The Chinese "swindler" who hooked up with Musk has become more and more arrogant after fleeing to the United States, and often "tricks people" into buying Bitcoin in major media.

On September 15, 2021, a notice issued by the Bank of China defined all businesses derived from virtual currency as illegal activities, and the chaos caused by virtual currency in the domestic financial circle came to an end.

Many people in the cryptocurrency circle sold their bitcoins and left the blockchain, the biggest scam of the century. Most of them returned to our A-shares, walked on the right track, and continued to add fuel to the feast of capital.

But at this time, Guo Hongcai, the "number one" in China's cryptocurrency circle at the time, had already crossed the ocean three years ago with tens of billions of dollars of property "swindled" from selling bitcoins to others and continued his "virtual currency business" in the United States.

He even arrogantly posted on Twitter (x) to increase his own popularity, and shamelessly called the domestic victims "leeks" and vigorously promoted Bitcoin.

Guo Hongcai

So how did this plain-looking, somewhat rustic man manage to swindle billions of dollars in just five years? And how did he continue to expand his so-called "business" after fleeing to the United States?

About Guo Hongcai

In 1985, Guo Hongcai was born in Pingyao County, Shanxi Province, one of the birthplaces of Shanxi merchants, with a strong business atmosphere.

Guo Hongcai's father and grandfather were all small businessmen. Influenced by them, young Guo Hongcai also had a lot of business experience and often did small business among his classmates. The teachers said that he was smart and had a good material for doing business.

At that time, no one would have thought that this quick-witted student would one day become a nationally sensation in the Bitcoin scam.

After entering the society, Guo Hongcai became a salesperson of Pingyao beef. Sales is a job that broadens your horizons. In the process of communicating with customers, Guo Hongcai gradually understood the psychological needs of customers and became the head of the sales department from a sales rookie.

At this time, Guo Hongcai entered the middle class and lived a stable and comfortable life. However, the ambitious Guo Hongcai was unwilling to stop there and looked for new ways to make money every day.

One day in 2014, Guo Hongcai went to Beijing to attend sales training. By chance, Guo Hongcai heard people talking about Bitcoin. Guo Hongcai, who had a keen business sense, became very interested in Bitcoin.

In order to learn more about Bitcoin, Guo Hongcai went to listen to Li Xiaolai's lecture. At that time, Li Xiaolai was not yet the future "Bitcoin richest man", but with his experience in the education industry, he explained the characteristics and advantages of Bitcoin clearly, and Guo Hongcai was completely attracted by the virtual currency.

At that time, Bitcoin was not well-known, and many people doubted its value, thinking it was just a scam and would not last long. But the shrewd Guo Hongcai thought it was very promising and could bring huge wealth if it was done well.

As soon as Guo Hongcai returned to Shanxi, he quit his well-paid sales job and started to trade cryptocurrencies professionally at home.

Relatives and friends all think Guo Hongcai is crazy. As we all know, investment is risky. If you think that cryptocurrency trading has a future, you can do it part-time to test the waters. If you are sure that it will succeed, then follow up.

Why would you quit your stable job? What if your investment fails? How would you live then?

Guo Hongcai used his savings and borrowed money to open a Bitcoin mine in Inner Mongolia. From a distance, the mine looked like a messy chicken coop, filled with mining machines specifically used to mine Bitcoin.

Thousands of machines run 24 hours a day without interruption. Even in Inner Mongolia, where electricity prices are very cheap, the monthly electricity bill is at least 500,000 yuan. Guo Hongcai gets 100 bitcoins a day.

Faced with so many virtual currencies, how to sell them became a problem for Guo Hongcai. You have to know that in 2014, virtual currency was a strange concept to most people. It was really difficult to sell Bitcoin to the frugal, cautious and obedient Chinese people and make them rich in the future.

However, this was not a problem for Guo Hongcai, who came from a sales background. His many years of sales experience gave him a deep understanding of human nature. Facing the obstacles before him, Guo Hongcai's strategy was to "create momentum through the media"!

At that time, Youku was still the leader in the video industry, with a considerable number of daily active users. In addition, Guo Hongcai and his wife were well versed in consumer psychology, eloquent, and their video production was also very sophisticated, so they soon gained a lot of fans. Guo Hongcai also became a big boss in the cryptocurrency circle in the hearts of fans, a wealth legend, and was called "Second Master Bao" in the world.

At this time, the value of Bitcoin also began to rise, and Guo Hongcai's boasting became more and more exaggerated. Later, Guo Hongcai used money to open the way and participated in various economic talks at home and abroad.

In these talks, Guo Hongcai always likes to brag about the benefits of Bitcoin, and his exaggerations have become bigger and bigger. At the Davos Forum, he even claimed that the market value of Bitcoin would exceed the GDP of all countries, which is extremely arrogant.

But the crazy rise in Bitcoin prices in the following years made more and more people take his words as the guiding principle, fall into Guo Hongcai's trap, and become extremely rich.

Most of the people who were deceived into buying Bitcoin later changed their identities and lost the motivation to work hard. They chose to lie down at their best age, doing nothing every day and traveling around the beautiful mountains and rivers of our motherland.

Big Liar Guo Hongcai

In December 2017, the market price of Bitcoin was about 20,000 yuan per coin, creating countless wealth legends. At this moment, the whole world was crazy about it.

Guo Hongcai, who entered the market early, made a lot of money, but he still dressed simply, wearing street clothes and a pair of cheap slippers wherever he went. This is exactly how Guo Hongcai was so clever as a liar.

Being "down-to-earth" is very important in the marketing process. If you wear famous brands and gold-rimmed glasses, you will feel distant from ordinary people, who will be wary of you during communication, which will not be conducive to subsequent fraud.

Guo Hongcai, who was born in sales, knows that in the virtual currency business, he is not afraid of being scolded, but he is afraid of being ignored. As long as there are people willing to pay attention to him, he has the opportunity to make money. Therefore, whenever there are major events at home or abroad, Guo Hongcai will go there to take part in them, so as to maintain his popularity.

The world's richest man, Musk, bought Twitter. As a liar who is good at marketing, how could Guo Hongcai give up this opportunity? So he announced on social media that Musk admired his talent and was about to promote him to become the CEO of Twitter.

After seeing this news, the public will not care whether the news is true or false. Their attention will be firmly attracted by the remarks of Guo Hongcai, and they will spontaneously help to hype it up.

As long as the population base that pays attention to this matter is large enough, there will definitely be people who will believe Guo Hongcai's lies and use their hard-earned money to buy Bitcoin. From then on, they will no longer have the motivation to work, and will only be accompanied by cold luxury cars and villas.

Later, after an investigation by industry insiders, the truth of the matter was discovered. As expected, the Twitter mentioned by Guo Hongcai was not Twitter at all but Twitter Dog Twit, a typical example of selling dog meat under the guise of sheep meat!

It can be seen that Bao Erye Guo Hongcai has tried so hard to deceive people into buying Bitcoin, and his determination to prevent normal people from delivering food and screwing screws has never changed.

Why wasn’t I cheated by Bao Erye Guo Hongcai back then? He could have tricked me into buying 100 bitcoins, or even 10 would have been fine.

Master Bao! I hate you...