Five

According to Xu Zijing's recollection, at that time, Bitcoin was only about 20 US dollars, and investing in Bitcoin was not considered a business at all. He was even often regarded as a swindler.

Therefore, Xu Zijing was obsessed with IPO at that time and wanted to make his company the world's first listed Bitcoin company. On the one hand, he wanted to justify the industry he was in, and on the other hand, Xu Zijing believed that mining was the easiest thing to be recognized by mainstream institutions.

Later, he co-founded BlockchainGlobal with his friend Sam Lee. In addition to investing in many digital currency trading platforms around the world, he also focused on investing in the establishment of mining farms, thus starting his so-called "mining career".

"I remember that we should have invested nearly 10 or 20 million yuan at that time, but I don't remember it very clearly. In Sichuan, China, there is a hydropower station there. We invested a total of 4,000 to 5,000 machines, which was considered relatively large at the time. It can account for 10-20% of the entire global mining market," Xu Zijing recalled.

Although Xu Zijing had experienced the price of Bitcoin plummeting from $800 to $200 when he was mining coins in the early years, he remained unmoved, adhered to his own principles, and only hoarded coins and slept peacefully.

In 2013, under the leadership of mining machine giants such as "Pumpkin Zhang" and "Baked Cat", Chinese mining machine manufacturers rose rapidly, and the entire industry gradually began to enter a state of large-scale industrialized mining. With the perfect opportunity, building a mine, large-scale mining, and hoarding coins with peace of mind may be regarded as the key factor for Xu Zijing to be worth more than 100 million yuan later.

Xu Zijing survived the longest night and finally saw the flowers in full bloom.

In 2015, Xu Zijing, who was not satisfied, co-founded Australia CollinStar Financial Group with Jacob Chen and Jayden Wei, focusing on investing in digital currency and blockchain projects. Since 2016, CollinStar Capital has invested in hundreds of early blockchain projects and participated in the development of projects.

In 2016, the entire blockchain industry began to experience a big boom, with a large number of entrepreneurial projects emerging. At that time, a word became popular - "ecosystem". Perhaps Xu Zijing had an insight, he felt that "investing and incubating, and getting more people involved in this industry, is the best way to treat this industry".