Chapter 171: Li Dingbo, the new president of DGC

"Switzerland is a neutral country, and it is not obliged to cooperate with any government or individual to investigate the information of the country's bank customers, and whether or not the currency person project you mentioned exists is the same for me. You brought me from the United States to Cyprus, can you tell me what exactly you want me to do for you? Li Dingbo saw that Chen Chumo was still speaking seriously, put away his smile and asked seriously.

He also took a psychology course, knowing that human beings will not neglect to pay attention to the problems related to survival because of the short free time in front of them, but will pay more attention to the problems of survival itself because they have more free time. Psychologically speaking, the Christmas and New Year's holidays should be the nodes where the number of clicks on this type of article skyrockets, rather than the big decline in clicks seen now!

"Look at these articles, and how much they've been read. This type of article was published after the 24th, and its popularity is astonishing. Chen Chumo clicked on a statistical website page again.

'We need a new type of money and reject the endless exploitation of banks', 'On the importance of decentralization of the new financial system, free from full regulation and free trading', 'Virtual currency has all the great characteristics of the new financial system and will lead the world's financial trend', 'Bitcoin was born, it is the Jesus of the financial world', 'Follow the trend of the times, this time we will not be outcasts and become the leader of Bitcoin', 'The people of Cyprus, The Great First Generation of Virtual Currency Holders' and other articles are very catchy and pierce the hearts of the Cypriot people, and each article has been read more than a million times! While most of the articles were about the government and the financial system, this article is like a prescription for the previous articles.

"These articles are suspected of hype, virtual currency I know, to be honest, I am not optimistic about the value of virtual currency. Bitcoin, which is mentioned many times in the article, is actually an advertisement placed by virtual currency speculators, who want to take advantage of the bond crisis to fool the Cypriot people into buying virtual currency in order to plunder their funds from the bank run. The sinister intentions are punished by everyone! Li Dingbo said.

"The content of the Bitcoin article is very incendiary and attractive, and the Cypriot government must immediately introduce corresponding laws to restrict the trading of virtual currencies, so as to retain depositors' deposits and deal more with the immediate debt crisis." Li Dingbo continued.

"I think contrary to your opinion, I think that these articles are very well analyzed the future value prospects of virtual currencies, and the Cypriot government should take advantage of this debt crisis to refresh its own financial order, and should legislate to recognize and protect the legal status of Bitcoin in the financial industry instead of blindly excluding and expelling it. If Cyprus can make good use of virtual currency, Cyprus will become the second world financial kingdom after Switzerland. Chen Chumo said.

"Here's a chart of the price of bitcoin, and a statistical table of the number and amount of bitcoins purchased by Cypriots in the past week, you can compare it." Chen Chumo continued.

The Bitcoin price chart is stable, and the market has been tepid after the hacking incident two years ago in 2011. It was not until December last year that the price of bitcoin began to slowly rise to the highs of 2011, and this period of price rise coincided with the node of the debt crisis in Cyprus, which is confirmed by the statistics of Cypriot people buying bitcoin.

According to the bitcoin transaction statistics table, since December 24 last year, cypriots have been buying bitcoin continuously. Especially after entering 2013, the local transaction volume of Cyprus accounted for more than 30% of the world's bitcoin transaction volume. The Cypriot people's fanatical move towards bitcoin has led to a sharp rise in the price of bitcoin market, and in just a few days, the unit price has skyrocketed from $30 to $265!

It's crazy, in less than a week, I earned 8 times the difference, no wonder the people of Cyprus have no sadness under the bond crisis at all, but a happy picture of elation!

"Cryptocurrencies do not have any actual use value, and the buying and selling is purely based on speculation. The continuous surge in the price of bitcoin is obviously the result of virtual currency investors fooling the public to irrationally follow the trend during the Christmas and New Year holidays. The government must come forward to prohibit it, and the situation must not continue to develop, otherwise Cyprus will not only lose the country, but also the people! Regarding this matter, I will write to the Cypriot government in the name of a Harvard scholar, explain the pros and cons of this matter to them, and urge them to legislate and regulate the transaction of virtual currencies in their country as soon as possible. Chumer, thank you for bringing me here and giving me the opportunity to do what I can for the general public! Li Dingbo said resentfully.

Li Dingbo has lived in Hong Kong, which is known as the world's financial free port, since he was a child, and he is deeply aware of the tricks of capitalists to fool retail investors, and he is not used to seeing the dealers bullying the common people. During this trip to Europe, he accidentally learned about Bitcoin's invasion of Cyprus, and for the sake of the interests of the big one, he took the case to expose the bad intentions of interest groups, and Li Dingbo thought that this move was of great significance.

