Coin Tycoon Also Goes to Work - Chapter 293



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Episode 293

Days when money makes money.

The feeling of realizing something so obvious was indescribable and ambiguous.

One thing I realized was that I was now in a position to take everything for granted.

“Mateka pre-order reservation rate at its highest”

“Mate Pickup Truck Reservations in the US Reach 3,000 Units This Month”

“The average price of a Mate car is $47,000. A Mate pickup truck is $70,000.”

“Stretching for Mateka Innovation”

“Seo Jeong-in, who was competing head-on with coins, is now preparing to switch to electric vehicles.”

“What is the true nature of Chairman Seo Jeong-in that makes Elon Musk nervous?”

“Seo Jeong-in. The miracle of electric cars. The US government also reveals a plan to completely revise corporate tax benefits for Mate Giga.”

The reason the US government is pushing for Mateca is intertwined with the current economic situation.

The U.S. economy, the center of the global economy, is pursuing a loose macroeconomic policy centered on large-scale liquidity supply.

It managed to bounce back from the aftermath of the pandemic with its might.

But concerns were raised that high inflation could persist after the Biden administration passed a spending package worth 8.7% of U.S. GDP in Congress shortly after taking office.

And those fears became reality.

The impact of the US fiscal spending is already showing through the expansion of consumer spending, while the supply side is not keeping up with the rapid expansion of demand.

In other words, due to the shortage of labor supply caused by the pandemic and the disruption of the supply chain throughout the economy, production, shipments, and inventory accumulation were not keeping up with new orders. In other words, the current U.S. economy is in an imbalance where demand pressure and supply distortion coexist, and as a result, high levels of inflation are being confirmed in the data.

Even now, inflation is expected to remain above 3% for a considerable period of time.

“US Federal Reserve’s Interest Rate Raise Plan This Year”

“No more inflation. The US government has drawn its sword.”

“Semiconductor companies’ stock prices fall”

“Omicron contagiousness added. Interest rate hike. Worst signal flare”

“The Fed may raise rates six times this year.”

“Chairman Powell’s decision. “We need to raise interest rates further.”

“Zero Interest Rates No More”

The Federal Reserve announced its own tapering schedule and began the process of normalizing monetary policy.

The US monetary tightening was having various impacts on the global economy and financial markets, including a contraction in domestic demand, a rise in long-term interest rates and the value of the US dollar, and a decline in risk asset preference.

Such changes in trends will have a negative impact not only on the prices of various stock and bond markets, but also on the financial environment of households and companies.

But I have no worries.

[As supply fails to keep up with demand, the reverse downward trend in the semiconductor crisis is actually fueling the fire. Today, the return from short selling and put options is $6.7 billion.]

As soon as the interest rate outlook changed, the amount of money I was making was beyond my imagination.

In addition, after the announcement that Mate Alpha would build a semiconductor factory, the stock prices of TSMC, Ilsung Electronics, and U.S. semiconductor companies fell even faster.

This could be interpreted as the emergence of a strong competitor.

[Unfortunately, it appears that mATE-12 is less effective than Pfizer against the new Omicron variant virus. The only positive news is that mATE-11 is easier to distribute. For now, the demand for mATE-11 is still very high.]

The Omicron variant was first reported in southern Africa, and most of the first confirmed cases around the world also visited the African continent.

The country where the Omicron variant was first discovered, with large-scale outbreaks reported in Mozambique or Malawi, is believed to be Botswana.

[The best we could do was to analyze the samples detected in Botswana and produce results that could first inform the international community of the existence of the Omicron mutation. And it seems that Pfizer and Moderna also recognized the existence of our medical AI, so they actively utilized biological AI, and emerged as strong competitors. There is a high possibility that we will lose this all-out war against the Omicron virus vaccine.]

“It’s okay. It doesn’t matter who develops first and benefits. The most important thing is that people are safe.”

[In South Africa, more than 70% of new infections are revealed to be infected with the Omicron variant. We are in close contact with the Africa Centers for Disease Control and Prevention, and we have also invited infectious disease researchers from the University of Washington in the United States to our lab. We will discuss in depth the genetic sequence analysis of samples obtained from Botswana and South Africa.]

“Okay, I understand. I hope you continue to do your best.”

In addition to Dr. Samuel’s Mate Biology Lab, we recently completed another infectious disease lab, and we have organized the researchers from these labs into a dedicated Omicron team.

Nick Nichi, who was Dr. Samuel’s chief researcher, went over to the infectious disease research center and was able to talk to me later.

[Considering that many local countries do not have sufficient capacity to analyze the genome of the coronavirus and that only a small portion of the samples collected during the coronavirus testing process are being analyzed, fortunately, Mate Alpha Bio’s efforts are likely to be effective soon. Although Pfizer is quickly gathering the path and moving forward to respond to the Omicron transmission, the analysis at this stage is bound to have limitations in accurately identifying the emergence and movement of the Omicron mutation. For now, we will do our best to secure the base sequence and then accelerate the research on effective antibodies.]

There are already 31 countries where the Omicron mutation has been confirmed.

Infectious disease patients were emerging one after another not only in Korea and France, but also in Hong Kong and Canada.

But paradoxically, this Omicron mutation led to a decline in the US stock market, which fueled my investment.

I blinked.

“Bin Salman deliberately took over an American financial company and even issued options to compete with me. What should I do?”

Bin Salman’s complete defeat was approaching.

* * *

Another problem arose.

