Stupid Kid

“My friends thought I was crazy because I was selling my apartment in Shanghai to go into crypto and I was quitting my job. So I was jobless [and] homeless. By most people's definitions that is crazy.” His friend’s assessment was proven correct as Zhao lost $700,000 when Bitcoin crashed two months after he went all-in. Zhao’s mother called him a “stupid kid” and lamented why he couldn’t get a nice job in a corporate.