Chapter 810 Progress

To be precise, Barron doesn't care whether BitC can change the world. This is too ideal.

He just needs to be able to ensure that BitC can at least have a similar development trajectory to his previous life. Well, it would be better if it can last longer.

If BitC can truly become an anchor of monetary value similar to gold in the future, Kolo, who embraces BitC, will definitely be able to gain the corresponding right to speak in this field.

Even if they cannot reach this height, at least they can get dividends from the development of the entire industry.

Barron knew that in his previous life, although there were countries that used BitC as legal currency, they were all very small countries...

For example, El Salvador was approved by Congress on June 9, 2021, to use BitC as a legal currency. This is also the first country in the world to recognize BitC as a legal currency.

But in the final analysis, there are reasons for El Salvador, a country whose name most people have never heard of before, to make such a decision...

El Salvador is located in Central America, with an area less than half the size of Colo…

Well, seeing that it is located in Central America, you should have a general understanding - areas with the highest crime rates in the world, such as Guatemala, Honduras, and El Salvador, have been among the top countries in the global murder rankings for many years...

There's no way, it's too far from heaven and too close to America.

In terms of economy, El Salvador's official currency, the Salvador Colon, suffered a sharp devaluation in 2001 and was gradually abandoned. After that, El Salvador stopped issuing its own currency and used the US dollar as their official currency.

Then in 2008, we encountered the subprime mortgage crisis...

El Salvador was helpless to find that the value of its Salvadoran Colon had depreciated so much that it was unreliable to use U.S. dollars. With the Federal Reserve's "big release", the U.S. dollar also began to depreciate.

The key is that if the US dollar depreciates, the United States can pay cash compensation to its people, but El Salvador will completely have to bear the negative impact of the US dollar depreciation...

Therefore, El Salvador has designated BitC as their legal currency because their situation is already bad enough. It is better to give it a try. No matter how bad it is, it will not get any worse...

However, until the situation before Barron's rebirth, El Salvador's approach was a blessing in disguise - although the price of BitC fluctuated greatly, at least because they continued to use state funds to buy BitC, they would still have a lot of money later. profit.

Otherwise, it would be impossible for countries and regions to adopt BitC as their legal currency after El Salvador.

Even so, the situation in Kolo is different from those countries where "barefooters are not afraid of wearing shoes". It does not mean that they will put all their chips on BitC. They only need to be like Lijiapo or Dubai later, and have enough experience in this industry. Just be friendly.

And excluding the C that Barron plans to "save" and not use, the C from Satoshi Nakamoto, the distributed foundation he controls alone holds more than 500,000 BitC, and has been buying continuously. .

Therefore, in the future, the distributed foundation will become the largest banker of BitC.

Colo’s position in the entire development of BitC is far beyond that of a country like El Salvador.

…

"At present, our King's Cross neighborhood renewal plan has completed the first and second phases of the project, and the remaining two phases of the project will also be completed in the next ten years..."

Speaking of which, the King's Cross neighborhood renewal project led by Argent Real Estate Group has been in progress for more than eight years. When he came here again with Earl Bute, Barron was able to find that the appearance of the King's Cross neighborhood was the same as in the earliest days. , there have been earth-shaking changes.

Although Barron still believes that the progress of the project here is a bit slow, objectively speaking, in England, this project is already progressing relatively smoothly.

King's Cross station has been renovated, making the area once again a transport hub for London.

The flow of people coming and going naturally provides vitality to the renovated King's Cross neighborhood.

"In the King's Cross neighborhood, the London government focuses on promoting the major industries with the strongest wealth-generating capabilities in modern society in addition to finance: technology, creativity, fashion, design, and the music industry are gathered here..."

Earl Bute pointed to the office building not far away and said:

"Quite a few companies have already moved their London headquarters here. In addition to the planning given to London, our updated facilities and relatively cheap rent are also the main reasons."

In the business district not far from King's Cross Station, the O2 Telecommunications Building particularly attracts people's attention.

In addition to O2 Telecom, which has already moved its headquarters to King's Cross, technology companies such as Google and Woaw Technology, as well as many top companies such as Universal Music, Sony Music, and Havas Group, have their headquarters in King's Cross. .

It can be seen that the development potential of the King's Cross neighborhood is still great, and through the development of this area, Argent Real Estate Group has successfully become the leading real estate group in the UK.

You must know that this area includes some high-end apartments and office buildings. Except for a few buildings such as the O2 Telecommunications Building and the Cavendish King Building, which are sold directly, most of the residential and office buildings are sold by Argent. It is owned by the real estate group and is only rented out.

Although this will take up a lot of funds, it will also bring continuous and stable cash flow to Argent Real Estate Group because London's high-end residential and office buildings have been in tension and rents have continued to rise.

“In addition to the projects that have been completed so far, the third and fourth phases also include several large shopping malls and commercial complexes, which are expected to be put into use in 2018 at the latest, which will enrich the business formats of this area. …”

Standing on the roadside at this time, as far as Barron could see, he could see many men and women in suits and white-collar elites hurriedly walking past the street.

Although they are surrounded by a lot of entourage and bodyguards, which makes people unable to help but take a second look, almost no one will stop and watch and will leave immediately.

“I am still very optimistic about the British real estate industry. After the previous economic crisis, real estate recovery is coming, so I think Argent Real Estate Group still needs to continue to develop real estate here in London. Well, in addition to London, Both Liverpool and Manchester are worthy of development.”

After hearing Barron's words, Earl Bute nodded:

"That's true, but our current overseas development is also very good. Although it is not easy to invest too much money in India, at least the project in Mumbai is still very successful."

"Some cities in India are also developing well, and there is also a huge demand for commercial real estate and high-end residences, but Ian..."

Barron said cautiously:

"Our model there must be different from that in England. There is no need to hold on to it all the time. It needs to be mainly about selling."

He still maintains his consistent attitude. As for investment in India and long-term planning, it is easy to get into trouble. It is safest to just accept it as soon as possible.