Bitcoin (BTC) Tycoon Li Xiaolai Quits Investing in Crypto and Blockchain Projects

Li Xiaolai, a famous Bitcoin (BTC) tycoon, founder of BitFund, and renowned BTC holder announced that he quits investing in crypto and blockchain projects. Li Xiaolai’s decision caused some buzz across China’s cryptocurrency community after his announcement emerged on the Chinese popular social network, Weibo.

“From this day on, Li Xiaolai personally will not invest in any projects (whether it is blockchain or early stage). So, if you see ‘Li Xiaolai’ associated with any project (I have been associated with countless projects without my knowledge, 99% is not an exaggeration), just ignore it. I plan to spend several years to contemplate on my career change. As for what I’m doing next, I’m not sure just yet,” said Li Xiaolai, a famous Bitcoin (BTC) tycoon.

Immediately after the announcement popped up, Li’s supporters commented, many of them trying to make him change his mind. On the other hand, some crypto enthusiasts showed skepticism regarding the post.

Bitcoin (BTC) Tycoon Li Xiaolai Quits Investing in Crypto and Blockchain Projects

li xiolai bitcoin btc tycoon - Bitcoin (BTC) Tycoon Li Xiaolai Quits Investing in Crypto and Blockchain Projects

Across China, Li Xiaolai is a famous cryptocurrency- and blockchain-related figure as it has been the first one to promote an opened investing attitude regarding Bitcoin (BTC) in China.

The so-called Bitcoin (BTC) tycoon, Xiaolai, started its career in crypto-verse with some educational programs and podcast about Bitcoin (BTC). He even managed to make some Chinese individuals choose cryptocurrency investments over their regular jobs.

However, he became famous when his crypto-related company, BitFund, became one of the world’s leading firms connected to the cryptocurrencies market.

Li Xiaolai also created a significant buzz in the Chinese cryptocurrency ecosystem in July when he deemed Binance as a scam and NEO as a worthless project with an inflated value.

Now, the Chinese Bitcoin (BTC) tycoon decided to quit investing in crypto- and blockchain-related projects, a decision that started some controversial discussions within the cryptocurrency community in China.


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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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