Why Li Xiaolai won't invest in the blockchain

[Mazda3]

Chinese bitcoin tycoon and investor Li Xiaolai said that he would no longer invest in blockchain projects in the future.

Lee is known in China as one of the largest bitcoin holders and investors in blockchain projects. However, a huge number of projects that falsely declared his participation forced him to publicly refuse to invest in blockchain projects in the future.

In his profile on the Chinese social network Weibo, he stated the following:

Starting from this day, Li Xiaolai will not invest in any projects. So, if you hear that I'm involved in a project, just ignore it.
The situation with Lee is not unique. From the very beginning of the ICO boom in 2017, many famous personalities appeared on the lists of consultants for a wide variety of projects, without their consent and knowledge.

Lee also said that he plans to leave the cryptocurrency space for some time.

I plan to spend a few years thinking about my career. As for what I intend to do next - I'm not sure yet. I'm still optimistic about blockchain technology in the long run.
A source: https://cointelegraph.com/news/chinas-bitcoin-whale-li-xiaolai-halts-blockchain-related-investments

[Mateusz]

People started to build a decentralized internet which will probably be based on blockchain too, it's future after all, if someone rich doesn't want to put atleast abit of his money into a blockchain projects hes just stupid imo

[Mazda3]

23 minutes ago, Mateusz said:

People started to build a decentralized internet which will probably be based on blockchain too, it's future after all, if someone rich doesn't want to put atleast abit of his money into a blockchain projects hes just stupid imo

Fully possible, but before that he somehow became one of the richest people)) it proves that he is not so stupid) a very even intelligent man