Reply to post: Has anyone seen reports of REAL bitcoin millionaires?

US authorities issue strongly worded warnings about crypto-investments

Anonymous Coward
Anonymous Coward

Has anyone seen reports of REAL bitcoin millionaires?

As in, they actually cashed out ahead over a million dollars? I'm sure there are a few, but someone who bought a few hundred bitcoins a couple years ago for $5000 and who now have holdings worth $2.5 million or whatever aren't millionaires because the price of bitcoin could drop back down to where it started the year by Dec. 31.

Having a million dollars worth of bitcoin is one thing, but given how illiquid the exchanges are, someone who tried to sell a few thousand of them at once would probably cut the price in half.

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