The recent
meteoric rise of Bitcoin and other cryptocurrencies has generated the
looks of some unlikely millionaires. A current interview
by Forbes magazine shows exactly how powerful Bitcoin has been within
the length of yesteryear decade for individuals who invested early.
The
interviewee, a former software engineer in Silicon Valley, asked to
stay nameless. However, he did explain he started purchasing Bitcoin in
2010 after doing some research. He decided that the purchase should
really be sizable enough to offer some real upside, should Bitcoin ever
upsurge in value, and so he bought ₦453K ($3,000) worth, or, during the time,
20,000 BTC.
Once the Bitcoin price really
started initially to jump, he made his first sale of 1,000 Bitcoin,
netting him ₦949 Mln ($2.6 mln). Since that time, he's quit his day job and now
travels the entire world, flying top class and staying only in five-star
resorts.
After explaining his
multiple sell-offs, and the ₦9.1 Bln ($25 mln) in profits he's realized so far, he
explained he sees Bitcoin values at ₦54.7 Mln ($150,000) in the long term. "I really do think it will get there,” he says confidently, "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.”
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