"The value of something new can only be felt by those who come into contact with it and use it, and the government and the elite are often the ones who are the last to know it. The people of Cyprus are not stupid, and even if they can't make money investing in Bitcoin, they won't lose their money. We should give more trust to the people and be more patient with new things, maybe Bitcoin will really be the medicine that will save the world's finances. Chen Chumo disagrees with Li Dingbo.

"You're doing things for Bitcoin investors?" Li Dingbo asked.

Chen Chumo is well aware of the bond crisis in Cyprus, not only has all kinds of detailed information in his hands, but also repeatedly speaks for virtual currencies when Li Dingbo raised questions, and Li Dingbo has reason to believe that Chen Chumo is a helper invited by Bitcoin speculators to Cyprus.

"No, I'm just doing things for myself." Chen Chumo did not hide anything from Li Dingbo.

"Chu Mo, it's dangerous for you to do this. In my opinion, the hype value of virtual currencies is not as good as a shell stock on the stock market, and whoever is the market maker of bitcoin will not be able to escape the fiasco in the end. Li Dingbo said.

It has been four years since the interview of virtual currency, and although its market liquidity is strong and it proves that it should be safe as a currency, it has not been recognized by any official law. As a representative of virtual currency, bitcoin has been active in private transactions, and the prospect of use value has gradually been recognized by users, but because there is no government recognition, its price has not been able to rise to the position that people expect, which is a chicken rib for investors. It is very difficult to find someone to take over Bitcoin, and Bitcoin bookmakers cannot escape the doom of bankruptcy.

"I have no way out, all my net worth is on it." Chen Chumo said leisurely.

In fact, it is true that Chen Chumo's entire overseas net worth is either invested in DGC investment companies or in related industries. From 2011 to 2013, a total of more than $20 billion has been invested, and this battle can only be won and not lost.

"How many coins do you have in your hand, I'll help you find a way to make a move as soon as possible, even if it's a small loss." Li Dingbo said. Chen Chumo is generous, he usually takes care of himself, and he is short-handed, so it is appropriate to eliminate disasters for him.

"Now the total value of bitcoin is about $1 billion, and if I sell it at the current price, I want to buy out at least $800 million of bitcoin in my hand. If I'm not optimistic about the future of cryptocurrencies myself, who would shell out such a large sum of money to take over Bitcoin? Chen Chumo said.

Hiss! $800 million! That means that Chen Chumo's Bitcoin holdings are more than 80%. Such a large holding, that means that Chen Chumo has been buying bitcoin at a premium in the past, otherwise he would not have been able to get so many bitcoins. If this is the case, then Chen Chumo's investment in Bitcoin in the past should be more than 100 million US dollars! is so young and has so much gold, what a tyrant! I guessed that he was a local tyrant when I was in the library, but I didn't expect him to be such a local tyrant.

"And what are you going to do?" Li Dingbo asked. With so many bitcoins in hand, you can't throw them, or think of other ways to make the wronged boss a pick-up man.

"In 2011, I registered a company called DGC Financial Investment Company, with a quota of 8 billion US dollars, mainly responsible for the strategic layout of virtual currency and the acquisition of bitcoin in the market. Later, in order to promote the development of Bitcoin, I personally invested $3.5 billion in Taiwan's TSMC and $1.5 billion in Huaxia's Hanneng Film. In the past two years, the market of virtual currency has been very limited, and it is impossible to absorb such large-scale investment, and the U.S. stock market is quite stable, so I have to invest excess funds in the stock market in order to maintain its value. Chen Chumo replied unquestioned.

"In order to better manage this fund, and in order to prevent DGC's investment in virtual currency from attracting the attention of major consortia, we have registered hundreds of companies in many overseas regions, which not only hold shares in each other, but also hold shares at multiple levels. Whether it is a consortium or a government agency, it is impossible to find out that the investors behind these companies are not the ones behind these companies without a special order, because these companies are invested in a wealth management product of a Swiss bank, and are not controlled by direct investment by individuals. Chen Chumo continued.

You say that you have directly invested a huge amount of money to promote the virtual currency industry, but you can't find out that you are in control of these investments, is there such a thing? Not to mention that it can't be confirmed that it controls hundreds of shell companies, where does the $13 billion come from? First said that he held 80% of Bitcoin, and then said that he invested $13 billion in virtual currency, let's talk about a dream! Regarding Chen Chumo's whimsical statement, Li Dingbo didn't believe it at all.