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Bobby Lee is an author, entrepreneur, and bitcoin proponent.Bobby Lee is the founder of BTCC, China’s first and longest-running cryptocurrency exchange.A pioneer in crypto and bitcoin, and after selling BTCC in 2018, Bobby Lee went on to found Ballet, a company that makes easy-to-use physical cryptocurrency wallets headquartered in Las Vegas, Nevada, USA.
Bobby Lee is the author of The Promise of Bitcoin .In the book, Lee offers a primer on the best strategies for investing in this digital currency, the value of which will only continue to grow.He discusses the pros and cons, and covers the complicated yet more profitable method of acquiring bitcoin, mining.He offers predictions for the future, including price, trajectory, use, and participation in the larger economy ―as well as developments in regulation, technology , business , and society.Bobby Lee Interview Focus
1.
An introduction from you – background, overview, education… 2.From Stanford University studies you were also a software developer in Yahoo.As someone that was in the beginning of the internet how do you the inception of the internet? 3.What would be your career highlights? 4.How did you discover Bitcoin? 5.
You created one of the first biggest crypto currencies exchanges in the world BTCC.Can you tell us about it? 6.BTCC was in 2013 the biggest crypto exchange in the world.
How was that? 7.
You and your brother Charlie Lee the creator of Litcoin have influenced the inception of Bitcoin and digital currencies.How was your experience together? 8.You have a new book The Promise of Bitcoin: The Future of Money and How It Can Work for You (McGraw-Hill, May 18, 2021).You make an argument for how Bitcoin will transform the global economy, as well as debunks common myths and dispels fears that surround Bitcoin — arguing that this system is superior to traditional monetary systems.9.
Can you tell us about the chapter 2 of your book? 10.Your chapter 5 speaks about “Money a Natural Right”.Can you elaborate? 11.
How do you see Bitcoin as a better way of doing business? 12.You are the CEO and founder Ballet Wallet new startup company / companies, organisations and focus? 13.When we talk about the future of money we talk about society and the challenges around centralised and decentralized systems.How do you see DeFi and the opportunities with digital currencies and blockchain driven systems? 14.
What are your visions for the present and future? Bobby Lee Interview Highlights
About his new book
“The book [The Promise of Bitcoin] is about Bitcoin, as a future of money, and also the investment of a lifetime.The audience of the book are newcomers, people who don’t own any crypto yet”.
It debunks myths and dispels fears that surround Bitcoin, “ arguing that this rational, logical system is superior to traditional monetary systems.It also cites signs of Bitcoin’s widening acceptance: a growing community of users worldwide and multiple initiatives for investing in and holding bitcoin among major financial services organizations and institutional investors who control trillions in assets”.
About his early years and Bitcoin beginnings
I was born in Africa, Ivory Coast, to Chinese parents.Then went to an American school and eventually moved to the US for high school.
For college, I ended up doing Computer Science at Standford.It was an exciting time, I logged into the Internet for the first time in 1992; then worked for Yahoo, a back then-giant and pioneering corporation.Yahoo was at the peak of the Internet boom then.At one point, I decided to have a break and moved to China.
My first interaction with crypto was spring 2011.My brother Charlie introduced me to Bitcoin.I built my own PC and started mining Bitcoin in the summer of 2011.I promised to myself if I was ever to launch a start-up, it would be in Bitcoin.
About his start-up
In China, I started working for BTCChina – that was the birth of it.It was the first company to get venture fundraising for crypto in China.People at the time were dismissive.
BTCChina went to become the biggest exchange in the world at one point (trading volumes-wise).
My start-up, like I mentioned before, had to have something to do with crypto.Therefore, I decided to leave BTCChina and set up Ballet – a wallet start-up, which launched in 2019.Our company produces hardware wallets that support multiple cryptocurrencies and tokens, and are designed to be accessible to industry newcomers.
We want to give our customers the safety of cold storage.
This is a big change.Our wallet is available on Amazon around the world.With this wallet, you do not even need a mobile phone to own crypto.
About Bitcoin investments
No matter when you look at Bitcoin, you can say: it’s too expensive, it crashes a lot.
This is why many people missed the chance to buy it.
From the very beginning, I understood the technical capabilities of Bitcoin (being decentralised), and also that it couldn’t be shut down.So for that reason, I became a big Bitcoin fan.I believe that Bitcoin is still undervalued.And it is successful because of the failures of our monetary system.More Interviews.
