Today, the Daily Planet sent me a few questions, and the first one hit me right in the heart:
My answer is that the most regrettable one is BGB.
Then at night, BGB broke the record again and reached 7U - this was my most regrettable miss this year. If it is normal for most people to miss it, then my miss was actually a bit abnormal. BGB's break of 7 also brought back a long-forgotten memory for Ju Zuo.
As early as 21 years ago, Ju Zuo had known the boss of BG. At that time, BG was not as big as it is now. I won’t go into the details of the acquaintance. I am not the kind of person who sells out friends.
Later, with the growth of bg's business and the tightening of domestic policies, bg began its journey to go overseas. At first, it was the boss and the core team who went overseas, and later the entire team also went to Singapore and Malaysia one after another.
Later, BG acquired the Bitkeep wallet and changed its name to Bitget Wallet.
I asked him why he wanted to collect a wallet, and his answer was that the traffic entrance of the next era would be the wallet. Later, for a period of time, he focused all his energy on the wallet.
During that period, there was a safety accident with the wallet, which was later compensated. He also called me specifically about the wallet issue, but unfortunately I couldn't be of much help.
Later, he signed with Juventus.
At that time, Ju Zuo had already realized that, damn, bg was not the same bg as before, and its scale had started to get bigger.
When sponsoring Juventus, I asked how much money it spent.
Not less than 9 digits.
To this day, I still have a signed jersey of former Juventus No. 10 Dybala hanging in my house, and the logo on the left cuff is bitget. This jersey came to me from Singapore across the ocean.
It was 2021.
At that time, Ronaldo was still at Juventus.
Later on, it became a big deal. I signed a contract with Messi directly. Messi is my idol.
It should be that they reaped huge dividends in the process of globalization, which also laid the groundwork for BGB to reach this point now.
In 2002, I met him again in Shanghai and went to a friend's cigar room together.
I admired his decisiveness and courage. He also advised me to go abroad if I could, but because my second child was born not long ago, I didn't think about going abroad.
The trajectory of fate began to diverge at this moment.
Later, he invited me to Singapore. At that time, Singapore did not have a visa-free policy. He asked his assistant to help me with the formalities and I booked the plane ticket, but in the end, I forgot why I was unable to go.
I know he might have something to talk to me about.
I also know that we are no longer from the same world.
You all know what happened next. Bitget grew bigger and bigger, and its investments became bigger and bigger, with various acquisitions along the way.
There is basically no communication between this boss and I, but I often hear about him from some friends, and occasionally see some photos of his overseas travels posted on WeChat Moments.
I admire his courage, bravery, wisdom, strategy, management, and vision. Among so many exchanges in recent years, only Bitget has truly emerged and been able to shake up the landscape.
Today I saw someone say that Bitget has become one of the new Big Three. Suddenly I realized that in just three years, Bitget has gone from being an unpopular chicken exchange to a position that reshapes the landscape.
Binance is the leader, followed by OKX, but the third position has been vacant. HTX is not doing well, the boss of GATE is not aggressive, Matcha has long withdrawn from the Chinese market, and although Bybit has been doing something, its overall situation is not bad.
BGB's 7-fold increase in one month immediately convinced everyone.
The reason why Ju Zuo said that BGB was a regrettable investment that he had missed was because of their new product U card.
Bitget Wallet recently launched a new feature, which is their U card. When it was in internal testing, Xie Jiayin sent me an invitation link. I found it very interesting because its fee rate was very low.
The fee rate was only 1.6, and there was also a bgb rebate event. At that time, I did some calculations:
The advantage of this product is that it can connect u card and bg, directly convert u card users into bg exchange users, greatly reducing customer acquisition costs, which is a very good move.
Then I couldn’t help it and went to talk to my boss, because I had a question that I hadn’t answered. Why can the U-card of BG Wallet have such a low fee rate? The U-card fees on the current market are between 3-5%, while BG’s is only 1.6. Is it strategically making losses to acquire customers?
The boss was very direct. Before I could ask, he said: Buy a bank and issue your own cards.
Because the bank is yours, the U-card is yours, the wallet is yours, and the exchange is yours.
Therefore, the cost can be spread very low, and there are no middlemen to cause trouble.
The time was November 23rd, and after I learned about this information gap, I actually didn’t buy bgb.
Do you think I should slap myself in the face?
Others gave me a chance, but I was useless.
Moreover, a long time ago, he told me privately about the real situation of his own exchange, which was much better than the data on the surface.
Of course, the boss's works and operations are far more than these. Ju Zuo is only talking about the regrets about bgb, and there is no need to discuss other things.
I just feel sorry for myself. When I knew that so many chips were not released to the outside world and the other party was accumulating food and slowly becoming the king, I didn't even know to buy BGB.
As a stand-alone coin with a high control ratio, especially after the price of the coin has been grinding for so long, there are very few chips in circulation now. Coupled with this violent pull-up strategy, there will only be one result:
People on the bus don’t dare to sell, and people not on the bus don’t dare to buy.
All you can do is watch it reach new highs.
If you compare it with the top three or five narratives, you will find that compared with their platform coins, the value of bgb was still a clear value trough a month ago.
Do you dare to buy now? Do you dare to sell now?
This blatant conspiracy, just like Sol back then, has no solution at all.
This is why bgb can break 7U and become one of the top 20 currencies in the world.
Ju Zuo did not charge any money, nor did he make any money from this. He just expressed his feelings after seeing bgb breaking new highs.
I have no intention of making any calls, and I am not responsible for anyone's investment results.
I just hope that after you finish reading this, you won’t call me a fool.
I am Ju Zuo, your crypto asset recovery expert, the man who can help you get rich.