Hodl it: how faith in Bitcoin brought cool x Tim Draper
Source:
Who believe in cryptocurrency? While comes to mind only «Holy Trinity» Mike Novogratz, the brothers Winklevoss and Tim Draper. These people have invested in digital assets, a huge amount of money, time and effort, therefore, can be considered important individuals in the industry.
This applies In particular to Tim Draper, whose path to wealth is through Bitcoin proved to be a very thorny and exciting. In a recent interview with Coindesk, the billionaire told his stunning story of the most desperate holla.
theBuy, not to sell
It Turns out that Draper knew about the virtual currency fifteen years ago. Then he was interested in concepts, which viewed the basics of Bitcoin. Truly, the investor became interested in bitcoin in 2011, when Executive Director Peter Coinlab Vincennes told Draper about the benefits of digital assets on the blockchain.
The Businessman has not spent a lot of time for reflection — soon, he bought a lot of bitcoins in the amount of 250 thousand dollars. Unfortunately, the location of the transaction was the exchange Mt. Gox, after the fall of which Draper lost a few thousand coins.
It did not break the faith of the investor and he successfully took advantage of the next opportunity. During the auction of assets of Mt. Gox from the U.S. marshals Draper managed to get 656 29 BTC for the amount of 18.74 million dollars, that is 632 USD per one bitcoin.
Source: McKincey
From that day the billionaire never once lost his optimism about the cryptocurrency market. He did not appear in Fiat, even during the peak of the bubble in late 2017. And although many of then reproached Draper for such a decision, it is still in the black from the best deal in my life. Moreover, the expert warns that in the future Bitcoin will become an integral part of life of almost everyone.
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