Merrill Lynch has a whopping $8 billion in funding, and that's no joke, Bitcoin doesn't cost that much money at all.

Although the current nominal market capitalization of Bitcoin is $22.2 billion, it is not small, but it is not large, and half of the corresponding bitcoins have not been mined.

It is equivalent to saying that half of the nominal market value of more than 20 billion US dollars can be understood as "forbidden shares", so it is said that it is a nominal market value, and the actual circulating stock is only about half, which is more than 10 billion US dollars.

Among the $10 billion, Fang Hong hoarded 3.15 million bitcoins corresponding to more than 3.1 billion dollars, which was not among the selling pressures, so the circulation dropped to about $7 billion, and many of the bitcoins mined out were forgotten and forgot passwords, and there were a lot less.

Otherwise, Fang Hong would not be able to have a high degree of control.

Overall, even if Bitcoin rises to the $1,000 mark, the actual circulating value is far lower than Merrill Lynch's $8 billion.

Because Bitcoin is T+0, every change of hands is a transaction, and N changes of hands are N transactions, and it is a 24-hour non-stop transaction.

At present, the people who participate in this price can't hold it, and they are greedy and fearful at the same time, under the T+0 trading mechanism, many people are involved in the floating profit and quickly sell the profit, and if there is a floating loss, they also quickly cut the meat and stop the loss, and the trading volume is so soaring.

At this moment, the price of bitcoin is in the price range of $1,000 to $1,050, fluctuating up and down by about 5 percentage points.

There are many scalping participants who conduct arbitrage on high-frequency trading in this price range.

Over time, Merrill Lynch's funds have been handed over to Qunxing Capital Management, and it is now taking over the price of Bitcoin above $1,000 per coin.

Fang Hong launched three main upward waves of bitcoin from $0.6 four months ago, and pushed the price to the current all-time high of $1,059.96, during which he had more and more chips in his hand.

Until today, Merrill Lynch began to take over, and the trading team had collected as many as 4.1 million bitcoins, plus Fang Hong's own early hoarding of 3.15 million, a total of 7.25 million.

In other words, the circulation of bitcoin is already pitiful, because the total amount is 21 million, and nearly half of the bitcoin has not been mined, so it can be highly controlled.

Under normal circumstances, it is almost impossible to ship, and no one will take over.

But it's not a normal situation now, it's called directional harvesting.

Merrill Lynch's capital account received 3.5 million bitcoins today, which is about $3.5 billion, and the remaining part was directly used to make a top pattern.

……

As time passed, the Eastern Hemisphere entered the daylight, and the big A also opened as scheduled.

Affected by the collapse of the peripheral market last night, A-shares plunged on Monday, and today is another explosion, and the large-market index opened -2.33% lower with a sharp gap of 2468.03 points in the auction stage, hitting a new low this year.

After the opening, it also opened low and went low, and in fifteen minutes, the index fell to 2437.68 points, a decline of more than 3.5 percentage points.

However, then it began to fluctuate higher, and the market fell by more than 7 percentage points in two days, which was indeed too ruthless.

Yesterday has been over-falling seriously, today again low open is a good thing, if a flat open is sure to continue to kill, and a sharp low opening quickly after the low, intraday also ushered in a retaliatory rebound, not only regained the 2500 point mark, but also turned red in the afternoon.

The market was repaired directly within the day, and the people who cut the meat in the morning were directly angry to the point of self-isolation.

By the end of the day, the broader market index fell slightly by -0.03% to close at 2526.07 points, almost closing up in a loss.

……

In the afternoon, Qunxing Capital.

In the Trader's Room, where the Bitcoin trading team is located.

The person in charge of the trader entered the trading room, put the team of 30 people together anxiously and said: "Brothers, the benefits are coming, Vice President Tian just called me, all 31 members of our team will share a bonus package of 100 million, I am 10 million, and you all have 3 million, which will be directly distributed this month." ”

As soon as these words came out, the more than 30 people present immediately cheered.

And the person in charge said: "And it's dollars, or after taxes." ”

Hearing that it was US dollars, an after-tax bonus of 300 US dollars, that is, almost 20 million yuan, the 30 people present suddenly stood up excitedly and cheered.

One of the traders couldn't help but sigh: "Less than a year after joining the company, I have been free to ...... wealth"

At this time, the person in charge turned to emphasize: "However, the ugly words are ahead, not a word of our work can be leaked, not even your wife can mention it, otherwise you will bear the consequences, and you know in your hearts which is more important." ”

The team members present nodded when they heard this, everyone is smart and knows very well, in fact, to put it bluntly, the 20 million bonus is hush money in a sense.

They all know what they did, cut Merrill Lynch's leeks!

It is a financial institution that is one of the world's five largest investment banks, and it is also at the top of the food chain on Wall Street.

One word: ruthless!

One word: dare!

One word: cow!

They were also curious about how it would end.

However, the more than 30 people present also have an indifferent mentality, as long as they don't chew their tongues and cause trouble, even if something goes wrong, it is the company's business, and it has nothing to do with themselves.

After all, their vision did not reach the height of Fang Hong, and they still thought that Merrill was a victim, and they didn't know that the $8 billion was a sugar-coated shell.

……

Tranquility Villa.

Tian Jiayi came back from the company and also reported to Fang Hong the harvest of bitcoin after this harvest.

At this moment, she is reporting in the study on the second floor: "Merrill Lynch's funds have taken over 3.5 billion US dollars, excluding the cost of capital for operation, the net income of your personal account is 2.435 billion US dollars, counting the 600,000 bitcoins in your hand, according to the current market price, there are still about 600 million US dollars here." ”

In other words, the profit is about $3 billion, and the other 600,000 bitcoins worth $600 million have not yet been realized, and how much the realization is profit, the cost has been fully recovered, and the profit has exceeded $2.4 billion.

Tian Jiayi put down the materials in his hand, looked at Fang Hong and said with doubts and curiosity: "I thought you were going to sell the previous 3.15 million bitcoins together, since those chips are not moving, Merrill Lynch's funds are 8 billion US dollars, I think I can raise the price of bitcoin to the price of 2,000 US dollars, Merrill Lynch's funds are just all taken over, and the set is higher." ”

She thought that Fang Hong was planning to smash the 3.15 million to Merrill Lynch, so that more than 7 million bitcoins would be taken over by Merrill Lynch at a price of $1,000, almost cutting off the $8 billion asset management funds given by Merrill Lynch.

Hearing this, Fang Hong said with a smile: "You can't go to extremes in everything, then it's too obvious." ”

Tian Jiayi immediately asked: "Isn't it obvious now?" ”

……

(PS: There was something wrong with the computer and I didn't log in, and the update was delayed)

(End of chapter)