In today’s article, we delve into a remarkable story. A man, who prefers to remain anonymous, once invested $3,000 in Bitcoin (BTC), which turned him into a millionaire. Now, he never cooks, always travels first class, and stays exclusively in 5-star hotels.
First Encounter with Bitcoin and the Investment
It all began in 2008 when the man, after completing his university education, landed a job as a software engineer at a major tech company in Silicon Valley. He heard about Bitcoin from his colleagues, which at that time saw a significant price increase from $0.008 to $0.08. This piqued his interest, but he wanted to understand the underlying technology before investing.
Several months later, he decided to take the plunge. Unsure of how much to invest, he settled on $3,000, acquiring just under 20,000 bitcoins at an average price of $0.15 each. He committed himself to a long-term investment, curious to see how high Bitcoin could rise.
Three Years Later
The man continued with his job and largely forgot about his investment until 2013, three years later, when Bitcoin’s massive price surges made headlines. Bitcoin reached $350, prompting him to cash out 2,000 bitcoins. The price continued to climb, and a few days later, he sold another 2,000 bitcoins, this time at $800 each.
The total sale of 4,000 bitcoins netted him $2.3 million: “It was insane. I quit my job as a software engineer and set off on a world tour the following week.”
Soon after, he decided to sell almost his entire investment, keeping only 1,000 bitcoins, which at that time were worth $2.6 million. When asked how much profit he had made in total from Bitcoin, he promptly answered without hesitation: ‘About $25 million.’
This means that with an initial investment of $3,000, he had amassed a total of $25,000,000. As of now, he reportedly still holds 1,000 bitcoins. He plans to sell these when the price of one Bitcoin reaches $150,000. Currently, these bitcoins are worth approximately $63 million.
No Regrets About Selling
Would he regret it if the price increases tenfold again? He shook his head and said:
“I now have everything I ever dreamed of. I fly around the world to visit my friends and do whatever I want with my time. I never have to worry about money for the rest of my life. I would be an absolute fool not to cash out now.”
With that, we conclude this extraordinary crypto story. Want to read more about Bitcoin? Check out the latest Bitcoin news. Every day we have numerous articles to keep you updated on the latest news regarding Bitcoin and crypto!