The statements in this article are based on reliable sources of information and are detailed at the end of the article
Li Xiaolai, who was born in New Oriental English, is the earliest beneficiary of Bitcoin in China.
13 years ago, as early as when Bitcoin was not popular, Li Xiaolai spent a huge amount to buy 100,000 bitcoins.
Now, 1 bitcoin = 445,000 yuan, Li Xiaolai is already a billionaire with hundreds of billions of assets.
So, more than ten years have passed, how is Li Xiaolai's development?
"Whampoa Military Academy" New Oriental
Li Xiaolai is a smart man who inherited his father's genes from an early age, and his father was a teacher who taught Russian in his hometown of Jilin Province.
Li Xiaolai has always excelled in school and won the computer competition championship in high school.
This competition could have guaranteed him to go to Peking University and Tsinghua University, but in the end, the quota was limited and fell into the pockets of others, so he went to Jilin University.
After graduating, Li Xiaolai showed a different investment talent from ordinary people, he found business opportunities at the local railway station after graduation, acted as an agent for several storefront shops, subleased and recruited a successor, and earned 20,000 yuan in 1994.
At that time, 20,000 yuan was not a small amount of money, but Li Xiaolai used this first pot of gold to become the shopkeeper of the second batch of clothes. At that time, the dream of a millionaire had been realized, but the cold water of the family doused him.
The illness of his family forced him to go home to take care of him, and the business was delayed. When his family's illness was almost cured, his business was almost yellow.
There is no way to go around and start a new business, or find a class.
At this time, Luo Yonghao, a friend of the same country, had already joined New Oriental, a language training institution established earlier in China.
With the strong recommendation of his fellow villagers, Li Xiaolai decided to join this language school as a teacher.
Their teaching of the course is different from that of traditional teachers, the style of the class is funny, the course is easy to understand, and they have received a lot of students' love.
With his experience in taking the TOEFL and IELTS, Li Xiaolai has written a number of tutoring books about the test, such as "TOEFL Core Vocabulary 21-Day Breakthrough" and "TOEFL iBT High Score Essay", which are all essential test books for international students.
Relying on publishing books and lectures from New Oriental, Li Xiaolai has earned as much as "wealth freedom". In 2006, Luo Yonghao resigned from his old club and started his own company.
Li Xiaolai also followed in the footsteps of his fellow countrymen, and in 2008, he also decided to leave his job to become his own boss.
New Oriental is also known as the "Whampoa Military Academy" for entrepreneurial bosses.
Standing on the "tuyere" of Bitcoin
What is an investment that is more profitable than stock trading?
That is Bitcoin, which was born in 2008, which made some people rich and some people went bankrupt and jumped off buildings.
As the saying goes, even a pig will be blown into the sky when it hits the wind.
Li Xiaolai was the first person in China to master bitcoin transactions, and at that time, 1 bitcoin was equal to about 1 dollar, Li Xiaolai claimed to have bought more than 100,000 bitcoins.
Bitcoin was first proposed by the Japanese as a form of money.
It is not paper money in the traditional sense and the currency in circulation of various countries, it is formed through specific calculations, there is no issuing agency, it is not restricted by the use of any country or region, and the value cannot be artificially manipulated.
The number is also limited by the way it is calculated, and the number is only 21 million, which is a pitiful amount for the hundreds of millions of dollars in circulation every year.
Coupled with the fact that its use is not restricted by region, Bitcoin has once become the pinnacle of global popularity.
In 2011, the global online payment has not yet emerged, and Alipay is also a difficult stage of promotion, and people rely more on paper money transactions or the numbers displayed on bank cards.
And Li Xiaolai first discovered this opportunity.
Seeing the trend of digital currencies in the future, he became obsessed with the purchase of bitcoins and spent a lot of money to buy what is said to be 100,000 bitcoins.
In the years after he bought it, the value of Bitcoin has risen by up to 20,000 times, and Li Xiaolai's value has also soared as the value of Bitcoin has risen.
His success has sparked a wave of speculation about Bitcoin in China, and many people are also delusional about making a fortune with Bitcoin.
Who would have thought that they had fallen into the trap of the capitalists?
"Wari Rinna" the Great King
The law of 28 tells us that often only 20% of people can grasp the opportunity to make money, and 80% of people are lost in the wind and lose money.
Many people have followed the trend and caused Bitcoin to skyrocket and plummet, and the momentum is more than half a star faster than the stock.
Many people have made a fortune as a result, but more often than not, it is a rooftop encounter after bankruptcy.
Like a bubble, beauty and brokenness go hand in hand.
In 2013, in order to prevent the emergence of virtual currency speculation, the mainland issued a notice requiring all financial institutions not to use Bitcoin as a transaction currency.
In 2018, a recording of Li Xiaolai suddenly broke out at night and went viral in the circle of friends, discussing the hype about Bitcoin.
He explained in the recording that as the first person to bring Bitcoin in China, he brought the transaction of Bitcoin.
As the big guy, the little leeks below should be cut, and call these small bitcoin traders fools.
If you want to make money, the project is not important, the important thing is to become an Internet celebrity to publicize the project, and the more people who believe it, the project will make money.
Only if there are more fools, believe in these, and there is a consensus between them, it will generate value, and people like him who are not stupid must accept this matter and make money.
He also mentioned his former company, New Oriental, several times.
and claimed that the books he wrote were still the number one sellers, and the first sales of Yu Minhong's free books were considered a fart.
In the recording of about 50 minutes, he said "fool" 24 times and "mom X" 24 times, implying everywhere that everyone who follows him is a fool, and he is the winner who sits on the throne.
Li Xiaolai directly expressed his acquiescence to what he said on social platforms.
Later, it was echoed by many celebrities in the financial circle and the Bitcoin circle.
"Liars see that everyone is a liar, and a fool looks at everyone as a fool."
As soon as these words came out, people began to spray Li Xiao to learn Peking Opera, and their faces changed quickly.
The front foot is still promoting its own views, and it is also resolutely disagreeing to raise funds from retail investors, and will only raise funds from institutions.
turned his face and talked about how many great achievements he made in cutting "leeks".
No matter what public opinion says about him and ridicules him, he feels that it doesn't matter, he doesn't explain, apologize, or act.
What's more noteworthy is that this recording came from the blockchain private equity club he founded himself, which only provides private placement projects for members who have joined.
Those who join the club need to pay a membership fee of 3.6 million yuan, which shows that Li Xiaolai's goal is no longer to cut small leeks.
Now Li Xiaolai has lowered his profile on social networks a lot, and his remarks have been much more restrained, and he is more about sharing his views on some popular events on the Internet.
1. What is the scam of Li Xiaolai Li Xiaolai Bitcoin quantity + worth assets + personal information. Stock City Network. 2018-07-04.
2. Li Xiaolai changed his face: from a life coach to the king of leeks. Beijing News.2018-07-05
3. Is Li Xiaolai's recording really an "accidental" outflow? Overall, it seems to be "counterproductive".北夜在线.2018-07-06