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On November 13th, Wang Feng, the founder of Blueport Interactive, emphasized the company’s deliberate strategy in holding Bitcoin, highlighting a firm belief in the potential applications of the Bitcoin ecosystem. In his social media announcement, he articulated a strong stance on decentralized finance and the role of encrypted assets in enhancing real-world assets alongside Web3 applications. Blueport Interactive initially acquired Bitcoin at a price of $26,000, reflecting a calculated approach to asset accumulation.
Wang noted his early advocacy for Bitcoin purchases when the price was just over $4,000, recalling the challenges faced by the board in pursuing such a bold investment strategy at that time. He mentioned the company’s plans to disclose its linear reduction progress at an appropriate juncture, recognizing that volatility is a characteristic norm within the crypto market. Wang echoed the sentiment that sometimes, strategic withdrawal can lead to future gains.
He conveyed a robust long-term outlook for Bitcoin, suggesting that significant price increases could emerge within this year or the first quarter of the next, further showcasing Blueport Interactive’s commitment to maximizing its position in the evolving cryptocurrency landscape.
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