This is the true story about a man who invested $3,000 in Bitcoin in October 2010 and now travels the world on his profits. He paid just over $0.15 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, he sold 2,000 of his early stock; when the price hit $800, 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 fascinating story on Forbes.com. This man (who remains without a name) has apparently accrued $25 million in profits so far and has been travelling the world ever since.
According to Forbes, he still has a balance of 1,000.00 BTC, worth over $4 million as of 19th August 2017 and which is now worth over $8 million as Bitcoin has doubled in the last 6 months.
Is Mr Bitcoin selling? “When the price reaches $150,000… I really do think it will get there…”
Should Everyone Buy Bitcoin?
If the Bitcoin man is right, and a $8,000 investment today will eventually grow to $150,000, then you do the math.
Seeing as Bitcoin seems to be on a roll, with a current price of around $8000 and predictions of Bitcoin being worth $100,000 – $2 million over the next 5-10 years, it might be just the time to jump on this bandwagon. It is worth noting that investing in cryptocurrencies remains a gamble but you can start small and if you simply invest coffee money ($10-$20), you have little to lose. One the most educated articles I have read trying to make sense of Bitcoin can be found on Moneyweek.
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) of digital currency or more, you will get $10 USD (£7) of free Bitcoin (as will your referrer, which on the link above would be me). I have also found Bitcoin to be a great way of boosting my airline miles. To the moon…
If you prefer to stick to Black Friday deals, here are some other Black Friday flight deals that run through to next week.
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