On June 16th, it was reported by Xinmin Weekly that Long Fan, the founder of “Tree Diagram” and the director of Shanghai Tree Diagram Blockchain Research Institute, shared a rather dramatic story of his Bitcoin investment in a recent interview.
Long Fan disclosed that during his doctoral studies at the Massachusetts Institute of Technology, he made a Bitcoin investment – spending $1,000 to purchase 100 Bitcoins. However, at that time, he did not foresee the astonishing value growth of Bitcoin in the future and chose to sell when the price reached $50 per coin. Nowadays, the price of Bitcoin has surpassed the $100,000 mark. Looking back on this experience, Long Fan admitted that he no longer owns 100 Bitcoins to this day, and his words revealed his regret for selling them too early.
This story not only showcases the opportunities and risks of early Bitcoin investment, but also reflects from the side the huge fluctuations in the market value of cryptocurrencies. Long Fan is now dedicated to the research and development of “tree graph” blockchain technology. His early investment experience in Bitcoin has also provided the public with a unique perspective to observe the development of the cryptocurrency market. In the future, as blockchain technology continues to evolve, what changes will occur in the cryptocurrency market is worth keeping an eye on.
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