RATE Group | Chinese Angel Investor Gathers 10,000 Bitcoins during Bear Q1 2018
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Chinese Angel Investor Gathers 10,000 Bitcoins during Bear Q1 2018

06 May Chinese Angel Investor Gathers 10,000 Bitcoins during Bear Q1 2018

Posted at 11:54h in Bitcoin News by

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Chinese Angel Investor Cai Wensheng in an interview with tech entrepreneur Wang Feng said he had achieved a personal goal of holding 10,000 Bitcoins. 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.

Wensheng’s interview where he revealed his involvement with Cryptocurrencies was initially reported on Sina Finance. When asked about Bitcoin, he confessed that he had a very small quantity(in single digits) in January 2018. However, once he realised 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 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…

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