RATE Group | Early bitcoin investors count winnings on its 10-year anniversary
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Early bitcoin investors count winnings on its 10-year anniversary

31 Oct Early bitcoin investors count winnings on its 10-year anniversary

Posted at 11:36h in Bitcoin News by

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Seven years ago, Marshall Hayner gave his grandfather one bitcoin, worth about $30. On the paper wallet he fashioned to commemorate the gift, the U.S. entrepreneur and software developer wrote: “Do not open until $100,000.”

It made Hayner’s grandparents laugh, and indeed bitcoin has not come anywhere near that level. But it is worth more than 200 times what it was in 2011 when Hayner made the gift.

Investors who took a chance on the fledgling currency and stuck with it have been on a rollercoaster ride — but are optimistic that they are still onto a winner.

“I have seen these run-ups and drops in bitcoin and I did not even flinch,” said 34-year old Hayner, who started mining bitcoins in 2009 when the granddaddy of all cryptocurrencies was worth…

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