In 2017, Wu Jihan went all-in, liquidating tens of thousands of bitcoins—personal and corporate holdings—between $3,800 and $4,000, betting everything on BCH and boldly declaring that BCH would overthrow BTC as the king of cryptocurrencies. The outcome was disastrous: BCH collapsed completely, internal factional wars erupted, Bitmain was pushed to the brink, Wu himself was forced out, and he became the biggest laughingstock in the crypto world. In February 2026, Bitdeer repeated the madness: Wu Jihan wiped out all company-held BTC—selling 943.1 reserved coins plus 189.8 newly mined coins this week—at a peak price of $68,000. On X, he stubbornly defended himself: “Current holdings at zero doesn’t mean it will stay that way.” The result? History repeated itself—faith shattered again, ridiculed globally for exiting at the top, veteran traders cried “same old habits,” the mining industry shook, and market panic triggered a sell-off.