Chinese angel investor Cai Wensheng has a multimillion dollar firm called Meitu and a personal net worth of over $1.5 billion. However, he was pretty new to cryptocurrencies back in January 2018 when he has decided that he needs to acquire 10.000 BTC. It only took 4 months until he achieved his goal according to a Q&A session made by tech entrepreneur Wang Feng on WeChat on Thursday. Cai confessed that in the beginning of this year, he only held 1 BTC when he realized the opportunities that blockchain technology and BTC have:

“I only had single digit unit of bitcoin, just for fun in January. But when I got certain that bitcoin and blockchain is the future, I set the goal of holding 10,000 bitcoin. So I started around end of January to build my holdings following the price decline. The more it dropped, the more I bought in and now the mission is basically complete.”

He basically bought the dip, precisely what all of the hedge fund managers, who invest into digital assets, have advised recently. Besides BTC he also purchased several altcoins such as Theta, Ontology, ArcBlock, Dxchain just to name few.

Cai also compared the current stage of digital assets to the early stages of the dotcom boom. He also expressed that there is no need to worry about the crash that we experiencing currently as the long term prospect of cryptos are huge. Considering that one year ago BTC’s price was around $1000 and the lowest it went within one year was around $6000, there is really no need to be fearsome at the moment.