Yahoo Finance will have the exclusive livestream. Cai Wensheng, an angel investor from China and chairman of photo retouching app provider Meitu, says he has achieved his goal of accruing 10,000 bitcoins.

Q&A session with tech entrepreneur Wang Feng on WeChat on Thursday, Cai disclosed that although he was holding a single bitcoin in January of this year, he moved to increase his portfolio over the first quarter of 2018 amid the bearish market’s lower prices.” data-reactid=”23″>In an open group Q&A session with tech entrepreneur Wang Feng on WeChat on Thursday, Cai disclosed that although he was holding a single bitcoin in January of this year, he moved to increase his portfolio over the first quarter of 2018 amid the bearish market’s lower prices.

Bitcoin Price Index, Cai’s holdings are now worth around $96 million.” data-reactid=”24″>Soon after December’s record high round $20,000, the price of bitcoin started dropping in January.

It reached a low for the year so far below $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.

$750: Ether’s Price Hits Highest Level Since Early March” data-reactid=”25″>$750: Ether’s Price Hits Highest Level Since Early March Cai explained his reasoning for the investment during the Q&A, saying: “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. Read more from finance.yahoo.com…

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