Editors Note: This article comes frominterval setEditors Note: This article comes from
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(ID: blockisx), author: Yang Rushi, released with authorization.
At 12:00 noon today, this superman in the business world presides over the shareholder meeting for the last time. From the age of 12 to the age of 90, he has been working for 78 years.
Although he has reached the age of his back, Li Ka-shing is more accepting of new things than many of his peers. For example, Buffett scoffs at Bitcoin, but he feels that there are opportunities in risks.
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Li Ka-shing
All excellent businessmen have a characteristic, they are very quick.
In the face of reporters interviews, Li Ka-shing admitted that he is relatively conservative, not too radical, does not touch high-risk things, and does not know how to play virtual things. In fact, Li Ka-shing bought 100 million Hong Kong dollars in BTC in 2014. Not only that, it is reported that Li Ka-shing has already deployed the blockchain industry. As early as December 2013, he invested in the BTC payment company BitPay through his venture capital company Horizons Ventures, and in February 2016 he invested in Blockstream.
Li Ka-shing claims that he is afraid of risks and does not know how to play virtual things, which may be just a polite way to face the media. In fact, for this shrewd businessman, the control of risks may have already reached the limit.
In the early years, the gangster Zhang Ziqiang kidnapped his son Li Zeju, and went to his house with explosives to extort 2 billion Hong Kong dollars. Li Ka-shings calm made Zhang Ziqiang admire him very much. When the two parties were negotiating, Li Ka-shing said to Zhang Ziqiang: We Chaozhou people have never seen any storms? Youd better take the money and let Zeju go, otherwise your end will not be good.
His son was controlled by the other party, and his life was at stake. The other party came to his house with a bomb and threatened him. Li Ka-shing was beyond imagination. Will he be afraid of the risk of investing in blockchain compared to this? In fact, whether the blockchain is valuable or not is a key factor for Li Ka-shing to enter and exit the market.
First of all, lets do some calculations, how much money Li Ka-shing, who invested 100 million Hong Kong dollars, made. 2014 was a year when BTC plummeted. In that year, the highest price of BTC was about 6,000 yuan, and the lowest price was more than 4,000 yuan. Since it is not clear when Li Ka-shing bought BTC, let’s calculate it at 4,000 yuan. One billion Hong Kong dollars converted into RMB is about 80 million yuan. Li Ka-shing probably bought 20,000 BTC.
Based on todays BTC price of 60,000 yuan, Li Ka-shing made about 1.1 billion yuan. And if calculated according to the highest point of Bitcoin in December last year, he probably earned 2.5 billion yuan.
Such examples are not uncommon in Li Ka-shings investment career. Li Ka-shings fortune depends on counter-cyclical operations.
In the 1970s, when the large-scale evacuation of British companies from Hong Kong led to a depression in stock prices, Li Ka-shing acquired British companies such as Hongkong Electric, Qingzhou Yingclay, and Hutchison Whampoa at extremely low prices. After 1989, foreign capital withdrew from mainland China one after another. Li Ka-shing did the opposite and actively went to the mainland to develop real estate, so as to obtain super-value land income in the future.
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Layout blockchain ecology
If people divide the blockchain into coin circle and chain circle according to the current situation, Li Ka-shing takes both the currency circle and the chain circle. No matter which circle, he only cares about value.
In addition to directly buying BTC, Li Ka-shing has already entered the blockchain industry. As early as December 2013, Li Ka-shing invested in BitPay, a bitcoin payment start-up company, through his venture capital company Horizons Investment.
Bitpay is known as Alipay in the cryptocurrency circle. It is a payment solution for merchants who receive bitcoins. Merchants receive bitcoins from individual consumers, transfer the money into their own currency through BitPay, and then pay to BitPay 0.99% as a handling fee. For example, if you go to eat and the bill is $30, the consumer settles with Bitcoin according to the real-time exchange rate. Through the BitPay app, the Bitcoin will be converted into US dollars according to the exchange rate and entered into the merchants bank account.
