Playing with Buffett, cashing out tens of billions at a time? ?

How wild is Sun Yuchen, the "cryptocurrency tycoon" born in the 1990s? ?

Born in 1990, he became rich by speculating in virtual currencies. In 2017, he gradually became a frequent visitor to the public eye because he spent 30 million yuan to bid for Buffett's lunch. Sun Yuchen once packaged himself with gimmicks such as "Peking University bully", "representative of post-90s entrepreneurs", and "cover figure of "Asia Weekly", and founded TRON , focusing on speculating in virtual currencies, he made his 2 cents of virtual currency into a market value of 14 billion. His various behaviors are quite controversial. Some people call him a "scammer", while others think he is a "genius".

How did he make a 2 cents virtual currency into a market value of 14 billion? And why is he wanted by the whole United States?

Unlike other entrepreneurs who have worked hard to make a fortune of tens of billions, Sun Chenyu can be said to be a model of overnight wealth. He copied foreign concepts, circled investors' money when he returned to China, and then used the world's richest man to hype and build momentum, and after gaining traffic, he once again circled the money of ordinary people. This repetitive method has gained both fame and fortune.

Sun Chenyu is not from a grassroots background. He was born in a well-off family in Xining in 1990. Because of his excellent performance in the college entrance examination, he was admitted to Peking University. Later, he went to the University of Pennsylvania, which ranks in the top 50 in the United States, for further studies.

At Penn, where business talents are numerous, Sun Yuchen first learned about the new concept of blockchain and learned how to trade Bitcoin. At that time, Sun Yuchen had just earned several times the profit through Tesla's concept stocks, so he invested all his money in Bitcoin.

Sun Chenyu caught up with the right time. In 2013, when Bitcoin just started to gain momentum, he got a return of 70 to 80 times on his investment. After seeing how powerful the appreciation of virtual currency was, Sun Chenyu decided to bring this concept back to China, develop his own digital currency, and focus on this track.

In 2014, the domestic venture capital field had just started. Whether it was domestic investment companies or foreign venture capital institutions that decided to make a big splash in the Chinese market, they all faced a stage where they had a lot of money but could not find projects. Influenced by foreign companies, venture capital companies at that time had almost three investment projects: novel concepts, origins from prestigious schools, and future market value growth.

In 2015, he also studied at Jack Ma's Lakeside Academy