Gift from
2 years ago
In October 2017, the price of Bitcoin was well above $20,000.
It must be because of his intervention that the December peak that Eugene remembers came two months earlier.
“We have sold about 700,000 so far. The average sale price is $16,200, so a little over $10 billion. Ethereum has sold about 10 million units. We’ve got around $1,000, so that’s $10 billion in here. And Litecoin sold 3 million for $300, Ripple sold 10 billion for $1.3.”
Yoosung informed him of the amount he had secured by selling it.
I sold about half of the coins I had so far, and I still have that much left.
So far, only the cashed amount has exceeded 40 billion dollars, and the price of the remaining cryptocurrencies is much higher than that.
Other than that, they had a variety of coins, but even if they were combined, they did not reach one of the four main stocks: Bitcoin, Ethereum, Litecoin, and Ripple.
“The price increase is not unusual, so it is regrettable that we have sold it so far. Would it have been better if we sold it a little later?”
“That’s something no one knows.”
“That’s right. The quantity we have supplied to the market so far is about 5% of the total issuance, right? There is no way to know whether supplying that much helped or slowed the price up.”
There is no way to quantify where, how, and how profoundly Eugene’s intervention had an impact.
However, it is true that demand increased by supplying considerable liquidity and attracting rejections from all over the world.
“Are you really going to $100,000?”
“I do not know. really.”
There is no end to people’s greed. But on the other hand, all market participants felt that the bubble would end at some point.
“How about on your side?”
“Sam’s Capital believes that $100,000 will stagnate at $50,000, even if it’s unreasonable.”
The PayPal mafia knew that Eugene had monopolized the cryptocurrency exchange, and they wanted to break into this wonderful market.
They were running different companies, but this time they started business in different areas.
As many as 200 entrepreneurs are promoting and attracting each other’s businesses by forming friendships under the name of the PayPal Mafia. It was consistently performing.
Among them, Reed Hoffman, the founder of LinkedIn, is running an amazing business this time using his diverse network as a weapon.
He founded Sam’s Capital, a startup that conducts value investment by analyzing the value of cryptocurrencies. It is said that he has already received billions of dollars of funds and is investing in various cryptocurrencies thanks to his connections.
Naturally, there were a number of financial experts working on Wall Street, who said they were already making three times the return of their investment.
The success story of Sam’s Capital soon drew the attention of many Silicon Valley investors, and it is said that startups that conduct cryptocurrency investment from a financial engineering perspective are springing up in the western part of the continent as well.
As Yoosung said, Sam’s Capital was very optimistic about the future of cryptocurrencies.
A report published every day presents the highest and lowest price for each cryptocurrency in the near future. In fact, they are far more wrong than right, but their performance so far has made people trust Sam’s Capital’s predictions.
Of course, Sam’s Capital’s performance was all due to the abnormal surge in the cryptocurrency market, but people needed something to lean on to invest in this intangible virtual asset, so they would have no choice but to listen to their opinions.
“And Daniel is the one who should be prepared for the cryptocurrency crash from now on.”
Daniel Reitman, a financial expert hired by Yoosung, was a former risk management executive at Morgan Stanley, a large investment bank.
Yoosung asked Daniel to predict the possible collapse of the cryptocurrency market, and Daniel expected the current boom to collapse in the not-too-distant future.
“They say that at most three months, if it is short, the collapse could start even tomorrow.”
Prediction is only possible when there are enough data to make it happen.
And there is no such thing as data necessary for long-term prediction of the cryptocurrency market.
The only things that can be taken as a reference are the tulip bubble in the Netherlands and the East India Company crisis. As a result, it is impossible to accurately predict other than saying that the assets that have risen absurdly will collapse at any time.
“If you listen to Daniel, it makes you think that there is a possibility that the cryptocurrency market may be irreversible from this collapse.”
The two brothers here will probably benefit the most from the cryptocurrency boom.
Therefore, Yoosung has been scouting Daniel, who has the most pessimistic view, for a large amount.
It was Eugene’s theory that he should prepare for the worst when he was doing well, and Yooseong believed that his words were the most certain in the world.
“Of course, unlike the tulip wave, there are many more people who have not yet encountered crypto this time, so there is also the view that one or two crashes will make the next surge possible.”
“That’s good.”
“right. It’s definitely what my brother said. I mean, it’s far more advantageous to dominate the platform where you can buy and sell than the person who sells directly. Unless the cryptocurrency market completely collapses and nobody cares, a drop or surge in cryptocurrency prices will only help our bottom line.”
