Rebirth of England.

Chapter 951 Control
It is conceivable that such a crazy upward trend of BitC has brought such a shock to those who come into contact with it at this time.

This wealth effect also made it go beyond the circle for the first time and be known by more people. BitC's transactions also began to gradually expand from the small circle at the beginning.

But even so, the incremental amount pouring into this round of BitC bull market is not large compared to the subsequent bull markets.

After all, if you think about it, the amount of capital required to push the price up from 10 to 1000 is simply not on the same level as the amount of capital required to push the price up from 1000 to 10000, and from 10000 to 100000.

Behind every bull market price increase of BitC, there is a foundation for more participants to join. Even later, some technology giants and Wall Street capital began to join in after its total scale reached a certain level.

By the time Barron was reborn in his previous life, he had even become one of the topics of the American election.

"The price of BitC has been hyped up too high, which is not conducive to future development..."

Lamy’s words were also based on his previous experience in participating in DS Group’s financial investments.

Anything is excessive, especially now when BitC does not have a sufficient scale of participation, or in other words, it is still in the early stages of forming a "consensus". The current scale of its trading users is not enough to support a price of BitC of more than $1200.

In other words, such a high price of BitC will definitely not be able to be sustained for a period of time.

In fact, this is the same principle as stocks. Why is the price-to-earnings ratio of US companies far higher than that of A-share listed companies?
Of course, a company's market value can be raised in the short term through "capital speculation", and the more concentrated the company's shares are, the easier it is to raise - because often a listed company only has a small proportion of its circulating shares in the secondary market, such as 15%. That means you can drive up the company's stock price in the stock market without spending much money, and the corresponding company's market value will quickly expand.

This is why many people say that market capitalization is fake.

But it is not easy to maintain this stock price for a long time, because when the price goes up, others can take advantage of it and not sell their shares. Once the rising momentum is exhausted, it will be difficult to prevent others from making a profit and leaving the market.

Unless you can convince others that this company or this stock is indeed valuable, you are making a "value investment"...

It can be said that the U.S. stock market has gathered investors from all over the world and faces global investment funds. Therefore, companies listed there can obtain a higher price-to-earnings ratio under the "support" of these funds.

For example, if Matrix Capital and Distributed Foundation invest heavily in BitC now, the price can be hyped up to several thousand dollars, let alone $1200 - after all, the entire BitC trading volume is not large.

Moreover, in such a crazy atmosphere, there will be people who lose their minds and seek to get rich quickly and rush in to take over at high prices.

But in that case, they might earn hundreds of millions of dollars, but BitC might just be left with nothing.

After such hype, if there is no subsequent influx of sufficient incremental funds, the price of BitC will be like a balloon. No matter how it is blown up, it will eventually disappear after a "bang".

In that case, the price of BitC will drop from several thousand dollars to almost zero, and countless new investors will lose all their money. BitC will truly become a scam.

But in the final analysis, Barron's purpose is not this - if it is just to make money, there is no need for him to dirty his hands.

His purpose is to let Colo deeply participate in the development of the blockchain industry. Therefore, even the Origin Fund, which is the Matrix Capital led by Rami and participated in the BitC hype, has limited its operation scale in this bull market, because they do not want the BitC hype to get out of control.

After the price of BitC rose rapidly to over $1200, the distributed foundation that owned more than one million BitC also began to intervene, curbing the upward momentum of BitC prices by selling some of them, thus keeping the price of BitC within a relatively "healthy" range in this bull market.

Of course, after this bull market, the Distributed Foundation will also buy BitC after its price falls like a waterfall, and buy back the BitC shares sold before, which can also be regarded as dragging down the price of BitC so that it will not "accelerate downhill".

In Barron's previous life, some of his friends had already come into contact with BitC during this period. When the price of BitC rose to the sky, he also found an interesting thing. That is, many people who bought BitC when it was only a few dozen or a hundred dollars in the early days almost sold all their BitC during the subsequent price increase. Very few people were able to keep BitC until the price of BitC was calculated in tens of thousands of dollars.

And those people—

I will never buy BitC again!!

This is easy to understand. You spend 1 yuan to buy a pen, which doesn’t seem to be anything special. But one day the price rises to 50 yuan. Will you sell it?

Probably not, but what if the price reaches 500 or 5000?
Can you resist selling?

What about 50000 per piece?

When you buy it, it looks like an ordinary gel pen!
如果在这价格上涨的过程中，中间价格还一度从500元跌到过100元；从5000元跌到过1000甚至500元呢？

Then one day, when its price reaches 5 yuan, will you still hold on not selling it?
When you finally sold it, you felt like you bought it for one dollar and sold it for fifty thousand, which was a huge profit!

Then one day, you find out that its price has reached more than 70!
But you no longer have it, you sold it at 50,000.

So the next question is, would you buy this pen at a price of more than 70?

You will never buy it again, not even when you sell it for 5.

Read the error-free version at 69shuba! 6=9+shu_ba is the first to publish this novel.

Because you actually bought this pen for one dollar.

……

London, Neverland.

Just when Mikhail arrived here and was about to meet Dylan Ozdemi, he received a call from his subordinates.

"Boss, we have found traces of those people again, but they don't seem to be anything special at the moment."

Mikhail frowned and said:
"Keep keeping a close eye on them. Also, I need to know what they did, or who they contacted, during the time they were out of our sight..."

"This may not be easy, without letting them find out..."

After a moment's hesitation on the phone, he asked:

"Since they might be CIA agents, can't MI6 find out what they are doing in London?"

Mikhail took a deep breath:

"That's what I'm worried about. These people have not contacted MI6, let alone reported their mission. It seems that they definitely have something important to do."

(End of this chapter)