Coin Tycoon Also Goes to Work - Chapter 281



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Episode 281

Bitcoin has plummeted.

The correction was inevitable, and Bitcoin fell 30% in just nine days.

The anxious sentiment that the price had risen too much soon brought about negative results.

Naturally, the reason for the sudden surge in forced selling of derivatives was also a big one.

“The $64,800 Myth Shatters”

“What is the future of Bitcoin, which plummeted to $49,000? Experts have a negative view”

“The U.S., Korea, Turkey, and other countries around the world are strengthening coin-related regulations.”

“Acceleration of decline in Bitcoin-related derivatives”

“Entering the adjustment process. Bitcoin exchanges are on the verge of closing down.”

“US Treasury begins investigation into money laundering via Bitcoin”

“Bitcoin Forced Sell Occurred. What Are Chain Analysts’ Opinions?”

Fortunately, Seong-in Seo was at the forefront of peak profits through sale realization.

Many Wall Street financiers have expressed doubts about the investment success method led by Seo Jeong-in.

‘What on earth is that guy?’

Elliott met with some regular Wall Street financiers, and as they chatted, the conversation soon turned to coins. No, the conversation was mostly about Seo Jeong-in.

“There are a lot of workaholics on Wall Street. Chairman Seo Jeong-in is also a workaholic. What would it have been like if he had worked on Wall Street? He would probably have become one of the wealthiest people among us.”

“That’s not the right way to put it. He’s already the richest man in the world.”

“It is also an icon of value investing, which can be summarized as long-term, short-term, and diversified investment. It is truly amazing.”

It was not like the Wall Street financiers who loved to put others down so much.

Elliot felt his shoulders tense up as he listened to their tinkling words.

“He is nothing short of a heretic. Not only did he make astronomical profits through day trading alone, he also proved the effectiveness of an unconventional investment method that is rare among Wall Street mainstreams.”

“Why not? When selecting stocks, we only keep in mind stocks with high volatility.”

“It is consistent with our context that we must always keep a stop loss in order to avoid increasing the size of the loss.”

“The insight to pick the right time to buy and sell through technical rebound indicators also played a part.”

“Chairman Seo is definitely a short-term investor. His position is completely different from that of other financiers who say that if you pick a good value stock, there is no need to sell.”

“I’m not sure if I should call them short-term investors. There are many stocks that I’ve held for two years.”

“But most of them cleared their positions within a few months. What do you think Elliott’s investment know-how was?”

“hmm.”

Elliot answered their questions, hiding his feelings and keeping his expressions fixed.

“It was about setting and observing the cut-off criteria. The cut-off limit for Jeong-in was minus 9%. Of course, if you look at this point alone, it is correct to say that it is in line with the mainstream of Wall Street, but in terms of selecting the timing of trading through technical rebound indicators containing its own know-how, it is a strategy that is far from the mainstream of Wall Street.”

“That’s really great. Chairman Seo is the one who enjoys taking risks while sticking to the principle of cutting losses.”

Even the conservative financiers of Wall Street are now beginning to acknowledge Chairman Seo.

Elliott thought that lyricism was creating a new trend on Wall Street.

‘Jeong-in. Now even these people are acknowledging you. You can be proud.’

Elliot, who had been keeping his mouth shut for a moment, opened it.

“Seo Jeong-in is crazy because she is brave.”

* * *

I didn’t have any bad relations with Elon Musk or anything.

It was true that there was a bit of an awkward atmosphere between Elon and me.

“Jung-in. I heard that Mate Coin and its sub-coins suffered a lot of losses?”

“There was no choice since Bitcoin was the leader. Elon’s Dogecoin, however, plummeted 66% in just one month.”

Excluding stablecoins that are linked to real currencies such as the dollar, the rest of the coins could not avoid a crazy decline.

Of course, losses were inevitable for other lower-ranked coins besides Mate Coin.

However, since Mate coins have some of the value of stable coins, the decline was much less than that of Dogecoin.

As Dogecoin continued to weaken, Elon has been consistently posting on Twitter to provide support. However, it doesn’t seem to be as effective as before.

Cryptocurrency experts have been predicting that Dogecoin’s price decline will continue, with some even warning that the price could fall close to zero.

It was just as I predicted.

It was truly contradictory.

A deep sigh threatened to escape his dry lips, but Elon tried to maintain his composure as best as he could.

“Well, don’t worry, Dogecoin will be a strong partner for us Tesla.”

“The same goes for Matecoin. Matecoin has been instrumental in increasing sales of Elon’s Tesla Model Series, so Elon and I are both benefiting from it.”

“I think our boldness together led to positive results.”

“Thanks to Elon.”

“No, it’s thanks to you.”

Elon looked at me with a pleased smile, straightening his flowing hair.

The atmosphere relaxed in an instant.

“Jung-in. I heard you said you were going to build a state-of-the-art electric vehicle facility in Arizona?”

“That’s what happened.”

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“AX1’s launch in India will begin soon.”

“There’s not much left now.”

