After the Divorce, I Found a Thousand Bitcoins - Chapter 39
—————
This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
—————
I Got Divorced and Found a Thousand Bitcoins Episode 039
A man with a small build.
Rahoshib Malhotra.
The second-in-command at the Reserve Bank of India and practically the person who would lead India’s central bank next.
After greeting and exchanging pleasantries with him, I listened to his story.
“The trade that Mr. Choi showed us was impressive.”
Starting with praise.
“From the Indian government’s perspective, foreign institutions entering the market were a thorn in our side. Necessary, but we couldn’t just stand by and watch their misconduct.”
Talk about foreign institutions being a necessary evil.
“We need to change policies. But policies restricting foreign institutions aren’t easily changed.”
Even talk about their domestic policies.
Kang Hyeon wondered why this man was telling him all this.
‘What I did was simply move for my own benefit. I didn’t do anything for India.’
But he didn’t bother to voice that thought.
What this man was saying ultimately meant that he deserved credit.
There was no reason to say otherwise.
“In the midst of all that, Eastern’s blunder that started with Mr. Choi’s trade provided our government with the opportunity to act.”
Eastern and other foreign institutions had clearly been operating in gray areas.
They walked a precarious tightrope, but ultimately Eastern fell and committed criminal acts.
Confirming this gave the Indian government justification to act.
Justification was extremely important in international relations.
Under the justification of protecting their nation, India was preparing strong measures.
“The important thing is that all of this started thanks to you.”
Rahoshib’s eyes contained strong trust.
It felt like looking at a benefactor who had saved his life.
I hadn’t particularly done it expecting anything, but was he trying to give me something in return?
Just as some anticipation was rising.
“I’ve talked too long. The reason I wanted to meet today is that there will be a summit in South Korea soon. I hope you can spare some time there.”
“Time?”
“Yes. The Prime Minister very much wants to meet you.”
India has a president, but unlike South Korea, the Prime Minister handles the actual work.
In other words, the Prime Minister, who could be said to hold the highest power, was requesting a meeting.
‘Looking at the flow so far, there’s nothing to lose.’
India is the world’s fifth-largest economy.
What’s even more amazing is that despite being such a major power, it still has very high potential for development.
There was no reason to refuse a meeting request from the leader of such a place.
“I understand. If you arrange the schedule, I’ll make time available.”
“Haha, thank you.”
And so the meeting with India’s Prime Minister was arranged.
* * *
This trip to Japan was a unique experience for Kang Hyeon.
‘I was trading alone. But somehow my name became known on Wall Street too.’
He thought he’d been careful, but there were no eternal secrets in the world.
Actually, this was something he had expected to some degree.
‘Even when I was at the company, various stories circulated.’
If there were eternal secrets, events like Soros’s pound short selling or Michael Burry’s subprime mortgage short selling wouldn’t have become known to the world.
Rumors on Wall Street spread faster than expected.
‘Well, it doesn’t really matter.’
Rumors were circulating, but they didn’t significantly affect his trading.
‘The important thing is when to close this position.’
Returning to the office, he immediately checked the charts.
Though it had only been a few days, the intensity of the light had definitely weakened.
If it had weakened this much, there was a high possibility that news causing a reversal would come out soon.
“What’s the current position status?”
Seong-won immediately answered Kang Hyeon’s question.
“Currently we’re holding short positions in 7 stocks total. The stock generating the most profit is Arkon at 157 percent, with $314 million in profit. Next is…”
“Just tell me the total amount.”
“Ah, yes. Currently $374 million is invested in short positions, and including profits it’s $1.01354 billion. Total return is 171 percent.”
171 percent profit.
This return rate was possible because they used 3x leverage.
And with this, KH Capital moved into trillion-won AUM territory.
But it wasn’t over yet.
‘As the spread widened, the CDS value also jumped. I need to prepare to close out.’
It was time to close all positions.
“We’re closing out the short positions.”
