Who is the most forward-thinking investment mogul among listed companies in recent years? Feng Ge thinks the boss of Meitu, Cai Wensheng, counts as one.
But if you ask which one has the worst investment outlook right now? It might also be Cai Wensheng.
In the spring of 2021, amidst a nationwide clamor against Bitcoin, Cai Wensheng boldly invested $100 million to purchase 31,000 Ether and 940.89 Bitcoin.
As a result, although his foresight was ahead of the curve and full of controversy, his luck was truly poor, as he bought at the peak. After the purchase, the cryptocurrency market entered a slow bear market, and Boss Cai endured nearly four years with tears.
This year, under the influence of high-profile figures like Trump and Musk, the cryptocurrency market finally began to rise again. Boss Cai's investment finally saw a glimmer of hope, crawling out of the pit. After suffering for four years, Cai Wensheng couldn't wait another day and immediately liquidated all virtual currencies during the bull market, making over 500 million in profit. A portion of the profits was used for the company's daily operations.
It's roughly equivalent to Boss Cai making money from trading cryptocurrencies to maintain this app, which has little commercial value, allowing young women across the country to continue using Meitu for free.
Just after selling, Bitcoin suddenly skyrocketed, surpassing the $100,000 mark. Although it later dipped slightly, confidence reached unprecedented heights, with some big shots openly stating:
The opponent of Bitcoin should not be the US dollar, but gold.
Wow. Bitcoin is aiming for a gold standard revival.
Watching one exaggerated statement after another, Boss Cai is now regretting deeply. This must have cost him at least several hundred million in lost profits.
However, Boss Cai should also feel fortunate that he didn’t invest in real estate back then, didn’t invest in all sorts of dubious new consumer brands, didn’t make unreliable acquisitions, and didn’t get fooled by Evergrande's financial products; otherwise, Meitu would really have no beauty to showcase.
In Figure 2, the circulating market value of Bitcoin has surpassed Saudi Aramco, ranking seventh globally, with the next step being to surpass Google and Amazon.
Click on the avatar to check the homepage and follow me for daily sharing of various potential coins, guiding you to ambush various hundredfold coins, allowing you to profit immensely in this bull market.