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Sunday, May 12, 2024 1:45:42 PM
We also have the Chinese government backing the company; my guess it's because they've found a clever way to have people adopt the digital Yuan because if the consumers on the JFH platform make a lot of extra income that they never could have made otherwise, because of stock ownership, giving them a better long-term retirement, they likely will be glad to support the digital currency.
If we're anywhere close to a $200 million annual revenue run rate (maybe $50 million in Q1 revenue) and growing as fast as they have been (250% - 300% annually based on GMV numbers shown on Twitter), then many multi-billions of dollars in annual revenue becomes entirely feasible. Even just $100 million in annual revenue last year, growing at 250% annually, would put them at almost $10 billion in annual revenue in 2028, AND, that's only considering China's rate of growth, not all of the other countries that open up around the world.
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