The stories of early adoption of Bitcoin don’t always end as well as those of the Taihuttu family or the Japanese restaurant owner we have seen in recent weeks. In this case, one of the early Bitcoin fans and miner sold what would have made him a billionaire.
5,050 BTC for… 5 dollars!
Martti Malmi, also known as Sirius, was a Bitcoin developer from the early years of this young decentralized network created by Satoshi Nakamoto.
On his Twitter account (@marttimalmi), this early Bitcoin fan explains that he could have held the current equivalent of nearly $1.3 billion of BTC today… if only he hadn’t sold!
It’s hard to believe this in the current context where a single Bitcoin is now worth more than $23,000, but Martti Malmi explains that he sold 5,050 BTCs for $5 in October 2009.
Bitcoin has nevertheless managed to change his life
Rest assured, even if it didn’t make him a billionaire, Bitcoin nevertheless allowed its developer to afford a few material goods, in addition to the moral reward of having contributed to building this incredible network.
When the BTC reached a “super” peak of between $15 and $30 per unit in 2011, Martti Malmi explains :
Although it is easy to say today, with the ease of hindsight, that it would have been better to wait, it is proof that Bitcoin had the strange power to change lives from that time on.
By way of conclusion, here is the philosophy that this genius developer draws from it:
What more can I say, except that HODL at all costs does not necessarily have to deprive us of using Bitcoin to improve our lives today, if only for the small pleasures of everyday life. The price of BTC may rise higher, but the bottom line is that it helps us to be happier and more serene in the future whenever possible!
Want to stay updated on a daily basis?