Chapter 504 [Merrill Lynch: I will pay for all consumption!]
Chapter 504 [Merrill Lynch: I pay for all purchases!]
Author: Zhaolingsiyu
Chapter 504 [Merrill Lynch: I pay for all purchases!]
As the price of Bitcoin surged above US$900, many people began to sell, but Fang Hong's trading team caught all the selling pressure and continued to push upwards.
After the price reached a new high above $950, the selling pressure suddenly dropped sharply.
The long-term players holding chips began to choose to be cautious, because the price increase of Bitcoin has really exceeded the sky, and it has crazy refreshed people's understanding.
No one dares to be bearish.
At the same time, around 01:12 in the morning, the price of Bitcoin broke through the unprecedented integer mark of 1,000 US dollars. The specific price hit today’s highest intraday price of 1,059.96 US dollars. The intraday increase expanded to +32.24%, and its nominal market value reached
reached a record high of US$22.259 billion.
At this moment, Fang Hong was not sleeping.
He was controlling the overall situation behind the scenes. Just after the price of Bitcoin was pushed to the $1,000 mark, the trading team of Star Capital and Fang Hong's personal trading team began to dispatch at the same time.
The former operated Merrill Lynch's funds and began to take orders above the price of 1,000 US dollars, and the latter began to ship goods. The two teams exchanged hands with each other. The price trend of Bitcoin began to trade sideways above the price of 1,000 US dollars. At this time, the trading volume was overwhelming.
Huge amount.
In fact, these two trading teams are from Qunxing Capital, but the latter currently serves Fang Hong privately.
At the same time, the Bitcoin community at home and abroad is in a state of excitement, and countless players in the currency circle are as excited as chicken blood.
[It can actually go up to 1,000 US dollars. Damn Ward, people are dumbfounded.]
[Bitcoin definitely has great potential, and its value will only get higher and higher in the future because the total amount is constant and decentralized.]
[That's right, since the United States has engaged in quantitative easing, look at the nuclear-powered money printing machines in various countries that can print unlimited money and harvest unreasonably. Every time the nuclear-powered money printing machine is started, your wallet will be invisible.
With one handful, the value of Bitcoin is instantly highlighted.]
[Please stop going crazy. If you go crazy, I will go crazy too!]
[At first glance, I’m short, haha!]
[Blast the empty dog!]
[As a melon-eater, a big-A leek, looking at the trend of Bitcoin these days, people who really support it are dumbfounded.]
[You can really get rich overnight!]
[It’s really so bad that you won’t even recognize your relatives.]
[Just asking, who else dares to short Bitcoin? Those who opened at 800 dollars are gone, those who opened at 700 dollars are already cold, those who opened at 600 dollars have been buried alive, and those who opened at 500 dollars have a grave with grass two meters high.
Already...]
[Just wait, it must be a mess.]
[Haha, you are just jealous, that’s all you understand,]
[This thing really has hedging properties?]
[This trend is the best explanation, the recognition of funds, firmly bullish.]
…
As the third wave of Bitcoin's super market comes out, people's thinking has begun to change as it continues to break through people's cognitive highs again and again.
At present, in the context of global stock market crashes, the mad bull market in the cryptocurrency market has also attracted the attention of major capital markets around the world, and its crazy surge has also become the focus of attention.
Many media at home and abroad are also reporting on the crazy market price 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 volume make encrypted digital currencies have the definition of asset hedging and are favored by more and more people. People seem to be starting to abandon traditional finance.
The industry has joined in the carnival in this unprecedented feast...]
Bitcoin broke through the historic $1,000 mark today, making the cryptocurrency more popular than ever.
When the first wave of market prices rose from US$0.6 to US$52, with a cumulative increase of more than 85 times, participants firmly believed that this was the top of the universe, especially when the Mt.Gox trading platform suffered a hacker attack.
As a result, not only did it not plummet, but it started a second wave of stronger main rising waves. It rose all the way to 302.56 US dollars for nine consecutive days, with a cumulative increase of more than 503 times.
Then Mt. Gox declared bankruptcy. Within three days, the price of Bitcoin exploded to 50 US dollars. Participants firmly believed that this time it was definitely over and it was definitely the highest in the universe.
Unexpectedly, a "white knight" descended from the sky. A financial giant group with a level of 100 billion US dollars from Greater China acquired the Mt. Gox trading platform, causing the price to skyrocket from US$50 to over US$200 on the day the news came out.
It skyrocketed by more than +300%, and half a month later it started the third wave of staggering mad bull market. It easily broke through the record high of US$302.56, and rose to over US$1,000 today.
The first section of the main rising wave has a cumulative increase of more than 85 times from US$0.6 to US$52; the second section of the main rising wave has risen from US$17.5 to US$302.56, a cumulative increase of more than 16 times; the third section of the main rising wave has risen from US$50.31 to the current
A record high of $1,059.96, a cumulative increase of more than 20 times.
The cumulative increase from US$0.6 to US$1,059.96 has exceeded 1,765 times. If calculated according to the first fair exchange rate value of US$0.008, the cumulative increase has reached a jaw-dropping 132,490 times.
Pizza Brother continues to be popular in the cryptocurrency community. The pizza he bought for 10,000 Bitcoins has appreciated again in value and is now worth 10 million US dollars.
These incredible and incredible data undoubtedly explain to a certain extent why the participants in the currency circle are so crazy.
However, while the skyrocketing price of Bitcoin has attracted global attention, QunXing Capital has inevitably been mentioned frequently. Many people in the investment community and some media have questioned and pointed out that behind the Bitcoin mad bull is QunXing Capital.
absurd farce.
People in the investment circle are not fools. If a market like Bitcoin were not driven by big institutions and big capital, it would never be possible.
What's more, Qunxing Capital previously acquired the Mt.Gox trading platform.
What a coincidence, it is really closely related to Qunxing Capital.
Stars Capital chose not to comment on the market's doubts. Fang Hong had long expected such an incident and had already planned 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 cryptocurrency market, and we have already established a position at $1,000, and it is a heavy position.
It's just that it's Merrill Lynch's money that's heavily invested.
But don’t panic. We believe that Bitcoin’s price of $1,000 is still undervalued. As long as the time period is extended, Bitcoin’s price of $1,000 will still be a historically low level. When we invest in Bitcoin, we don’t care about short-term fluctuations and value long-term value.
.
However, at this moment, the price of Bitcoin has been trading sideways above $1,000 for more than two hours. It has not continued to rise sharply to a new high, but it has not plummeted to a new low.
However, the trading volume at this position is exploding to a huge amount. The current trading volume has exceeded an unprecedented 15 billion US dollars. You must know that more than four months ago, the daily trading volume was less than 1 million US dollars.
When participants saw this situation, many players in the currency circle also felt that the market was about to change, and everyone ran away to cash out. Some participants also felt that Bitcoin was going to fall, and they were cautious and tentatively opened short positions.
However, the reception on the board is so ridiculously strong that it is simply unbelievable. This inevitably makes participants and onlookers extremely curious about who is taking over at this position?
So much so that participants did not dare to open short positions easily, because during this period of time, the skyrocketing Bitcoin price was littered with the corpses of short sellers.
As for who will take over this position?
The answer is of course Merrill Lynch. Merrill Lynch is paying for everyone’s carnival!
