An increasing number of young faces are emerging in the crypto world, many of whom have incredible stories.

20-year-old Liang Xi is a typical example—he once dominated the Hebei region in "Honor of Kings," then shifted to the futures market, using 100x leverage to go long on Bitcoin, turning 2,000 yuan into 40 million in just a month. Last February, he posted a screenshot of shorting Ethereum on social media, earning 1.1 million USDT in half an hour. Now, he often predicts market trends online, with fans eager to follow and make quick profits.

Similarly, Zohar from Fuzhou, who entered the scene early, lost heavily when he used 3,000 yuan of pocket money to buy Bitcoin in high school. After starting university, he took a break to focus on NFTs, with daily operations yielding dozens of times the profit. He is now a co-founder of an art DAO and a Web3 investor.

Interestingly, all these young people share a common background—wealthy families. Meepo from Meizhou started mining Bitcoin on an old computer in middle school, later his parents bought him professional mining rigs; Xiao Yu from Loudi spent his 10,000 yuan scholarship on speculative coins, losing it all in half an hour, but he laughed and said, "My family still has two sets of demolished houses"; Zhang Qiang from Ganzhou mainly trades concept coins, once losing 7,200 yuan on leverage, then confidently saying, "My dad’s factory makes enough profit in a month for me to play ten times."

But behind these seemingly invincible stories, risks are lurking. In 2022, post-2000 college student Yang Qichao issued BFF coins, and all liquidity was withdrawn within just 24 seconds, causing investors to lose 50,000 USDT. In February this year, he was sentenced to four and a half years in prison by a court in Henan, becoming the first case in China where someone was jailed for withdrawing liquidity.

Today, these post-2000s hold thousands of Bitcoins, with a net worth of at least 230 million yuan at current prices, sparking a new wave among the younger generation in the crypto circle. But beneath this trend, whether it’s an opportunity or a trap depends on how they play the game.