In 2008, Li Xiaolai, who was teaching at New Oriental, had not yet become the "richest Bitcoin man in China."
In 1972, there was a wave of layoffs in Northeast China. Li Xiaolai, who was born in Jilin Province in Northeast China, must have suffered a lot.
The 18-year-old Li Xiaolai happened to be in the midst of a wave of layoffs in Northeast China. The world before him was in a mess and the future was uncertain.
Compared to Vance's "the only way out for children from poor families".
At the time, 18-year-old Li Xiaolai stood in the fog and could not see a way out.
There is a sentence in the theory of "escape velocity":
A spacecraft needs to reach a certain speed to fly away from the Earth, the Milky Way, and the solar system."
For Li Xiaolai, who was determined to escape from his backward hometown, this sentence should be the key point of inspiration.
Making money and making money quickly became Li Xiaolai's life goal at the time.
In 2001, Li Xiaolai, who saw no future in Northeast China, moved to Beijing alone and became a teacher in the overseas department of New Oriental. (He mainly interacted with students who were about to study abroad.)
This lasted for 8 years.
In 2008, Li Xiaolai felt that it was better to be his own boss than to work for others, so he continued with his old business - studying abroad consulting and training.
Until 2013, 42-year-old Li Xiaolai was not doing well in Beijing. It was too difficult to make a name for himself by relying solely on his back.
In May 2013, after the "4.20" 7.0-magnitude earthquake in Lushan County, Sichuan, the disaster area received a variety of donations. The strangest of them was the more than 230 bitcoins received by the charity organization One Foundation.
In May of the same year, CCTV interviewed Li Xiaolai at Garage Coffee.
Later, Bao Erye said indignantly that when CCTV was interviewing Garage Coffee, Wu Gang was not there, Zhao Dong was not there, and he was not there either. Su Hui (the founder of Garage Coffee) asked Li Xiaolai to be interviewed.
Li Xiaolai came over and said he had six figures in Bitcoin. CCTV did not even look at his Bitcoin address and directly exposed him.
From then on, Li Xiaolai became a frequent guest on CCTV interviews.
In the same year, the "richest man" Li Xiaolai raised 20 million RMB to establish the Bitfund fund.
The fund received approximately 30,000 bitcoins at the time.
At this point, 42-year-old Li Xiaolai finally became the "richest man in Bitcoin".
In 2017, when Bitcoin was in a bull market, the Bitfund fund also reached its redemption deadline, and Li Xiaolai unilaterally announced a one-year extension of the redemption.
A friend of Bao Erye posted a video on his Weibo, saying that the 30,000 coins he had put in (Li Xiaolai's) fund had evaporated.
Bao Erye himself said in the video: The person who should be fighting with Li Xiaolai the most should be Lao Wu.
Wu Gang then reposted the post and said: “I hope Bitfund can be open and transparent to LPs and live up to its original aspirations and trust.”
But they received no response.
46-year-old Li Xiaolai has truly become the “richest man in Bitcoin” this time.
