Li Xiaolai, who bought 100000 Bitcoin to realize 13.5 billion yuan, now calls it a "scam"

Tech 2023-05-28 14:11:28 Source: Network

#Challenge 30 Days to Write a Diary on Headlines#Lei Jun once said, "Standing on the wind, even pigs can flyAs is well known, the most prosperous industries in China have always been the real estate and internet industries. In recent years, the richest people on China's rich list have mostly come from these two industries

#Challenge 30 Days to Write a Diary on Headlines#

Lei Jun once said, "Standing on the wind, even pigs can fly

As is well known, the most prosperous industries in China have always been the real estate and internet industries. In recent years, the richest people on China's rich list have mostly come from these two industries. However, in fact, in addition to this, there is another industry that can quickly make people rich, which is virtual currency.

In 2008, the global financial crisis broke out, and people were in panic. However, at this time, a man named Nakamoto Cong released a paper entitled Bitcoin: A Peer to Peer electronic cash System. A few months later, the Genesis block of Bitcoin was born, and anyone can purchase this new virtual currency.

The so-called virtual currency refers to the currency circulating in the online world. It is different from traditional currency and is not issued by the government or banks, nor does it rely on paper or metal to reflect its value. Virtual currency is generated by specific internet companies or network algorithms and relies on internet technology. Although we cannot see or touch it, it is precisely this characteristic that makes most virtual currencies valuable

Although many people are not interested in this invisible and intangible currency, and in China, as it is not issued by the government, lacks legal payment capacity, and cannot be circulated and used in the market, the investment and transactions between virtual currencies are not protected by law. But even so, there are still people who are attracted by this novelty and cannot help but invest in the possibility of wealth growth.

The value of Bitcoin fluctuates greatly, and at its highest point in history, the value of a Bitcoin was as high as $20300, equivalent to approximately 140000 yuan in Chinese yuan. Although the price of Bitcoin varies, even at this stage, the value of a Bitcoin is still over ten thousand yuan. Therefore, this virtual currency has attracted many people's attention and investment.

Li Xiaolai is one of the important figures in the Chinese Bitcoin market. He became interested in Bitcoin during its early days and quickly realized its potential value. He purchased a large amount of Bitcoin during the period of low Bitcoin prices, and it is said that he accumulated 100000 Bitcoins within a year. At that time, the value of Bitcoin was far from reaching its current level, with one dollar being able to exchange for 1300 Bitcoins.

With people's understanding and perception of Bitcoin, more and more people are starting to invest in this field, and the value of Bitcoin has also increased. Li Xiaolai's wealth also increased as he founded the Bitcoin Fund in 2013 and began investing in Bitcoin related investments. He also opened a column and published many books on investment, becoming a well-known figure in the Bitcoin field.

Li Xiaolai's achievements in the field of Bitcoin have made him the subject of coverage by The Wall Street Journal, known as the "person in China who holds the most Bitcoin". However, whether he really owns 100000 Bitcoins has not been confirmed by others. However, in any case, his influence in the Bitcoin field is undeniable, as his lectures and column programs have attracted a lot of attention, allowing him to accumulate a large amount of wealth.

Li Xiaolai is a controversial figure. He discovered its potential value in the early stages of Bitcoin and successfully accumulated a large amount of Bitcoin. During the period when the value of Bitcoin reached its highest point in history, the value of Bitcoin in Li Xiaolai's hands had reached an astonishing amount. According to reports, he was able to earn at least $1934.1 million, equivalent to RMB 13.53 billion, during the peak value period of Bitcoin.

However, the value of Bitcoin began to decline after 2017, and many people suffered heavy losses in this hype. And Li Xiaolai seems to have already foreseen this trend, as he cashed in all his Bitcoin during the peak period of Bitcoin prices, achieving maximum profits.

In 2016, Li Xiaolai once again focused on the trend of "knowledge payment" and earned 40 million by imparting Bitcoin knowledge. After the popularity of Bitcoin decreased,They began to negate the comparison of special currency and even described it as a "scam".This transformation has left many people puzzled and questioned his credibility.

However, Li Xiaolai himself doesn't seem to care about it. He once admitted to being a "internet celebrity" and believed that "consensus value" was the greatest value of blockchain. His viewpoint is that when many people have a deep belief in something, it will generate value, even if these people are fools.

Li Xiaolai's viewpoint has caused dissatisfaction among many investors, but some people believe that his words are not completely unreasonable. If a thing can attract a lot of attention, it will naturally generate value. Virtual currency is not a real thing, it is just a derivative product of the Internet, and its value lies in the belief of a group of people in it. This is also why Li Xiaolai has been successful in the Bitcoin market. He knows how to use people's attention and beliefs to create value, which is also the key to his ability to fully retreat from this wave.

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