Wensheng Cai, a billionaire entrepreneur and domain flipper, bought 10,000 bitcoins.
– Cai has a value of 1.5 billion dollars according to Forbes
– He said that buying 10,000 bitcoins is a milestone for him.
– He also compares bitcoin to the technology boom which happened in the 90s and 2000s.
Before Wensheng Cai purchased bitcoin, he only had 1 bitcoin, but he wanted to have a more relevant position in the market.
When Cai realized that blockchains is the future, he decided to purchase 10,000 bitcoins.
The cryptocurrency market actually struggled at the beginning of the year 2018, but Cai still bought bitcoins at around this period.
Cai said that he is investing, and not speculating, since he remained positive even if the price of the bitcoin dropped.
Wensheng Cai seemed to be right about his early 2018 investment, since right now, the price of bitcoin continues to rise.
Some analysts even said that bitcoin price will go beyond 10,000 dollars on June 2018.
Read the article written by Priyeshu Garg at – https://btcmanager.com