“XR virtual simulation is truly groundbreaking. Our Tesla has also introduced Mate Alpha’s XR virtual simulation, and the error rate has been greatly reduced.”

The price range of AX1 ranged from the cheapest 8 million won to 15 million won. They were targeting India, which is currently emerging as the largest market along with China.

Here, I established the infrastructure for wireless charging and infotainment in AX1.

A method that allows charging while parking and even while driving.

Efforts to significantly raise international standards to make rapid charger technology high-power were effective.

In this process, some collaboration with the Ilhwa Group was prioritized, which was a technology that could soon be used in electric vehicles.

Every time an AX1 is sold, Mate Alpha can earn a significant commission on the infrastructure it provides.

The future destiny of the Mate Alpha electric vehicle is not limited to one thing, but several starting stages have already been created.

“Tesla is really great in that sense.”

“What kind of point?”

As I said this, Elon Musk was still looking at me with a smile on his face.

“Recently, automobile companies are in chaos due to a shortage of automotive semiconductors.”

“I heard that your partner, Hankook Motors, is having great difficulties in production of the Ioniq 5.”

Due to the current shortage of PE modules, Korean Automobile is currently experiencing a production loss of approximately 12,000 units, including the Kona and Ioniq. It is said that other Korean Automobile factories are also considering reducing their operating rates or partially closing down due to the semiconductor shortage.

But what was odd was that Tesla was barely affected by the global semiconductor shortage.

“Tesla produced over 180,000 cars in the first quarter, far exceeding Wall Street expectations. Does it have the know-how?”

I looked up and looked at Elon.

Elon smiled, the corners of his lips turning up.

“Because our Tesla has its own OS, integrated control, and simple structure. We made this prediction before, so we have prepared devices to minimize the use of semiconductors. Compared to that, other car companies? They don’t have their own OS, their functional control is distributed, their structure is complex, and they use a lot of semiconductors.”

“You took the exact opposite route.”

I already knew this much because I had visited Elon’s Tesla factory in Fremont.

But what was truly groundbreaking was this.

‘It’s amazing that many mainstream vehicles, including the Model 3, can be done with just five ECUs.’

On the other hand, other companies’ vehicles have between 30 and 40 ECUs for simple vehicles and up to 90 for vehicles with many functions. In other words, Tesla has a few central integrated control units that are responsible for all vehicle functions, while other companies’ vehicles have control units that are scattered across each functional area of ​​the vehicle and operate independently.

You could see how much Elon had thought deeply about this part.

‘In the future, Mate Alpha will also have to optimize its efficiency.’

Even though Elon Musk is uncomfortable and disliked these days because of Dogecoin, this is definitely something to learn from.

Because he must be a greater person than me.

“The MCU market is very precarious right now. How can other companies avoid the semiconductor shortage when they use more than 10 times as many MCUs as Tesla? Tesla, which uses far fewer MCUs, is likely to be far ahead.”

“The same goes for simplification of the flagship model.”

“That’s correct.”

Elon looked down at his phone and then answered.

“Tesla’s main products are only Model 3 and Y, so the number of semiconductors needed is small. Other automakers have hundreds of cases, from internal combustion engine vehicles to electric vehicles.”

“The easiest way to increase the efficiency and stability of product supply is to reduce the number of products. Tesla’s product line is only four: Model 3, Model Y, Model X, and Model S. In addition, in the first quarter of last year, it reduced risk by producing only the flagship and popular Model 3 and Model Y.”

“Besides, Tesla only makes electric cars. And only two types of electric cars.”

“This is the key. The integrated electronic control design of the two models is almost identical, so from the perspective of supplying semiconductor components, Tesla only needs to worry about the semiconductor components that go into one model. Jeong-in, you need to know this when you establish an electric car brand. The principle is that simplification leads to convenience.”

“I’ll keep that in mind.”

Elon was an innovator. I was just a child compared to him.

However, since I have learned a lot, I am confident that I can reduce the margin of error. After all, this is a place where I can learn know-how directly from Elon Musk, not someone else.

“It’ll probably take over two years to build a factory in Arizona?”

“I guess so. We’ll have to get all the infrastructure in place by then.”

“As expected, you are amazing. You will succeed.”

“Our partnership with Elon will continue to be strong.”

“Haha. That’s right.”

I shook Elon’s hand without avoiding his eyes.

* * *

I predicted there would be numerous difficulties.

Of course, it is said that it takes about two years to build a factory in Arizona.

Fortunately, Vice Chairman Yeo Jae-yong of Ilseong Group stepped forward.

“Thank you for entrusting this order to Ilseong Construction. There must be many capable construction companies in the United States.”

“But I guess we can’t keep up with Ilseong Trading Company.”

“I will definitely build it.”

“I look forward to it.”

Vice Chairman Yeo Jae-yong came to Arizona in person to inspect the site.

In addition to the autonomous driving system that has already been established to some extent, one thing was requested of Johnson.

“Johnson. I want to make Mate Former an OS in itself.”

We decided to embark on a master plan to make Mate Former versatile.

In other words, it was a transformation of AI with the OS itself.

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