Luo Yonghao Refuses to Join the Cryptocurrency Space
Luo Yonghao responded to users suggesting he join the cryptocurrency space, stating that if he were shameless, he could have easily done an ICO in 2018 and retired on a small island. At that time, many scammers approached him, offering large amounts of tokens as long as he did not publicly deny their offers, but he never participated.
Market mechanisms show that cryptocurrency users and capital are increasingly distancing themselves from early ICO-style speculative projects, shifting towards long-term compliant projects with public credibility. This response reinforces industry credibility signals and drives funds towards transparent platforms, putting pressure on early projects associated with scams.
Source: Public Information
ABAB AI Insight
Luo Yonghao has repeatedly mentioned the chaos of ICOs in 2017-2018 in public forums. This response continues his stance of not endorsing or participating in any cryptocurrency speculative projects, similar to his emphasis on business ethics when transitioning from Smartisan Technology to live-streaming sales, with personal credibility as his core long-term asset.
In terms of capital strategy, Luo Yonghao chooses to fully bind his personal influence to live-streaming e-commerce and physical hardware, rather than short-term cryptocurrency opportunities, motivated by the desire to avoid any regulatory, public opinion, or user trust risks, thus maintaining the long-term value of the "Lao Luo" brand.
Similar cases include several public figures who faced backlash after endorsing ICOs around 2018, and the general caution of celebrities in expressing opinions after the industry shifts to compliance post-2025. The current cryptocurrency market is transitioning from reckless speculation to reputation-based pricing.
Essentially, this represents a transfer of pricing power: short-term ICO scams are being replaced by long-term personal brand protection. The underlying mechanism is that public figures face permanent credibility loss once they engage in speculation, and only by adhering to ethical standards can they convert their influence into sustainable business leverage, achieving a structural choice from opportunistic short-term profits to long-term trust assets.
ABAB News · Cognitive Law
Sometimes, what you don't do is worth more than what you do. Those who refused to endorse in 2018 still have the right to discuss ethics today. Truly smart people never consider speculative opportunities as retirement capital.