DATO SRI LIOW SOON HEE IS COMMANDER-IN-CHIEF OF CRYPTO-CURRENCIES!

 

DATO SRI LIOW SOON HEE IS COMMANDER-IN-CHIEF OF CRYPTO-CURRENCIES!

October 27, 2020

 DATOKEEHUACHEE@GMAIL.COM

EXCELLA CHONG AND MALAYSIA'S YOUNGEST PHILANTHROPIST DATO SRI LIOW SOON HEE
WITH MALAYSIA BOOK OF RECORDS WHO DECLARED THE 10 MILLION FACE MASKS WAS THE BIGGEST EVER SINGLE DONATION
ONE FOR THE ROAD!

FINANCIAL INNOVATIONS IN THE NEAR FUTURE ARE EXCITING AND BITCOINS AND OTHER VIRTUAL CURRENCIES SEEM TO HAVE A MAJOR ROLE TO PLAY IN OUR DAILY LIFE BUT POWERFUL GOVERNMENTS ARE ALSO WORRIED.

UNLIKE NATIONAL CURRENCIES LIKE RINGGIT OR DOLLARS OR RENMIMBI, VIRTUAL ONLINE INTERNET MONEY IS BEYOND THE CONTROL OF A COUNTRY'S NATIONAL BANK LIKE BANK NEGARA OR MONETARY AUTHORITY OF SINGAPORE OR FEDERAL RESERVE BANK. 

TO BE FORCED TO ADMIT A STRONG CURRENCY OPERATING INSIDE ITS BORDERS AND BEING UNABLE TO CONTROL IT CAN BE RATHER EMBARRASSING! 

BUT OF COURSE A NATION'S CENTRAL BANK CAN ALSO PLAY THE SAME GAME BY BUYING HUGE AMOUNTS OF BITCOINS ETC---SO IF BITCOINS GO UP, THE COUNTRY MAKES MONEY BUT IF IT DROPS, THE COUNTRY IS USUALLY RICH ENOUGH TO HOLD ON TO IT OR EVEN BUY MORE BITCOINS AT A LOWER PRICE! 

UNLIKE YOU OR ME, THE NATIONAL CURRENCY BOARDS AND NATIONAL BANKS OF CHINA, JAPAN. RUSSIA AND USA ARE RICH ENOUGH NOT TO LIQUIDATE THEIR HOLDINGS TO CUT LOSSES AND CAN AFFORD TO HOLD ONTO THEIR BITCOINS TILL THE PRICES INCREASE!

China is of two minds and is getting feedback in wondering if it should revise extant banking laws as most  Chinese already use their handphones to pay for goods and services now. 

Malaysians are proud that local KL boy Dato Sri Liow Soon Hee from Bandar Baru Ampang, a lower income area not known for millionaires, is now a Force of Nature in cyber-currencies.

Some even believe Dato Sri Liow Soon Hee can move markets as he is a 'Tikong Kia' or 'Son of Heaven' like the Emperors of China! 

Dato Sri Liow Soon Hee is a Living Legend, a legend in his own lifetime!

He is an investor with years of experience but not too many as he is only 32 and started around 10 years ago but he was among the first to jump onto the Bitcoin bandwagon.

He was among the first batch of investors who bought Bitcoins at US$ 200 to US$1,000 so imagine his profits when he sold almost all 35,000 Bitcoins at US$ 20,000 each in 2018 and bought them back at US$ 5,000 and they are now trading at US$ 13,000! 

Enough said! 

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