Hello crypto gang!
Welcome to another Lambo Life video.
This video is a bit different from my usual
style but I hope you'll still like it.
If you do please give a thumbs up.
I know it may seem not to matter but it really
helps me a lot.
In this video I will be sharing to you China's
top crazy rich crypto billionaires.
Most of these guys have in one way or another,
invested on Bitcoin and cryptocurrencies early
on.
While most of them have frugal lifestyles
as most Chinese are, they're craazyy rich!
Xiaolai Li (w/ sound effects as the name hits
the screen and the net worth)
Founder of BitFund
Born in the 1970s, Li started as a salesman
and became a well-known English teacher in
China.
Before Bitcoin, he already made a name for
himself by publishing 2 bestselling books
on time management and English.
In 2011, he started mining and investing in
Bitcoin... by 2014, he reportedly owned over
100,000 Bitcoins! making him one of the largest
investors in cryptocurrency.
After founding one of the most influential
crypto-related Venture Capital firm in China,
Li also established a crypto exchange called
Yunbi
Earlier this year, the Bitcoin tycoon caused
a huge uproar in the crypto scene as a secret
recording of him has emerged in Chinese social
media.
In this recording, he called out many big
names in the crypto space as scams and cheaters.
Here are some of the things he said and I
quote:
Qtum is a Garbage coin
NEO is also a stupid project, worthless
there is a scamming exchange called Binance
and there is a scammer called Justin Sun
He announced recently that he will no longer
be invested with any blockchain projects anymore.
There were a number scam crypto projects that
falsely claimed Li was a part of them.
It appears that Li could no longer take it.
He is still optimistic about blockchain in
the longterm.
Star Xu
founder and CEO of OKCoin Exchange
At a very young age he managed to work at
Yahoo as an engineer.
He gained an interest in Bitcoin in 2012.
While using some of the existing crypto exchanges
at the time, he believed he could offer a
better service... so in June 2013 he founed
OKCoin.
His technical expertise and optimism about
the future of Bitcoin has led him to build
up a team of over 150 professionals.
Changpeng Zhao
Founder
and CEO of Binance
Zhao is a Chinese-Canadian businessman who
also served as the CTO of OKCoin Exchange.
born in the Jiangsu province in China, he
moved with his family to Vancouver, Canada
in the late 1980s.
He onced worked at McDonald's to support his
family.
Binance was a crypto exchange that came out
of nowhere then 6 months later became the
most popular crypto exchange in the world.
What's even more admirable is Zhao's character.
Despite being a billionaire he is very down-to-earth
and respectful, according to the reporters
who had the opportunity to sit down and talk
to the guy.
Despite operating a centralized exchange,
Zhao believes decentralization is the future
but it will take some time.
Leon Li
founder and CEO of Huobi
Leon graduated from Tsinghua University with
a master's degree in automation engineering.
He was an early pioneer of financial technology
in China where he became a serial entrepreneur
Leon was once a computer engineer at Oracle
before launching Huobi and making it one of
the biggest crypto exchange in the world by
volume.
Jihan Wu Micree Zhan
Founders and CEOs of Bitmain
Wu and Zhan are two of the most mysterious
figures in crypto.
They jointly own sixty percent of Bitmain,
the biggest ASIC chip manufacturing company
in the world.
Not only do they monopolize the crypto mining
production, but also own the top mining pools.
Wu is very enigmatic.
He is connected to roughly half a dozen conspiracies
and controversies surrounding the crypto space...
this includes the Bitcoin hard fork that took
place last 2017.
His partner is even more mysterious.
Zhan is the technical leader of Bitmain who
doesn't seem to get as much media coverage
as Wu.
It may come as a surprise that Zhan owns more
of Bitmain than Wu. 36% as opposed to Wu's
21%.
But it is important to realize that before
Bitmain Zhan was the original chip manufacturer
while Jihan was merely a Bitcoin fan who had
a crazy idea.
I'll focus more on Zhan here.
If you want to learn more about Jihan Wu and
Bitmain, you may watch The Most Dangerous
Man in Crypto Series.
I'll leave a link under the description.
Zhan graduated in 2001 with a degree in Electrical
Engineering then fisnished his masters by
2004.
His first real-world experience with Silicon
chips was when he worked at United Technologies,
a Chinese company specializing in circuit
design.
In 2010, he started a company called DivaIP
Technologies, which sold TV set-top boxes.
This was the time he met up with Wu.
He wanted to seek his advice about getting
funded.
Wu wasn't able to help much.
3 years later it was Wu this time that sought
Zhan's expertise about chip manufacturing
at the same time proposing to start a company
that manufactures chips for mining this new
internet currency called Bitcoin.
At that time, Bitcoin was still 4 years old,
fluctuating between a hundred to 200 dollars.
With that in mind, you'd think that Bitcoin
going to the moon was something unlikely.
But this was the moment of truth...and Zhan
said yes.
Jack Ma
Founder and Chairman of Alibaba Group
Jack Ma is the richest crypto billionaire
in the world, not just China.
He is a very intersting fellow, driven, innovative,
quite well-known in the crypto industry and
even more so beyond.
I'm not gonna go into too much detail here
but I'd like to highlight important events
in his life.
Most of his fortune is not built on crypto.
Jack learned English as a little boy by conversing
with tourists at Hangzhou international hotel.
He would ride 70 miles just to show tourists
around in return for teaching him English.
He always had struggle with education.
It took him 4 years just to pass the Chinese
Entrance Exams.
Employment didn't come easy either.
Everywhere he go rejection seemed to prevail.
Jack Ma interview
He
later started a small ecommerce company called
Alibaba in 1999.
Even back then, his vision was crystal clear.
*insert 1999 video*
With a market capitalization of 380 Billion
dollars today, Alibaba is no longer a small
ecommerce company but a multinational conglomerate
spanning different industries such as e-commerce,
retail, Internet, AI and of course, Blockchain.
They filed 48 blockchain patents.
Their ecommerce subsidiaries Lynx and T-Mall
have already adopted blockchain technology.
He also partnered with the Chinese government
to create a trusted environment for transactions.
Despite being very bullish on blockchain.
Jack Ma doesn't share the same sentiment with
Bitcoin, calling it a bubble in more than
one occasion.
He's not very interested in cryptocurrencies
either, but it's unclear if it's because of
China's pressure towards it or if he truly
believes it has no value.
Nevertheless, he believes the technology behind
Bitcoin is the future even if Bitcoin has
none.
That's it for today's video thank you so much
for watching.
I hope you learned something and had a good
time as well.
See you guys.
