Famous writer and racer Han Han mentioned in an interview that he spent 'over a hundred thousand RMB' to buy a top-spec Tesla Model X when it first entered the Chinese market. According to various media reports and public information, the first batch of Model X was delivered to Chinese users around 2016, and at that time, the price of the top-spec model was indeed in the million range.
Let's start an interesting hypothesis: If Han Han had invested the entire car purchase amount in Bitcoin at that time, what would the value of that investment look like from the perspective of today (mid-July 2025)?
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Car purchase cost and timing
According to relevant reports, we take Han Han's car purchase cost of 1 million RMB as the calculation benchmark. The time point is locked in May 2016, when the Tesla Model X was first delivered to the Chinese market.
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The Bitcoin price at that time
Looking back to May 2016, according to historical data, Bitcoin was in the brewing phase of a bull market, with an average closing price of about 461.95 USD/coin that month.
If Han Han had invested 1 million RMB back then, based on the exchange rate of about 6.5 CNY/USD at that time, it could have been converted into 153,846 USD. If he had invested all of this money into the Bitcoin market, he could have purchased:
153,846 USD ÷ 461.95 USD/BTC ≈ 333 BTC
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The current value of Bitcoin
Fast forward to mid-July 2025, the cryptocurrency market has experienced several rounds of dramatic bull and bear transitions. As of the time of writing, the price of Bitcoin has soared to an astonishing height of about 118,328 USD/coin.
So, the 333 Bitcoins purchased back then would be worth:
333 BTC × 118,328 USD/BTC ≈ 39,400,000 USD
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Convert back to RMB
According to the current exchange rate of about 7.1 CNY/USD, the value of this Bitcoin asset is approximately:
39,400,000 USD × 7.1 CNY/USD ≈ 280,000,000 RMB
That is 280 million RMB.
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Conclusion
If Han Han had invested the 1 million RMB used to purchase the Tesla Model X entirely in Bitcoin in 2016, then as of today in 2025, the book value of that investment would have grown to approximately 39.4 million USD, equivalent to 280 million RMB.
Of course, history cannot be hypothesized. This calculation is based on public reports, historical average prices, and rough exchange rate estimates. Actual investment behavior may vary due to the specific trading time, platform fees, and market fluctuations. But this is undoubtedly a thought-provoking wealth story, clearly showing the immense value appreciation potential of crypto technology assets over the past nearly ten years.
Han Han acquired a luxury vehicle ahead of its time, while another path not taken led to an astounding level of wealth.
