2025 Taiwan Digital Asset Forum "showing orders"! Lin Zhichen bought Bitcoin 12 years ago and earned 15000%.

The Taiwan Digital Asset and Open Technology Association held the “2025 Taiwan Digital Asset Forum” on October 23, where Lin Zhi-Chen, General Manager of Taiwan, was invited to give a speech on “The Development and Opportunities of Web3.” He started by showing off, revealing that the Bitcoin he purchased 12 years ago has already grown 150 times, with an annualized return rate of up to 58%, jokingly calling it “the best investment of his life.”

Lin Zhichen's annualized return on Bitcoin purchased in 2013 is 58%

At the beginning of Lin Zhichen's speech, he first showed his transaction, sharing that “the best investment in life” was buying his first Bitcoin in 2013 and holding it until now, which has grown 150 times. He jokingly said, “I did nothing, and the annualized return rate reached 58%.” This investment legend sparked enthusiastic discussions at the 2025 Taiwan Digital Asset Forum, proving the astonishing returns of holding Bitcoin for the long term.

In 2013, the price of Bitcoin was around 100 to 1,000 USD. If we calculate using an average price of 500 USD, a growth of 150 times means the current price is about 75,000 USD (in reality, the current Bitcoin price is about 100,000 USD, and if we calculate the increase from the low price at the beginning of 2013, it could be even higher). What does an annualized return of 58% mean? A traditional stock investment achieving an annualized return of 10% to 15% is considered excellent, and Warren Buffett's long-term annualized return is about 20%. Lin Zhichen's annualized return of 58% far exceeds any traditional investment target.

The phrase “I did nothing” reveals the core wisdom of investing. Lin Zhichen did not trade frequently, did not try to catch trends, and was not scared out of the market by fluctuations. He simply bought and held, enduring the Mt. Gox incident in 2014, the crazy bull market in 2017, the crash in 2018, the pandemic plunge in 2020, the second bull market in 2021, and the bear market from 2022 to 2023. This “Buddhist-like holding” strategy is extremely rare in the cryptocurrency market, but it is this calmness that created a 150-fold miracle.

Lin Zhichen also explained that the essence of Bitcoin lies in “consensus and scarcity.” The reason why gold is expensive is that human society reaches consensus on the limited availability of gold and trust. Similarly, virtual currencies achieve consensus through a group of “miners” and attain scarcity under a stable algorithm. It can be considered as the “gold of the new generation,” and it may even replace part of gold's status in the future.

“Gold cannot be eaten or used; its value comes from humanity's long-standing trust in it. Similarly, the value of Bitcoin also stems from the consensus and algorithmic scarcity guaranteed by users around the world.” He further analyzed that the supply of Bitcoin is 21 million coins, and no one can arbitrarily change its scarcity. This analogy of comparing Bitcoin to gold provided a framework that is easy for traditional investors to understand at the 2025 Taiwan Digital Asset Forum.

Hsu Shubo urgently calls for Taiwan not to fall behind in the stablecoin competition

The 2025 Taiwan Digital Asset Forum was held this afternoon at the “Xinyi Academy,” gathering over 300 attendees. Xu Shubo, chairman of the Taiwan Digital Asset and Open Technology Association, stated during his speech that the world is promoting digital assets, and Taiwan cannot fall behind. Xu Shubo urged, “Countries are promoting stablecoins, and with Taiwan's technological advantages, we must not lag behind!”

Regarding the possibility of issuing a stablecoin denominated in New Taiwan Dollars in Taiwan, Hsu Bo stated that the New Taiwan Dollar is a globally recognized currency. Coupled with Taiwan's advantages in technology and the AI industry, it represents a significant opportunity for Taiwan in this regard. However, “if the New Taiwan Dollar stablecoin only exists in Taiwan, it has no meaning.” The most important key in the future, after the implementation of the Virtual Assets Service Act, is how to align with international standards.

This observation is extremely accurate. Hong Kong has launched a Hong Kong dollar stablecoin, Singapore is testing a Singapore dollar stablecoin, and Japan is also researching a digital yen. In the competition among Asian financial centers, if Taiwan falls behind in the stablecoin sector, it may lose its strategic position in the digital asset era. The internationalization of the New Taiwan dollar stablecoin is a key challenge, requiring support from global exchanges, applications in cross-border payment scenarios, and recognition from international investors.

Hsu Shubo stated that after serving as a legislator for 20 years, he always felt that he understood everything, but after entering the industry, he realized, “It turns out I understand nothing.” Therefore, the main purpose of the Taiwan Digital Assets and Open Technology Association is to promote knowledge of stablecoins and digital assets. He also openly recruits new members, “We welcome those who are interested and have ideals to join us. We hope the association continues to grow and plays a role in voicing during the government's promotion process.”

The founder of the Taiwan Digital Asset and Open Technology Association, Jiang Guangze, also stated that amidst the global wave of digital assets, the association sees opportunities for development in Taiwan. The association will focus on the digital transformation of small and medium enterprises, AI, and digital assets, aiming to create a new ecosystem for Taiwan's digital technology and work together for Taiwan's digitalization and economic development. He bluntly said, “Taiwan must seize the initiative in the digital asset war and cannot fall behind.” He also announced that the next forum organized by the association will be held on December 18, focusing on sharing experiences in corporate digital transformation.

Stablecoins not stable? Lin Zhichen reveals three major applications of the New Taiwan Dollar stablecoin

Lin Zhichen also talked about stablecoins, emphasizing that “actually, stablecoins are not stable at all,” but are relatively stable because they are pegged to fiat currencies. This seemingly contradictory statement actually reveals the essence of stablecoins: their “stability” comes from being anchored to fiat currencies, rather than from the inherent stability of their own value. This mechanism causes stablecoins to inherit the volatility and inflation risk of fiat currencies, but it also provides a bridge between the crypto world and traditional finance.

Three Major Use Cases of Stablecoins:

Temporary Storage Tool for Crypto Assets: Reduce conversion costs and withdrawal risks, a harbor for traders' funds while waiting for opportunities.

Replace Foreign Exchange Investment: By purchasing USDT to participate in the fluctuations of the US dollar exchange rate, Taiwanese investors can use stablecoins to participate in the appreciation of the US dollar.

Daily Payments: In the future, it can be used for daily payments, becoming a digital alternative to fiat currency, with cross-border payment efficiency far exceeding traditional banks.

Lin Zhichen pointed out that currently less than 5% of the population in Taiwan actively uses Web3, and the industry is still in its early stages. He believes that this is exactly where Taiwan's opportunity lies. When the market is still in its early stages, first movers have the chance to establish a first-mover advantage. Taiwan's global leading position in the semiconductor, AI, and technology manufacturing sectors can be translated into competitiveness in the digital asset space.

Colin Group's Hearing Division General Manager Lin Shangwei told the media that in recent years, digital assets, open currencies, and AI applications have not only risen but have also changed very quickly. He hopes to gain a deeper understanding by participating in the 2025 Taiwan Digital Asset Forum and bring back what he learns to the company as a reference direction for future development. Lin Shangwei candidly stated that before attending the forum, he had a vague understanding of virtual assets and stablecoins, but the first half of the session provided a good entry point for beginners, with experts clearly explaining the context of trends, which was very beneficial. This positive feedback indicates that the 2025 Taiwan Digital Asset Forum has successfully established a platform for industry exchange.