“Yes, understood.”
Confirming Seong-won’s movement, Kang Hyeon contacted JP Morgan.
“This is Choi Kang-hyeon. I want to close out the Arkon CDS.”
* * *
There were no problems closing the positions.
“We’ve closed all positions including Arkon and all the shorts. Final profit excluding fees recorded $1.02 billion.”
Since they closed positions while prices were falling, profits actually increased even after paying fees.
With this profit, KH Capital’s managed funds exceeded 1.5 trillion won.
“JP Morgan also bought the CDS for $1 billion. This puts our managed funds over 3 trillion won.”
Managed funds exceeding $2 billion ranked among the top tier on Wall Street.
Though it was corporate funds, Kang Hyeon, who owned 100 percent of KH Capital’s shares, now possessed trillion-won level assets.
‘This was actually possible?’
Seong-won couldn’t help but be shocked by this incredible return rate.
He too had worked on Yeouido in his own way, but had never heard of generating this level of profit in such a short time.
‘Of course, this event was on the level of Lehman Brothers or COVID…’
Naturally, to generate this level of profit, a global event had to occur.
And this AI bubble crisis was definitely an event comparable to Lehman Brothers.
Adding the tariff bomb on top of that delivered an even greater shock to the market.
That’s why he couldn’t understand.
‘Why did he close out already? Of course, taking profits is always right, but the market is still falling?’
The market was still in a bear phase.
The news was also pouring out negative factors. Yet Kang Hyeon closed his positions.
Since it was Kang Hyeon, not someone else, making this trade, he thought there must be some reason.
“Did you hear something in Japan?”
To Seong-won’s question, Kang Hyeon didn’t say anything particular.
‘Sometimes silence works better.’
As Kang Hyeon thought, his employees each let their imaginations run wild at his lack of response.
‘He definitely heard something.’
‘Ha-ryul also said the CEO met many high-ranking officials in Japan.’
‘He must have heard something while I was away.’
Just as the misunderstanding was amplifying in a positive direction.
Ding-!
A system alarm sounded from the computer.
Naturally, everyone’s gaze turned to the main monitor.
[Breaking News: President Goldwin announces via SNS, “Tariffs will not be imposed immediately but will proceed through negotiations.”]
Kwangho’s designed system caught the urgent news.
“Check where that article came from.”
“Yes!”
“The selling pressure on stocks is decreasing!”
“Article confirmed. It was reported through Bloomberg Terminal and other media outlets are also rushing to pour out related articles.”
“After checking President Goldwin’s SNS, it’s confirmed.”
Thanks to the well-established system, they could immediately verify the authenticity of the news.
Kang Hyeon listened to the report while checking the stocks on the main monitor.
‘The stocks that were connected in black…’
Changes occurred in the black light that had been connecting each sector.
‘They’re connected in golden color.’
The web of black light had changed to golden.
This was a phenomenon he was seeing for the first time.
It seemed like a positive signal, but to be sure, he checked individual stocks.
‘Arkon is still gray light, but…’
Arkon, which had been the main culprit of this decline, was glowing gray, indicating sideways movement.
‘Nvidia has turned red.’
Having confirmed that stock prices were reversing, there was no reason to hesitate.
“We’re entering buying positions.”
They had devoured on the way down, so now it was time to devour on the way up.
* * *
President Goldwin’s finger decided everything.
[Goldwin’s SNS pulls up stock prices!]
He hadn’t postponed or canceled the tariff imposition.
The market showed an immediate reaction to just one line of a post saying they would proceed with negotiations.
“Wow… does this make sense?”
Seong-won, who was watching the market react, said.
“Even if he’s the US President, isn’t this basically blatant stock manipulation?”
“It’s possible because it’s Goldwin. He waged a trade war against China during his first term too.”
“That’s true, but… Oh, Manager. Did you hear that story? They say the owner of that mystery account in Bitcoin futures is Goldwin’s son? Looking at that account’s trading history, they positioned right before news like this came out and made enormous profits.”
