Chinese Investor Accumulated 10,000 Bitcoins As A Result Of Q1 Price Downturn

From Cryptocynews

An angel investor from China and chairman of photo retouching app provider Meitu Cai Wensheng announced that he has finally accumulated 10,000 bitcoins.

On Thursday in an open group Q&A session with tech entrepreneur Wang Feng on WeChat, Cai informed that though he was keeping one bitcoin in January of this year, he has been able to increase his portfolio over the first quarter of 2018 as a result of the bearish market’s lower prices.

As you know after December’s record high round $20,000, the price of bitcoin started dropping in January. It reached $6,000 in February, before climbing again to over $9,700 at press time. According to CoinDesk’s Bitcoin Price Index, Cai’s holdings are now worth around $96 million.

Read More: https://www.cryptocynews.com/chinese-investor-accumulated-10000-bitcoins-result-q1-price-downturn/

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