Li Yang originally thought Li Xiao wouldn’t sell Bitcoin anymore because Bitcoin was on the rise.
As soon as he arrived at the teahouse, Li Yang saw an Extre Shadow car.
Upon seeing Li Xiao, he noticed the NFC key of the Extre Shadow car, and he understood that the car belonged to Li Xiao.
There are hardly any Extre Shadow cars in Capital City. After all, the service center in Capital City was just set up, and only about twenty or thirty cars are delivered daily.
In a vast city like Capital City, you might encounter one every two weeks, even if you’re out driving frequently.
Anyway, this was the first one Li Yang had seen.
After Li Yang ca in, he laughed and said, "Congratulations, brother! You are now worth over a hundred million US Dollars."
Li Xiao quickly responded, "Brother, you’re flattering . Although the price of Bitcoin has risen, the trading volu hasn’t. Even if I want to cash out, I can’t."
That’s why Li Xiao ca to see Li Yang today.
Bitcoin indeed rose, and so did his net worth.
However, the situation is still pretty much the sa as before. The trading volu isn’t enough. He could secretly sell a few dozen daily, but anything over two or three hundred becos risky.
It doesn’t take much; selling three hundred a day for a month would weigh down the market.
After all, only a few thousand Bitcoins are traded across the entire network every day; occasionally, it might reach ten or twenty thousand, with the trading volu constantly fluctuating between several million to twenty or thirty million US Dollars.
To truly unload twenty or thirty thousand, you’d have to trade privately without entering the market.
Li Xiao, who has studied Bitcoin for so many years, knows better than anyone that if you cash out in large numbers now, the hard-earned popularity will crumble.
No one else will co to play. Even if you cash out, you’re rely breaking even or making a small profit, while the rest of the Bitcoin would be stuck in your hands.
Li Yang asked, "I see Bitcoin’s trading volu has doubled since last year. Shouldn’t that make it easier to cash out?"
Li Xiao helplessly replied, "But the price of Bitcoin has tripled. In relative terms, trading has shrunk this year."
He didn’t believe Li Yang didn’t understand.
Li Yang imdiately replied, "That’s a good thing. Shrinking volu with rising prices in the stock market ans there’s potential for the future. A big market is brewing. It seems like I should congratulate you on your net worth hitting one billion or even two billion US Dollars."
Li Xiao definitely knows that Bitcoin, at this point, just needs an opportunity.
After Li Yang sat down, Li Xiao imdiately said, "Brother, I want to sell another batch of Bitcoin."
Li Yang was surprised, "Brother, you shouldn’t be short on cash, right? I feel Bitcoin can definitely hit two thousand US Dollars or even higher. Don’t you feel it’s a loss to sell now?"
Li Xiao said seriously, "I believe Bitcoin can reach twenty thousand US Dollars."
"Ah? Then it’s even more reason not to sell."
Li Yang still wasn’t sure what exactly this guy wanted to do. With such confidence in Bitcoin, why co to him?
Shouldn’t he regret selling fifteen thousand to him?
He only spent less than four million US Dollars in total, and now those Bitcoins are worth fifteen million US Dollars.
Li Xiao’s expression beca even more serious, and he said word by word, "I want to build a platform, but I’m short of money. I want to partner with you."
Li Yang quickly waved his hand and said, "That’s not possible. Trading virtual currencies in China is against the rules, and setting up a platform is illegal. You better find soone else for that."
Li Xiao is really daring.
Sothing he wouldn’t dare to do in a past life, he’s bold enough to try in this one.
Essentially, Li Xiao is a madman. It’s not surprising he has such thoughts.
But Li Yang doesn’t see the need.
Is it lucrative to run a Bitcoin platform?
It definitely is.
Even without knowing future trends, making several tens to hundreds of millions of US Dollars is easy because, in a few years, Bitcoin’s trading volu will be enormous.
Just like brokerage firms, why do they always lead in a bull market?
Brokerage firms face stiff competition; there are more than a hundred brokerages for A-shares. However, if a Bitcoin trading platform gets established, it could easily capture at least thirty percent of the market share.
In a market where daily trading volus are tens of billions of US Dollars, what does a thirty percent market share an?
The transaction fee for Bitcoin contract trading is generally 0.02% for posting orders and 0.05% for taking orders.
Let’s calculate based on a minimum daily trading volu of twenty billion US Dollars, the daily fees would amount to 1.4 million US Dollars.
It’s not uncommon for a Bitcoin platform to capture thirty percent of the market share. Platforms that often burst usually have a ten to twenty percent share. If Li Yang wants to do it, he certainly wouldn’t burst even once.
Slowly, it would be possible to expand the share.
Bitcoin runs year-round without holidays, earning at least four hundred thousand US Dollars a day, which is more than a billion dollars a year.
And that’s underestimating it.
In reality, in a few years, Bitcoin will be crazy, with daily trading volus over a hundred billion US Dollars, even reaching nearly eight hundred billion on particular days.
Average daily trading of two hundred billion is effortless.
In that scenario...one could earn fifteen to sixteen billion dollars a year.
Moreover, contract and spot trading aren’t necessarily related. Bitcoin’s contract trading exceeds spot trading, sotis by several tis.
For example, Binance, in 2019, had an average twenty-four-hour Bitcoin contract trading volu of two hundred ninety billion US Dollars, reaching as high as seven hundred sixty billion in a single day by 2021.
Of course, including both Bitcoin contracts and spot trading, their market share is only about fifty percent.
That’s also why Binance’s CEO was willing to be fined seventy billion US Dollars; he has plenty of money.
If you secretly swallow so contracts using platform privileges, the earnings could be even more.
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