Introduction to Web3: Industry Leaders (3) Investors

Introduction

"Hear that some people have achieved financial freedom through Web3? Don't rush to envy—among these 'betting on the future' investors, some succeeded with 'early bird' vision (like Li Xiao Lai who all-in on Bitcoin in his early days), while others succeeded with 'holding firm' courage (like MicroStrategy betting big on Bitcoin)... They are like 'risk gamblers' in the Web3 world, and they can become gods if they win, or just fade into the crowd if they lose. Today, we will break down these investors who have invested in a trillion-dollar market, see what they are actually betting on, and what pitfalls they have left for beginners."

Li Xiao Lai:

Chinese Bitcoin evangelist, made early large investments and promoted Bitcoin, wrote books, and influenced many Chinese early participants.

Li Xiao Lai, the Bitcoin richest man, talks about the future of Bitcoin (subtitle version) | Speech at the first China Bitcoin industry summit

https://www.bilibili.com/video/BV1GZ421T72z/

Michael Saylor:

Traditional capital participant, founder and CEO of MicroStrategy, advocated and practiced Bitcoin as a corporate asset reserve.

Michael Saylor's 2025 Bitcoin keynote speech: 21 Rules to Wealth

https://www.bilibili.com/video/BV1N97bzDEEj/

Michael Novogratz:

Founder of Galaxy Digital, brought traditional Wall Street capital on a large scale into the cryptocurrency field.

Interview with Mike Novogratz, President of Galaxy Digital - Most wealth is created in trends (Bilingual subtitles)

https://www.bilibili.com/video/BV1cp4y1n7LP/

Chris Dixon:

VC leader, founder and managing partner of a16z crypto, led investments in numerous top blockchain startups.

Chris Dixon: How a blog made this investor a billionaire

https://www.bilibili.com/video/BV1vu4m1w7sP/

Marc Andreessen:

Co-founder of Andreessen Horowitz (A16Z), early layout and strong support for blockchain technology.

Founder of venture capital firm Andreessen Horowitz Marc Andreessen talks about the future of venture capital

https://www.bilibili.com/video/BV1UWKZzCEH1/

Naval Ravikant:

Founder of AngelList, actively promotes blockchain concepts in entrepreneurship and investment.

Three-hour complete interview with Naval (Bilingual subtitles)

https://www.bilibili.com/video/BV1TMpTz6EjY/

Q&A

Q: How many Bitcoins does Li Xiao Lai have? What is he doing now?

A: As of now, the exact number of Bitcoins held by Li Xiao Lai has not been publicly disclosed. In 2013, when interviewed by CCTV, Li Xiao Lai revealed that his Bitcoin holdings exceeded 100,000 units, with Bitcoin's price around $1,000 per unit at that time.

In 2018, he announced his exit from the cryptocurrency circle under domestic policy pressure. In July 2024, Li Xiao Lai published a new book titled "The Truth About Wealth." Later, Li Xiao Lai remained active on social media and posted on X (formerly Twitter) in December 2024 stating, "I glimpsed the future, and I've experienced it more than once," accompanied by a Bitcoin tag.

Q: Which company does the well-known Grayscale belong to?

A: DCG (Digital Currency Group) is the parent company of Grayscale, one of the most important subsidiaries of DCG. Grayscale is one of the largest cryptocurrency asset management companies globally, while DCG is its direct controller and also the parent company of numerous cryptocurrency-related companies including Genesis.