Earning 20 billion a year, her influence in the crypto space is second only to He Yi
In this male-dominated, noisy, and impetuous crypto world, a Chinese woman has become one of the behind-the-scenes big winners. Last year during the MOVE TGE, she directly revealed her position in her social circles, marking her second 10B in 2024.
She does not act as a KOL, does not pump or shout signals, yet she has consistently hit on Bitcoin, Ethereum, Dfinity, Cosmos, Urbit, etc., and is hailed as a 'prophet-like investor'.
💡 Who is she?
Chinese name: Wan Hui (Dovey Wan)
Co-founder of Primitive Ventures
Early Bitcoin believer
Recognized as an insightful figure in the 'English-speaking crypto circle', known as the 'Crypto philosopher'
She is one of the very few female investors who can traverse both the Chinese and English crypto worlds, and she is also the most mysterious one.
🚀 Investment story
In 2013, she was doing VC in Silicon Valley and accidentally came across Bitcoin; it took her only three months to go from skepticism to belief.
She bought her first BTC with $100 and left traditional finance, starting her 'ALL IN Crypto' life.
In 2017, she founded Primitive Ventures, focusing on early-stage project investments.
When the market was FOMOing into DeFi, NFTs, and Meme coins, she quietly invested in many obscure projects that 'no one could understand':
· Dfinity (later known as Internet Computer)
· Urbit (building decentralized computing infrastructure)
· Cosmos (the 'underlying infrastructure' of the cross-chain internet)
…
These projects exploded in the following years, bringing her tens of millions in wealth.
📈 Her success logic: Cognition > Technology > Hype
She has a very striking quote👇:
"I don't invest in hype; I invest in the underlying logic of trends."
She does not look at candlestick charts, does not chase hot coins, and definitely does not follow public opinion trends. She analyzes blockchain trends from perspectives of philosophy, sociology, and even political theory. She considers 'cognitive ability' as the highest leverage, investing in 'structural changes in the process of human civilization'. She says: 'You cannot predict prices, but you can predict the direction of civilization.'
👑 Her wealth & influence
Net worth over 100 million+
Resident in the US, extremely low-key in her actions
No advertising, no platform promotion, no issuing coins
Yet she is regarded as a spiritual mentor by OGs and VCs in the English-speaking circle
A single tweet can influence investment direction
She is like the 'female hacker in the Crypto world', hidden behind the scenes, yet has already seen through everything.
In the eyes of some retail investors in the crypto space, Dovey Wan is a sharp and ruthless scythe; the projects she participates in usually harvest heavily, which has also made her a target of criticism. But cognition is the strongest alpha in the crypto world. Her sharp investment insight is definitely worth learning from. Like her, quietly securing the future in areas others can't understand.