My American magical life
Chapter 827 - 827 45 King's Game 5 Utterly Insane Mass Release 126k Words for Monthly Votes!_2

827: Chapter 45 King’s Game 5 (Utterly Insane, Mass Release 12.6k Words for Monthly Votes!)_2 827: Chapter 45 King’s Game 5 (Utterly Insane, Mass Release 12.6k Words for Monthly Votes!)_2 “Numbers!”

“The trading model of cryptocurrency is somewhat different from regular financial products.

Most of the time, it refers to derivatives trading, or derivatives trading based on cryptocurrency, because…”

Niusen swore that this was the first time in his life he was so afraid of this younger brother, the first time he took him so seriously.

His eyes fiercely widened, staring intently at Geweil’s face.

“Damn it, can’t you just give me a number?”

Geweil, looking utterly unconcerned like a pig not fearing scalding water, continued.

“Previously, our unrealized gains were nearly one billion Dollars, a full billion Dollars, but this required more margin, both off-exchange and on-exchange.

Therefore, I selected a portion of assets for short-term mortgage, planning to redeem them after cashing out a part, but…”

Niusen was in good shape, he had always maintained the habit of working out, running, and occasionally playing golf, so his body was great.

But now, the poor Honorable Governor just felt his head spinning.

“Will, listen, Will, all you need to do is tell me a number, that’s enough, no more delays!”

Seeing that he couldn’t drag it out any longer, Geweil simply decided to face the music.

He closed his eyes and opened his mouth.

“Two point one billion!

Just two point one billion!”

“Brother, brother, what’s wrong with you, someone!

Someone!”

“Oh God, what have I done!”

Geweil wailed in utter despair, and Niusen’s bodyguards and wife rushed into the study upon hearing the commotion.

They didn’t doubt Geweil too much; after all, the dumbass was Niusen’s blood brother, so they immediately began to resuscitate Niusen.

As mentioned before, Niusen was in good health, and his bodyguard team was experienced with hidden talents.

After one of the bodyguards slapped his face twice, he came to his senses from the dizziness.

“Out, all of you, get out of the room, everyone but Will!”

Once awake, Niusen first made sure he wouldn’t drop dead immediately, and then chose to drive everyone else out.

“Niusen?” Jennifer exclaimed his name in surprise, worried for her husband.

But the Honorable Governor just looked at her and silently shook his head.

Family disgrace should not be publicized.

At this moment, in front of more than two hundred million in losses, Jennifer also became an outsider.

In the world of capital, even those at the top end of the so-called Clan, the so-called capital order, can be alienated by capital into non-humans.

The embarrassed Honorable Governor once again spoke loudly.

“Out, I have things to discuss with Will, I might’ve just had low blood sugar, I’ll be fine after some apple pie, thank you, Jennifer.”

Seeing the master speak thus, everyone exchanged glances and then could only leave in silence.

Jennifer took a worried glance at the two brothers, sighed, and left as well.

“Will, Will, why is the loss so much, two hundred million Dollars, two hundred million Dollars, ah, that’s two hundred million Dollars!”

Niusen was a tycoon; he had been financially independent long before he entered politics, with assets including restaurants, theaters, hotels, ski resorts, and more.

He wasn’t too short of money.

But even so, a loss of two hundred million Dollars was too much.

Don’t think that the wealthy in America don’t need money.

Every year in this capital Empire, a large number of tycoons go bankrupt.

Niusen’s position was high, which even affected the space he had for tax avoidance for his companies.

Moreover, many people’s desire for money is limitless, and Niusen was one of them.

Otherwise, he wouldn’t have encouraged Geweil so eagerly to get involved in the cryptocurrency project.

“The margin call for leveraged off-exchange financing needs to be covered, and the margin for leveraged on-exchange financing also needs to be covered.

We have agreements with Chan, Wolf, Temir, Jia, and others that each person can only sell ten percent of their original share every six months.

BEC rose too fast; my son sold ten percent to bring down the margin call, but we still needed to increase capital.

Who could have expected such a sudden crash?”

Niusen trembled as he lit a cigarette for himself and after a while, followed up with a question.

“Is the two hundred million loss a net loss or what?”

“You can think of it as a book loss.

Theoretically, such a sudden crash will have a rebound.”

Watching his foolish brother, the Honorable Governor laughed miserably.

“Ha ha ha, rebound, rebound, how much more can our margin withstand a drop?”

Geweil wasn’t a complete fool.

He patted his chest, assuring,

“We still have over seventy million in the accounts, even if it halves again we can make it in time to cover the margin call, and now it has already fallen below the ICO price, it won’t drop much more.

We, including the other strategic investors, are all market-supporting forces.

You can rest assured.”

These words seemed to have some logic, and the Honorable Governor’s tense heart finally relaxed a bit.

That relaxation was ill-timed, however, for his clever brain immediately sensed something was off.

“You said you cashed out a part, Will, I remember our share included your own money, split into two entities to participate in the ICO subscription, right?”

This question was extremely pointed.

Yet, Niusen had guessed correctly.

Geweil’s expression was somewhat embarrassed, and within that embarrassment, there was a bit of shame, and within that shame, a trace of fear at being caught.

He explained loudly,

“The money I cashed out has been completely used to short sell as a hedge.

Brother, you can’t think of me like that, we are one body, aren’t we!”

Under the influence of nicotine, Niusen’s brain was clearer than ever.

“That seventy million Dollars in margin you just mentioned, is that the total amount with unrealized gains after short selling, right?”

He guessed correctly again, Geweil had indeed been deliberately overstating the figures earlier, fearing that he would pass out again.