Chapter 1605 (1/2)

”I know they will make a lot of money.” Qin Feng said calmly, ”but in your opinion, what is the estimated price in their heart?”

Damon pondered.

”I mean how many dollars a piece. You have been on Wall Street for so many years, you should be very clear about their price estimates. Even if there are differences, it's not far away. You're overestimating. ” Qin Feng said frankly.

Damon calculated silently.

”In my opinion, bitcoin can be fried up to $800-1000. But they are investment banks. They can get $3000 a piece. ” Damon said.

3000 dollars a piece, which is a sky high price.

You know, this is just a worthless virtual currency.

It has no output and completely depends on computer mining.

In this case, does the other party need cost to hype up? unwanted.

Of course, electricity and labor.

This is not too big.

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

The total output of bitcoin is only 25 million. If one is worth $3000, the total market value will exceed $75 billion.

This is a very amazing number. For those investment banks, of course, they can't get so much. But even a little, you can make a lot of money.

There's no problem making a few hundred million dollars less.

Don't think this figure is very small. It seems that these major investment banks earn hundreds of millions of dollars after hard work, which is too little.

In fact, it's good to have hundreds of millions of dollars in income in one investment. In particular, the cost of this investment is very small. You can exchange hundreds of millions of dollars for hundreds of thousands of dollars.

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

As an investment bank, it is very clear that the greater the interest, the greater the risk.

Any benefit is linked to risk.

This has been regarded as low risk and high investment.

Why aren't they satisfied?

Only the poor want to be fat in one breath.

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

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

And too big bets often dissipate the wealth accumulated by past efforts.

”3000 dollars!” Qin Feng grinned, ”Damon, it's too little, too little.”

”How much do you think it can rise?” Damon looked at Qin Feng.

”I say it for fear of scaring you.” Qin Feng said with a smile.

”5000, no, 8000 dollars?” Damon stared at Qin Feng.

Qin Feng smiled.

It's only $8000. Do you still need to be so enthusiastic.