Bitcoin investor moves $8 billion worth of crypto after 14 years, originally bought for less than $210,000 — 80,000 BTC transferred from Satoshi-era wallet

Comments

• Blackmist@feddit.uk ⁨5⁩ ⁨minutes⁩ ago

  Oh look, new money was old money all along.

  Guess even they are cashing out.

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• ddplf@szmer.info ⁨1⁩ ⁨day⁩ ago

  Honestly spending $210 000 on crypto in 2011 was a ridiculously risky move. No way the guy knew what he was doing, just tremendously lucky (and fucking stupid)

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  • phonics@lemmy.world ⁨1⁩ ⁨day⁩ ago

    This guy had fuck you money already. Probably a multimillionaire at a minimum back then.

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  • halcyoncmdr@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Probably lost the wallet and forgot about it, and found the USB drive while moving furniture.

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  • ryannathans@aussie.zone ⁨1⁩ ⁨day⁩ ago

    Was extremely easy to mine them then, I did on my shitty desktop

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    • fuckwit_mcbumcrumble@lemmy.dbzer0.com ⁨8⁩ ⁨hours⁩ ago

      Sure it was easy to mine, but it was also worthless.

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  • hanrahan@slrpnk.net ⁨1⁩ ⁨day⁩ ago

    Thats the story behind most extreme wealth, random luck.

    We just dont here much of most who didn’t have radom luck. e.g imagine a guy buying a lottery ticket, and he wins a $200million, we’d here the story, we don’t see interviews with people who bought a ticket and then lost.

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  • TankieTanuki@hexbear.net ⁨1⁩ ⁨day⁩ ago

    Or he was already rich.

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  • humanspiral@lemmy.ca ⁨1⁩ ⁨day⁩ ago

    OP doesn’t know purchase cost. Wallet deposit on that date doesn’t mean it was purchased 1 hour before.

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  • LustyArgonianMana@lemmy.world ⁨1⁩ ⁨day⁩ ago

    He was probably a foreign agent or government. BTC was invented and supported so spies could move money across borders without being caught by official government bodies/banks. Esp since a lot of spies do things like illegal drug trafficking, gun trafficking, human trafficking, etc. That’s why BTC was so popular on 4chan early on - 4chan recently was hacked and it was confirmed there were government emails registered on the site.

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    • RazgrizOne@piefed.zip ⁨1⁩ ⁨day⁩ ago

      Source…? I feel like this needs sources.

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• otter@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

  Inb4 it’s confirmed to’ve been funneled into neo-nazi orgs… 😅

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  • Yawweee877h444@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Or Russia or something. But same difference I guess.

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    • otter@lemmy.dbzer0.com ⁨1⁩ ⁨day⁩ ago

      That’s only two of them, yep.

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• givesomefucks@lemmy.world ⁨1⁩ ⁨day⁩ ago

  “worth”

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