Guo Hongcai's contributions to the blockchain industry
1. Early promotion and popularization of Bitcoin
In the early stage when Bitcoin was not widely recognized by the public, Guo Hongcai (Baoye) promoted its popularity in a very personal way. In 2015, he initiated the 'Bitcoin China Tour,' promoting the value of Bitcoin nationwide and attracting many grassroots investors' attention, being called the 'pioneer and guide of Bitcoin.' He often encourages ordinary users to hold Bitcoin for the long term with the concept of 'holding coins and waiting for appreciation,' even insisting on speaking out during bear markets to help the industry through tough times.
2. Mining farm construction and industry chain layout
In 2014, Guo Hongcai established the world's largest Bitcoin mining farm at that time in Inner Mongolia, utilizing the local low electricity costs and climate advantages to reduce mining costs and promote China's global leading position in Bitcoin mining. In addition, he acquired the Bitcoin navigation platform BTC123, deeply engaging in the entire Bitcoin industry chain to provide infrastructure support for the industry.
3. Grassroots entrepreneurship and project incubation
In 2017, he founded the 'Blockchain Huangpu Military Academy' to screen and support grassroots entrepreneurial projects, especially ICO projects. Although the quality of projects varies, this platform provided funding and exposure opportunities for early blockchain entrepreneurs, promoting the industry's early development.
4. Innovation in traffic and entertainment marketing
Guo Hongcai defines the cryptocurrency circle as an 'entertainment circle,' attracting public attention through ostentatious displays of wealth and exaggerated statements (such as 'I will eat a large plate of chicken live if Bitcoin doesn't reach $1 million') to expand the industry's traffic with a 'three vulgarities' image. He believes that 'traffic equals value,' successfully combining grassroots culture with blockchain, lowering the participation threshold for ordinary users.
5. International influence and cross-cultural output
He actively exports the experience of China's Bitcoin industry overseas while introducing international projects to promote global blockchain ecosystem communication. For example, he purchased a mansion in Silicon Valley, USA, and established the Bitangel fund to invest in global blockchain projects, becoming a bridge connecting Chinese and Western markets.
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