All sorts of conspiracy theories were circulating in the market due to Goldwin’s antics.
This was inevitable because what Goldwin did was incomprehensible by common sense.
“Well, if that’s really true, there will be an investigation.”
“Same for us, right?”
Seong-won asked in a quiet voice.
Kwangho checked their company’s positions with a complicated expression.
‘Making profits through short selling when it falls and through buying when it rises. It’s natural if you think about it, but…’
Anyone who has traded stocks knows.
How difficult that is.
But Kang Hyeon was pulling it off.
What was even more surprising was that he was moving at precise price levels.
‘As if he knows how the market will move.’
With this level of accuracy, the SEC would likely view it suspiciously.
No matter how much they denied it, if they couldn’t properly prove it, they would definitely find fault.
“Prepare the materials well. Just in case.”
“Yes. I’m keeping good records of meeting minutes and organizing all other records well too.”
“Good.”
* * *
It was as expected.
[Nvidia announces it will reduce circular shareholding and increase commerciality for the health of the AI industry.]
[Microsoft to create consortium for stable data center operations.]
[Tesla CEO Musk revealed in an interview that “we will build data centers in space.”]
[President Goldwin expressed his position that “The AI industry is an industry that will be responsible for the future. We will spare no full support.”]
Positive news poured into the market.
Even President Goldwin stepped forward to help restore the index to its original state.
The results were amazing.
[US NASDAQ, Dow Jones, and S&P all succeed in rising.]
[US stock market continues upward trend for 4 consecutive days, are there no anxiety factors?]
[Goldwin’s finger that made the market tremble in fear, this time spreads doves.]
They cried and laughed because of AI, and prices fell and rose because of Goldwin’s finger.
This was the Wall Street Journal’s assessment of the US stock market’s movement over the past month.
And people realized.
-The US boss is really something.
-Wow… hundreds of billions of dollars move from one SNS post?
-Really don’t know which way this guy will jump.
-No, is this right? Isn’t this blatant stock manipulation?
-The US President is directly running a trading room lol
Though it was a joke, President Goldwin’s actions were controversial.
But no matter what anyone said, as the US President with the world’s greatest power, there was no one who could stop him.
Thanks to this, it was stock investors who suffered damage.
“Did you hear the news? They say there were cries of anguish from Yeouido this time?”
“I heard about it too. It seems there were quite a few people over there who got hit from both directions by positioning wrong.”
Kwangho and Seong-won were right.
Cries of anguish could be heard from Yeouido day after day.
This decline and rise was a movement that exceeded all predictions.
“We’re lucky to be here. If we had been in Yeouido, it would have been chaos.”
“True, without a monster like our CEO, making profits in this kind of market would have been impossible.”
“It was legendary. We made close to 3 trillion won in one go.”
Even while watching from the side, the two still couldn’t believe it.
Kang Hyeon’s appearance of devouring every bit of flesh going up and down was art itself.
“But where did the CEO go?”
“He said he was going to meet someone briefly?”
“Who?”
“I didn’t ask in detail either. Well, he said it like he was going for an outing. Probably meeting someone he knows.”
While Kwangho was speaking casually, Ha-ryul, who had been listening from behind, spoke up.
“The CEO went to meet the Indian Prime Minister.”
“Huh? Who?”
“He went to meet Indian Prime Minister Arvind Rao Singh.”
“The Indian Prime Minister?”
“You mean Prime Minister Rao Singh who came for a summit with our country’s president?”
Ha-ryul nodded toward the two who were double-checking.
The person Kang Hyeon went to meet, saying it like he was going for a walk, was the Indian Prime Minister.
‘This bastard… what the hell is he doing?’
He couldn’t even predict what his friend Kang Hyeon was planning to pull off.
—————
This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
—————
YOU MAY ALSO LIKE
