Summary
Zhu, a successful trader in the cryptocurrency industry, gained credibility by using his reputation to found a trading shop. Despite the lack of respect for the industry among his peers from prestigious educational backgrounds, Zhu rose to the top by showcasing his entrepreneurial skills and money-making abilities.
Key Points
1) Zhu’s reputation and educational background from prestigious institutions like Phillips Academy and Columbia University helped give legitimacy to the crypto industry.
2) Despite coming from a background of private boarding schools, Zhu successfully climbed to the top of an industry that is not highly respected among his peers.
3) The crypto industry values qualities like hustle, gumption, independent thinking, but ultimately prioritizes the ability to generate financial profits.