RATE Group | Illinois State Lottery Winner Puts Half His $500,000 Into Bitcoin
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Illinois State Lottery Winner Puts Half His $500,000 Into Bitcoin

07 Nov Illinois State Lottery Winner Puts Half His $500,000 Into Bitcoin

Posted at 04:26h in Bitcoin News by

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An Illinois resident who won $500,000 in a state lottery has revealed he put half of it into Bitcoin (BTC) back in May. Redditor “Joxnlol,” posted an image of himself clutching the Illinois state lottery cheque on Nov. 5, with the caption: “Did this. Then put half into BTC in May. Remind me in 8 months if I f****d up.”  

65% gain to date

Joxnlol’s winning ticket sealed him the $500,000 bounty on April 19: given he converted half of it in early May, his investment has so far seen close to a 65% gain, as Coin360 data shows:

Cryptocurrency markets May 5-Nov. 5 2019

Cryptocurrency markets May 5-Nov. 5 2019. Source: Coin360

In a subsequent post, Joxnlol indicated that he plans to HODl the investment for a minimum of one year, revealing:

“I don’t intend to touch any of it for at least another year. I set aside money for emergencies, I set aside money for myself, and I set aside money for tattoos. The only major purchases I’ve done is […] bought a new car for myself and put a downpayment on a house.”

Notably,…

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