world's largest BitC exchange moved its headquarters here after being acquired.

In their impression, Koror must be a backward and poor African country. Many people even doubted whether holding the BitC conference in Koror was a joke - would there be mobile network there?

I am afraid that if the Distributed Foundation had not funded this global BitC conference and paid for the air tickets of the participants, there would not be many people coming to this conference, let alone as many as 1300 people.

But after arriving in Brittany, everyone's impression of Africa was completely overturned...

The capital city of Brittany, built by the Kolo government, was designed by a British design firm. Although it is far from being as big as international metropolises like New York and London, it can also be called a garden city with a pleasant environment and a clean appearance.

Moreover, the BitC conference is located in the central business district (CBD) of Brittany, which is full of high-rise buildings and has a Manhattan feel.

Although Colo is an African country with a predominantly black population, you can still see many Europeans, Americans and Asians in Colo. With the implementation of Colo's talent introduction policy, there are currently more than 7 non-black residents living in Colo, accounting for 1% of the total population...

These people mainly live in big cities such as Brittany and Loti, and about two-thirds of them already have Colo nationality - because Colo recognizes dual citizenship, their immigration policy is relatively friendly to foreigners.

Some of those who came to attend the conference stayed here after the conference because of Colo’s relatively friendly policies towards blockchain.

After all, a considerable number of today's BitC enthusiasts are technology-loving geeks. As long as there is an Internet connection, life will be pretty much the same wherever they live.

After years of development, Colo's network facilities are still very good, especially in big cities like Brittany and Loti.

(End of this chapter)