Chinese Angel Investor Gathers 10,000 Bitcoins during Bear Q1 2018
Chinese Angel Investor Cai Wensheng is the founder of a Selfie touch-up app called Meitu which is immensely popular in China. He is also an angel investor with a net worth of $1.5 Billion.
When asked about Bitcoin in January of 2018, he confessed that he had a very small quantity (in single digits). However, once he realized the potential of Bitcoin and Blockchain, he set a personal goal to acquire 10,000 Bitcoins. Since the price was still high at the time, he decided to wait it out and he started accumulating once the bear run started. Bitcoin went as low as $6,000 after January. He acquired more bitcoins as the price went lower and finally hit his goal in just four months. He also pointed out that he has invested in multiple cryptocurrencies other than Bitcoin. Some of them are Theta, Ontology (ONT), Cortex (CTXC), ArcBlock (ABT), Zipper (ZIP), YeeCall (YEE), Dxchain (DXC), Charter (CAF). Some of these have brought him huge returns while some are still bleeding money.