Chapter 1891 The Most Suitable

"I know they will definitely make a lot of money." Qin Feng said calmly, "But from your perspective, what is their estimated price?"

Damon pondered.

"What I mean is the price of one dollar. You have been on Wall Street for so many years, and you should be very clear about their estimated price. Even if there is a discrepancy, it is not far off. You overestimated." Qin Feng said frankly.

Damon silently calculated in his mind.

"As far as I'm concerned, Bitcoin can be worth up to US$800-1,000 per coin. But they are investment banks, and they can sell it for US$3,000 per coin," Dimon said.

At $3,000 a piece, this is simply a sky-high price.

You know, this is just worthless virtual currency.

It has no output of its own and relies entirely on computer mining.

In this case, does it cost the other party to hype it up? unnecessary.

Of course, there are electricity costs and labor costs.

This one isn't too big.

The electricity bill is a little more, but the labor cost is very small. You just need to check it at the appropriate time to see if the computer has crashed. In this regard, the cost is really low.

The total output of Bitcoin is only 25 million. If one coin is worth US$3,000, the total market value exceeds US$75 billion.

This is a very astonishing number. For those investment banks, of course, they can't get that much. But even a little bit can make a huge fortune.

At least there is nothing wrong with making hundreds of millions of dollars.

Don't think this number is small. It seems that these major investment banks have earned hundreds of millions of dollars after hard work. This is too little.

In fact, it is already very good to earn hundreds of millions of dollars from a single investment. In particular, the investment cost is very small. Your investment of hundreds of thousands of dollars can be exchanged for hundreds of millions of dollars.

In the eyes of investment banks, this is already the most cost-effective deal in the world.

As an investment banker, we know one thing very clearly: the greater the benefits, the greater the risks.

Any benefits are linked to risks.

This can be considered low risk and high investment.

Why are they not satisfied?

Only poor people would want to become fat in one go.

As everyone knows, when you eat to become fat, danger also comes.

Maybe you got away with it this time, but what about next time? Maybe it failed.

And bets that are too huge will often dissipate the wealth accumulated through past efforts.

"3,000 US dollars!" Qin Feng grinned, "Dimon, this is too little, too little."

"How high do you think it can go?" Damon looked at Qin Feng.

"I said it because I was afraid of scaring you." Qin Feng said with a smile.

"5,000, no, 8,000 US dollars?" Damon stared at Qin Feng.

Qin Feng had a smile on his face.

It’s only $8,000, so why do you need to be so enthusiastic about it?

"You didn't think it would rise to $10,000, did you?" Dimon's brows were like the word "Chuan".

Qin Feng rolled his eyes directly.

"Isn't this enough? 15,000?" Damon took a breath and said.

"Damon, I spend so much energy just for such a small amount of money?" Qin Feng asked.

Damon lost his composure at all.

"Don't say it will rise to 20,000 US dollars!" Dimon complained, "How is this possible? It's just a virtual currency, 20,000 US dollars a piece, 25 million US dollars, then the total value is 500 billion US dollars!"

That’s $500 billion!

How can this be.

Can it be that valuable?

"Why not? The total number is only 25 million. And what is needed is all the illegal transactions in the world. In this world, where there is sunshine, there is darkness." Qin Feng said lightly.

Damon took a deep breath.

"If this is the case, then they will definitely regret it." Dimon thought, "At that time, they may catch up again midway. But in that case, they will inevitably speculate it even higher. But at a certain point, maybe There will be an avalanche!”

"What should I say?" Qin Feng's mind moved.

"When they first speculated it to $3,000, they thought they had made a huge profit. This would make them look good on the company's annual financial statements. However, they soon discovered that something was wrong and the price went up even more. . Regarding the company, there will be some rumors. Especially the higher the price rises, the worse the evaluation of them." Dimon said.

In the financial world, you can only succeed, not fail.

Because no matter how many times you succeed before, as long as you fail once, you will leave and fall into the mortal world. The financial world never believes in heroic counterattacks. The financial world only believes that the winner is the winner. If you lose, you are not a loser.

"Suppose it's $3,000, and they take action. Then it rises to 4,000, and collapses at 5,000. They are all heroes. But if it keeps rising, and rises to 6,000, they will be questioned. Because they misjudged the situation. If it reaches 7,000, They will lead to questions from senior management. If it reaches 8,000 and the momentum is still rising, their evaluation will be very poor." Dimon said.

"If your price rises to 10,000 US dollars, then they will enter the market if they want to restore their personal reputation. Of course, they will never enter the market at 10,000 US dollars, but will enter the market in advance. At that time, they will definitely speculate as high as possible , and make a big fortune. At that time, if it collapses, it will probably be an avalanche." Dimon said, "In that case, will Bitcoin holders abandon it?"

After all, this is a virtual currency, and Dimon has never been exposed to it. He could only ask Qin Feng.

"No." Qin Feng shook his head, "Because the people who need Bitcoin are not us, but the people in this world whose assets have unknown origins and are hidden under the sun. They need it. As long as there is a need, it has the value of existence. "

Damon nodded.

This is indeed different from the currencies he has been exposed to in the past. In the past, currencies were because everyone needed a trading platform and trading tools. So it exists. But because there are many kinds of currencies, everyone will consider more valuable currencies for transactions.

For example, the world trades US dollars, not Zimbabwean dollars.

Although virtual currency is also driven by people's needs, its demand is not because of the need for currency transactions, but because of some unknown secrets.

This leads to the fact that no matter how this currency collapses, it still has its value.

Unlike the currencies of some countries, when they fall to a certain level, they are simply abandoned and no longer used.

Previously, Dimon was worried that Bitcoin would be ruined by these investment banks.

It would be a pity that Qin Feng worked hard to come up with it, but it was ruined by the investment bank in the end.

Now from this analysis, no matter how you play, it can't be broken. Because there are a lot of people in need. Including those in investment banks, they also have some shady money.

Bitcoin is undoubtedly the most suitable. Since it is the most suitable, there is no need to worry about them ruining Bitcoin.

On the contrary, perhaps their actions will make Bitcoin more valuable.

After all, wanting people to trust a virtual currency is definitely not something Qin Feng and he can do. Only when these big investment banks come in can we do this.

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