Some people say he is a grassroots idol, some people say he is a cancer in the cryptocurrency circle. He is Bao Erye. A high school graduate who is a beef offender, he has been a migrant worker in Beijing, attended classes at Tsinghua University, traded CDs, and sold beef. He entered the cryptocurrency circle in 2013 and achieved financial freedom in 5 years. In 2018, he bought a mansion of 100 acres in Silicon Valley, USA, and started to grow flowers, vegetables, and wine. He directly reached the peak of his life and lived a life that he could not even imagine a few years ago. The famous five-star general MacArthur said that he went to listen to Bao Erye's speech that year and directly bet all his property, but it all came back to zero. Bao Erye Guo Hongcai once said on Weibo that he did not forget his original intention and was for money.
In this article, let's see how a beef vendor came into contact with Bitcoin and how he changed his fate through Bitcoin. Guo Hongcai was born in Pingyao, Shanxi, which is famous for its ancient city and beef. Before investing in Bitcoin, Guo Hongcai was the head of the sales department of Pingyao Beef Group Co., Ltd. In 2013, in order to learn how to better sell beef through the Internet, Guo Hongcai brought his wife Jin Yangyang to Beijing. At this time, Li Xiaolai, a famous teacher at New Oriental who already had a certain reputation in the field of Bitcoin, held a Bitcoin sharing session at Garage Coffee in Zhongguancun, Beijing.
Jin Yangyang came to Beijing for the first time. He was unfamiliar with the place and liked to wander around when he had nothing to do, hoping to find some ways to start a business. He happened to pass by Garage Coffee and thought it was a gathering of entrepreneurs, so he wanted to sit down and learn. Who knew that Jin Yangyang was fascinated by it and immediately took out hundreds of thousands of bitcoins to buy hundreds of people. At that time, the price of one bitcoin was about 500 yuan. At first, Jin Yangyang did not tell Guo Hongcai about this, but the price of bitcoin immediately rose to 600 yuan. People are like this. They don’t want to talk about making money when they lose money, but they can’t help but want to talk about it. Jin Yangyang also didn’t help but tell Guo Hongcai that he spent hundreds of thousands of bitcoins to buy bitcoins. When Guo Hongcai heard that his wife spent so much money to buy bitcoins, he must have panicked. He thought his wife must have been deceived by pyramid schemes. In the end, he asked her to sell it quickly, but his wife seemed to be brainwashed and was unwilling to sell it no matter what. In desperation, Guo Hongcai followed Jin Yangyang to Garage Coffee.
At this time, he met Li Xiaolai. Who knew that Li Xiaolai's brainwashing ability was so strong that Guo Hongcai was completely brainwashed by Li Xiaolai without much effort. At this time, Guo Hongcai suddenly realized that he no longer wanted to sell beef, and Bitcoin was its future. So he quit his job selling beef and devoted himself to Bitcoin. In 2013, Guo Hongcai and Jin Yangyang co-founded China's earliest Bitcoin self-media Yangyang Interview, interviewing various great people in the Bitcoin circle. Li Lin of Huobi, Xu Mingxing of OKx, and Wu Jihan of Bitmain were all met in this way. At that time, there was no sophisticated post-production, and many videos were directly posted online without losing a single frame.
Later, Yangyang Interview opened a course called "Bao Erye teaches you how to play Bitcoin" and the main content was to teach everyone how to operate Bitcoin from scratch. At this time, Bao Erye's reputation gradually became popular. At that time, whenever Guo Hongcai was mentioned, everyone called him Bao Erye. Bao Erye bet almost all of his wealth on Bitcoin. He not only borrowed money from friends, but also mortgaged his father's house to the bank to enter the Bitcoin market. However, from 2014 to 2016, the Bitcoin market has been in a sluggish state. Bao Erye was deeply involved in it. He heard that opening a mine could make money. In 2014, he went to Inner Mongolia to open a mine and built the world's largest Bitcoin mine at that time. It is said that the daily electricity bill was 500,000 yuan. Later, the cost of mining became higher and higher, but the price of Bitcoin continued to fall, and even fell to $160 in 2015. Bao Erye felt that this would not work, so he sold the mine and started his Bitcoin trail journey.