At that time, ordinary people may think that BTC is a scam or invest only with the mentality of speculating in coins. Li Ka-shing has already seen the future of BTC.
Using this tool, it is also possible to form derivative products of Bitcoin finance. If there is an option market in the future, Bitcoin can hedge risks. For example, if some merchants fully use Bitcoin, they can prevent the risk of Bitcoin falling if they have put options.
Then in 2016, Li Ka-shing invested in the blockchain company Blockstream through his Victoria Harbor Investment Group.
According to the data, Blockstream includes several core developers of BTC. In November 2014, the company received $21 million in seed round financing, led by LinkedIn co-founder and Airbnb board member Reid Hoffman, Khosla Ventures and others.
This company is unique in developing the Lightning Network. It is the first company in the industry that aims to expand the functions of the Bitcoin protocol layer, leading the research and development of the extension mechanism of the side chain to connect the BTC blockchain and other altcoin blockchains. Simply put, it mainly enables the blockchain to realize the value of its transactions.
Li Ka-shing understands that the value of BTC is reflected in transactions, so his investment projects basically revolve around this aspect. Therefore, it is not difficult to understand his investment logic for the blockchain: first invest a certain amount of digital currency, and then actively deploy some projects around the pain points of digital currency that are difficult to be practically applied and have no practical value. Investment in the blockchain field will be a compound growth.
From this point of view, I have to say that Li Ka-shing has a vision of investment layout. In fact, this is Li Ka-shings consistent investment approach. Li Ka-shing has a name called Li Bancheng, half of the industry in Hong Kong belongs to his family, because many of the projects he invested in Hong Kong are underlying infrastructure. Perhaps, he also continues to use this investment idea in the blockchain.
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Conclusion: Blockchain requires lifelong learning
Buffett, who is also old, not only cant understand the blockchain, but he cant even understand the Internet, and Li Ka-shing can actively enter the market, which is not accidental.
Li Ka-shing relies on the spirit of learning new things step by step. I will definitely read at night. If I have an hour, even if I dont get enough sleep or go to bed late, I will still read. Even though he is over 90 years old, Li Ka-shing is still researching and learning blockchain. This is probably what Li Ka-shing left us Most Valuable Inspiration:
Stay curious and strive for life.
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Li Ka-shings success motto is given to those who are struggling on the blockchain.
Before the age of 20, 100% of career success is obtained through hard work; before the age of 20 to 30, 10% is due to good luck, and 90% is still obtained through hard work; after that, the proportion of opportunities gradually increases; 60 years old Afterwards, luck accounts for almost 30 to 40 percent.
When interacting with new and old friends, you must be honest and reliable, and avoid talking big words. You must do what you say, and dont empty guns. If you cant do it, youd rather not say it.
You have to believe that everyone in the world is smart, and you have to be convincing and like to hang out with you, and thats the most important thing.
Even if 100 strength is enough to accomplish things, I want to reserve 200 strength to attack instead of taking a gamble.
Generally speaking, I have admiration for those who are unknown but do something that actually contributes to mankind. I like to read books about those people. No matter in medical treatment, politics, education, or welfare. , I admire people who are helpful to all mankind.
Talents are inexhaustible and inexhaustible. It is natural for you to be kind to others and they are kind to you. Anyone in the world can also be your core figure.
Knowing people and doing their jobs well, most people will have some strengths and some weaknesses. Each should do his best and each should get what he needs. The principle is to use according to his ability.
The most important thing to be a human being is to make people like you and admire you from the bottom of your heart, not your financial resources, nor superficial obedience.
When deciding on something, I will study it carefully in advance, and when I decide, I will go forward and do it bravely.
In the fierce competition, the more you put in, the more you can win. Just like participating in the Olympics, if you look at the first, second, and third places, the first runner is often only a little faster.
Life has its ups and downs. Everyone should learn to endure their own sorrow in life. Only in this way can you realize what is success and what is true happiness.
