“Mr Bitcoin” is a man that invested $3,000 USD in Bitcoin in October 2010. He paid just over $0.15 USD per Bitcoin, giving him slightly under 20,000. He did not expect much of a return, it was a very long shot.
By 2013 he couldn’t believe how quickly his investment was appreciating; “It started rising by 10% or more every day”. When the price hit $350 USD, he sold 2,000 of his early stock; when the price hit $800 USD, he sold 2,000 more. The following week he quit his job and left on a round-the-world trip.
You can read more about this story on Forbes.com. Mr. Bitcoin (not his real name) has apparently accrued $25 million USD in profits so far and has been traveling the world ever since. According to Forbes, he still has a balance of 1,000.00 BTC, worth over $4 million USD as of 19th August 2017 (which has almost doubled in value since Forbes released their article on the 7th July).
Is Mr Bitcoin selling? “When the price reaches $150,000 USD… I really do think it will get there… But a lot of governments and companies will have to be on board, first. No amount of speculation in the world will push it that high.”
Should Everyone Buy Bitcoin?
If the Bitcoin man is right, and a $16,000 USD investment today will eventually grow to $150,000 USD, then you do the math. Some commentators such as Louis Basenese on The Daily Reckoning go as far as urging their readers to seize this historic opportunity.
If you decide to invest in Bitcoin (the price has dropped massively since Christmas) and if you have faith in these predictions; the Director of Payal, this millionaire and this expert all predicting that Bitcoin will be worth $150,000 USD in a year or two, then there is still a chance to make a quick buck!
If you do decide to buy Bitcoin, make sure you set it up using a coinbase referral link like mine. Once you buy or sell $100 USD (£76 GBP) of digital currency or more, you will get $10 USD (£7 GBP) of free Bitcoin (as will your referrer, which on the link above would be me). To the moon…
Please Note: The views provided in this article are my own. Our blog posts do not offer investment advice and nothing in them should be construed as investment advice. You should always carry out your own independent research before making any investment decisions.
And if you do make a fortune; these are my 3 favorite hotels to spend it at:
The best hotel on the French Riviera is the Grand-Hotel du Cap-Ferrat, a Four Seasons Hotel. Set in Belle Epoque splendor, in a building that dates back to the 1800s, this ultra-luxury hotel offers everything you would expect of the… Read More.
Ever since I knew it was a favorite of the late Michael Winner and the location for George Clooney’s recent marriage, I’ve wanted to experience the Belmond Hotel Cipriani in Venice. Nestled on the tip of Giudecca Island, the Belmond… Read More.
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