There is no way to make a sure profit by buying and selling cryptocurrencies.
However, if you have an exchange that buys and sells those cryptocurrencies, you can make steady profits regardless of market price fluctuations.
Moreover, the cost of creating such an exchange is insignificant compared to the expected profit.
“We are generating more than 10 billion won in sales per day in Korea alone. If you look at the alliance as a whole, it’s about 200 million dollars.”
As daily trading volume has increased from billions of dollars to more than $10 billion in recent days, commission income has been snowing.
The biggest advantage of a cryptocurrency exchange is that there is no significant expenditure other than the cost of maintaining the server.
It is a business with a guaranteed return of at least 50%, so it is difficult to find a field with a higher return than this.
Furthermore, Meteor dominates the monopoly system called the Alliance. This means that the two Eugene brothers own most of the profits from cryptocurrency trading.
“If the positive part of Daniel’s prediction is correct, he says that even after the collapse of the cryptocurrency market, the number of new entrants who regret missing out on an investment opportunity will increase. Then it could become the second most important investment market after the stock market.”
“It’s a good thing. Then you have to plan well in that direction.”
“Even if not, we are preparing various plans to attract new investors.”
“And the present from two years ago?”
Yoosung asked with a smile. Now is the time to use the paving stones that were laid down two years ago.
“I sent them all emails and text messages.”
Yooseong also responded with a smile similar to that of his older brother. It was only now that I could confirm how good the plan was for the paving stones two years ago.
By the time Bitcoin hit $20,000, Yoosung began contacting people he had forgotten.
– The small souvenir I gave you two years ago has now become a useful product. If you have forgotten, please check it out.
Already two years ago, Yoosung sent cryptocurrency as a gift not only to the United States but also to influential people around the world.
At the time, these cryptocurrencies were priced from about $100 to not more than $1,000 at most.
Politicians and bureaucrats are prohibited from accepting gifts of a certain amount or more under the laws of each country, so they gave a corresponding amount of cryptocurrency in strict accordance with local laws.
For example, U.S. senators could only receive up to $100, so it was a gift of $99 worth of cryptocurrency.
Of course, depending on the country, there are cases where the amount is not particularly limited, but Eugene’s business site did not exceed $1,000 at most because giving excessive gifts to foreign politicians as much as Americans could be held responsible later.
And that was enough. Now, two years have passed, the small gift of that time has risen to more than 1,000 times its value.
“About 80% of them still have them.”
Cryptocurrency futures were sent through an account on a cryptocurrency exchange operated by Yoosung.
So, you can check the cryptocurrency they will hold at any time.
Until now, most of them didn’t care too much about gifts that cost only a few hundred dollars.
Numerous politicians and related figures who were contacted by Yooseong were surprised to check the e-mails they had forgotten.
It was only a few hundred dollars worth of gifts, so I didn’t really care, but the current market price was in the hundreds of thousands of dollars. This is a huge asset that I never thought possible.
Moreover, the cryptocurrency price is expected to continue to rise.
Thousands of people who receive the message from Eugene begin to fall into trouble.
If you sell this now, you will get a huge amount of pocket money you never thought possible. However, according to media reports, it could possibly double or tenfold again.
On the other hand, most of the people who received such contact were either working in financial authorities in each country, or people with sufficient influence.
And the abnormal rise in cryptocurrency prices over the past year has raised the essential question of whether or not financial authorities in each country should start new regulations.
This is where the problem starts.
Financial authorities and politicians can catch a rise in cryptocurrency prices by regulating cryptocurrency, but on the other hand, it threatens their own asset value.
It’s only a few hundred thousand dollars now, but if it rises tenfold in the next year or so, it’s going to be a huge amount of money – millions of dollars.
In this dilemma, how many people will try to put the rope around their neck?
“Right now, too many young people are overinvesting due to the overheating of the cryptocurrency market. If we leave it like this, we will have bigger problems.”
“Cryptocurrency is a completely intangible and fake asset. Any money invested here will converge to zero at any time. It cannot be left like this.”
In addition, the Korean National Assembly and the administration were actively discussing the recent situation.
The cryptocurrency task force, which consists of the Financial Services Commission, the Ministry of Strategy and Finance, the Fair Trade Commission, the Ministry of Justice, the National Tax Service, the National Police Agency, the Bank of Korea, and the Financial Supervisory Service, has been reviewing cryptocurrencies for over a year.