“Russia and Ukraine Enter Tensions”

“Putin increases self-propelled artillery in Ukraine border area”

“Putin announces order to start military operations”

Russia launched a special military operation.

As war was imminent and large-scale arms production was underway, there was much analysis that the large number of armed forces would later pose a threat to NATO countries in Eastern Europe as well.

The New York stock market is in an uproar once again.

‘This guy is really becoming a bad guy.’

While all the investment tycoons that were said to be successful were unable to avoid decline, I was the only one who was enjoying an unprecedented high.

* * *

The conflict between Russia and NATO countries over Ukraine was escalating.

Elliot came into my mansion only after the sun had set and night had fallen, clicking his tongue while holding a wine glass in his hand.

“Russia has finally done something about it. It looks like the war clouds are gathering.”

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I agreed enthusiastically with Elliot’s words and asked,

“What will happen next?”

“What, what could be the big deal? If Putin’s personality is right, he’ll probably try to swallow up Ukraine.”

Russia has deployed large-scale troops to the border between Ukraine and Russia, as well as to the Crimean Peninsula, which has been annexed by Russia, under the pretext of joint exercises, along the border between Belarus and Ukraine.

And about this, Elliot said this:

“What’s funny is that we are building large-scale process plants to become self-reliant in semiconductors and chips. And unintentionally, the semiconductor shortage is accelerating. Who would have thought that your short selling and put option investment of $100 billion would be so successful? Your prediction is truly frightening.”

I managed to force a smile onto my frozen face.

“Nothing. The fear of war is more of a problem in the current situation.”

“There are growing predictions that Russia will invade Ukraine, mainly from NATO’s major research institutes and media outlets. Originally, it was expected that Russia’s military actions would end up as a show of force or a local war, as before, but as you said, it is now taking the form of a real war.”

“We should build a bunker in the basement.”

“That’s an interesting idea. Give it a try.”

“If you have time.”

I nodded. Elliot looked at me with a puzzled look.

“But when are you going to do it?”

“What is it?”

“marriage.”

“!”

Elliot chuckled.

“You should think about the future now. When you’re in one position, you can be quite unstable if you’re alone. Kang Seo-yoon seems like a pretty good woman. In the end, timing is the most important thing when it comes to marriage.”

“Isn’t it a bit odd for Elliot, who is not married, to give advice?”

“You’re a bigger workaholic than me, but sometimes you just have to make a change. That’s life.”

I cut him off mid-sentence when Elliot raised his voice.

“Let’s stop there. Actually, we’ve already decided to get married.”

“What? Really?”

Elliot was speechless for a moment, then broke the silence.

“Are you really always ahead of me?”

“haha.”

“If we get married, let me receive your wedding gift.”

“Congratulatory money? Would anyone really give cash as a congratulatory money to Kang Seo-yoon and I at our wedding? If so, it would probably be enough to fill up the wedding hall.”

Elliot couldn’t answer. His face seemed to assume that was true.

“War is war, and we do our job.”

“That’s right. There’s still a lot of work to be done in the future.”

“But it’s really surprising that investors aren’t reacting to the unprecedented decline in Mate Coin.”

I spoke as if I was passing sentence on a plausible statement.

“But among altcoins, Mate Coin has done the best in price defense.”

“That’s true. Even the leader, Bitcoin, has fallen dramatically.”

When the leading cryptocurrency Bitcoin goes down, it is inevitable that altcoins will be swayed. The only historical fact is that Matecoin’s value has fallen less than Ethereum’s.

That alone would have reassured investors. Of course, some investors are still hesitant and some are in pain.

Still, it was significant enough that it faced less downward pressure than Ethereum.

“Oh, right. I have a suggestion.”

“What is it?”

“After completing the Mate Ka, we’ll have to do a safety test, right?”

“That would be essential.”

“Let’s produce about 50 units and conduct our own tests through our SNS before handing them over to NHTSA. I mean, crash tests and other standard tests. Since you’re putting safety first, I think that’s the most important thing.”

“Elliot, you know my heart so well.”

“I don’t know you?”

I laughed.

“Let’s get a perfect score from the National Highway Traffic Safety Administration, which is higher than Tesla.”

* * *

Elon Musk was buying and selling Dogecoin again. This time, he realized his profits just before Russia invaded Ukraine, and many investors who had been holding Dogecoin followed him and criticized him.

“DOGE was sold temporarily due to reinvestment in Tesla. I will buy it again soon.”

Elon Musk can be downright shameless at times.

‘I really don’t know whether I should call him a true businessman or an agitator.’

Elon Musk had such great influence that he could cause a decline in the New York stock market or even completely turn the coin market upside down.

He had such blind faith in his own abilities that it made me frown.

I don’t usually brag on social media about what I bought or sold, except for a few exceptions like Trevor Milton, Dogecoin, or Korean cars.

Elon Musk and I are currently engaged in a fierce battle for the first and second place among the world’s richest people.

Even if we assume that Bin Salman is completely excluded from the ranking of the rich, he has now risen to become one of the world’s richest people and has been secretly keeping Elon Musk in check.

It’s been feeling steeper lately.

Today, Elon Musk took another stab at me.

A Twitter user asked Elon Musk:

“Musk, can Chairman Seo Jeong-in’s Mateca overtake Tesla? If so, how likely is it?”

Elon Musk responded to the Twitter user in less than five minutes:

“It shouldn’t take Mate Ka decades to catch up with Tesla. Even when you’re eating steaks on Mars with Dogecoin and driving a Tesla to work on Mars.”

It was a clear case of mateca.

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