“Can you trust Bitcoin? You’re wasting your money!”
In 2013, Guo Hongcai, who ran an online store in Beijing, was furious when he heard that his wife had bought a virtual currency called "Bitcoin". However, that year Bitcoin was ushering in a new glory. When his wife Jin Yangyang proudly told Guo Hongcai that her Bitcoin had doubled, Guo Hongcai suddenly realized: the opportunity to change his destiny had come!
In the following ten years, he became a "legend" in the eyes of many people, and was also regarded as a "swindler" by even more people. So, is Guo Hongcai a "genius" or a liar?
Early life: Loser's counterattack
Guo Hongcai was born in the ancient city of Pingyao, Shanxi Province in 1985. He has had a strong interest in business since he was a child. Although his academic performance was poor and he only scored 300 points in the college entrance examination, he dreamed of studying at Tsinghua University. In 2003, he came to Beijing with 10,000 yuan of entrepreneurial funds from his family, rented a house next to Tsinghua University, and sold pirated CDs while attending classes to make a living.
During a cycling trip along the Sichuan-Tibet line, Guo Hongcai met his future wife, Jin Yangyang. The two fell in love and quickly developed into a romantic relationship. In 2008, Jin Yangyang graduated from university, and the two got married and opened an online store in Shanghai, selling Pingyao beef, making a lot of money by taking advantage of the e-commerce boom. However, as competition intensified and business became increasingly depressed, the two decided to go to Beijing to look for new opportunities.
Investing in Bitcoin: From skepticism to enthusiasm
In 2013, Jin Yangyang heard Li Xiaolai's lecture on Bitcoin at an entrepreneur gathering and was so moved that she decided to invest in Bitcoin. She spent more than 100,000 yuan to buy Bitcoin, which was 300 yuan per coin at the time. Guo Hongcai initially strongly opposed it, but changed his attitude instantly after seeing the rapid rise in Bitcoin prices.
The couple decided to invest a lot of money to buy equipment for mining and opened a Bitcoin mine in Inner Mongolia. Fortunately, they caught up with the good time for mining and mined a large number of Bitcoins every day. To facilitate transactions, Guo Hongcai established a Bitcoin trading platform and successfully promoted the popularity of Bitcoin through media and bigwigs.
Cashing in: From an entrepreneur to a "genius boss"
In early 2017, Guo Hongcai founded the "Virtual Currency Huangpu Military Academy", further expanding his influence. He even launched "air coins" without any real value, attracting a large number of "military academy students" who trusted him to invest. In the early days, many people made a lot of money, but as more people entered the market, the market collapsed and many people lost all their money.
The relevant departments banned these virtual currency platforms, but the victims' funds could not be recovered. Guo Hongcai moved his family to the United States with his huge wealth and bought a large manor in Seattle, which he jokingly named "Leek Manor".
The American Road: With Musk, even more arrogant
In October 2022, Musk acquired Twitter, and Guo Hongcai immediately announced that he would serve as the CEO of T Exchange and hoped that T Exchange and Dogecoin would develop together. Although Musk personally came out to clarify, Guo Hongcai once again attracted widespread attention.
Today, is Guo Hongcai still waiting for new opportunities in the "Leek Manor"?
From a loser to a "cryptocurrency genius", Guo Hongcai's legendary story is full of controversy and drama. How did he climb to the pinnacle of wealth step by step, and why was he regarded as a fraudster? Was it a grasp of opportunities or a game of greed? His story reminds us that behind high returns, there are often huge risks and traps.
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!
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