In order to let more people know about investing in Bitcoin, Bao Erye began to give promotional speeches in China and the United States. His speech style is unique, characterized by being down-to-earth, colloquial, and highly inflammatory. According to him, he tried his best to build momentum and said that I am not well-educated, but this is the logic of how I make money. Soon, he became a celebrity in the cryptocurrency circle.
That year, the Davos Economic Forum invited Guo Hongcai to participate. He was invited as a mine owner. At that time, Guo Hongcai didn't know what kind of meeting Davos was. He thought it was just a few brothers sitting together to brag. But he didn't think much about it and went there in shorts and big slippers. Who knew that when he arrived at the venue, he was stopped by the security guards because he was too casual. Under the coordination of the organizer, Guo Hongcai entered the venue. During the meeting, in front of a group of financial people in suits and leather shoes, Guo Hongcai talked freely in his self-taught English. It was at this meeting that he said the wise saying: I will tell you that the value of Bitcoin is equal to the total GDP of all countries in the future. The financial people present thought Guo Hongcai was a lunatic. Only some people who knew about Bitcoin at the scene thought what he said made sense. This participation in the Davos Forum made Guo Hongcai completely out of the circle and completely popular. Bo Erye also went from an unknown person to a big boss in the currency circle, harvesting a large wave of traffic and earning enough eyeballs.
Bao Erye caught up with the coin issuance craze in 2017. In order to attract popularity and investment, many token projects must find well-known people to endorse them. Bao Erye is a popular candidate. At the same time, he is also very frank. He said that he only endorses but does not invest. He charges a 1% endorsement fee and says that he makes decisions based on intuition. Many investors regard him as a grassroots idol. As long as the project endorsed by Bao Erye is a big hit. According to incomplete statistics, Bao Erye endorsed more than 100 projects. Weibo netizens once revealed that Bao Erye earned more than 200 million yuan through ICO endorsements.
On September 4, 2017, the central bank and seven departments jointly issued a document to stop ICO. Guo Hongcai, who has been in the cryptocurrency circle for 4 years, has a strong policy sensitivity. The day before, he supported the ICO project, and the next day, he organized the ICO Legal Education Tour in China, the purpose of which was to respond to the national call and implement the notice of the seven ministries. At this time, Guo Hongcai had more bitcoins in his hands and the wealth he gained from the platform, which he could not spend in several lifetimes. So he began to find a way out for himself and quietly ran to the United States. #BTC
In January 2018, Guo Hongcai located himself in the United States for the first time and sent out a Weibo post, which means that he has moved his family to the United States. In March of that year, he spent more than 30 million RMB to buy a villa estate of 100 acres in Silicon Valley, USA. This luxury house is located deep in the forest on the outskirts of Los Gatos Town, which is the top 33 in the United States in terms of wealth. In addition, Guo Hongcai also bought a Rolls-Royce for himself and Jin Yangyang, one of which is white and the other is a Rolls-Royce classic car. Guo Hongcai lives a rich life in the United States, shooting some videos from time to time and then returning to China. The content of the video is mostly about analyzing the market of Bitcoin and major events in the currency circle, and at the same time, he does not forget to show off his luxury cars and mansions.
Although people in the industry have mixed opinions about Guo Hongcai, some people praise him for his free and easy personality, while others think he is a nouveau riche who is good at harvesting leeks. But it is undeniable that Guo Hongcai has obviously caught the wave of development in the Bitcoin blockchain industry and successfully staged a drama of a loser's counterattack in reality, turning him from a grassroots beef seller into a leader in the Bitcoin blockchain industry that cannot be underestimated.
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