Julian Assange Says He’s Made a 50,000% Return on Bitcoin

in #bitcoin7 years ago

as bitcoin price is increasing towards $6000 , Since he "s been running from the U.S government ,he is the founder of wikileaks and says he was forced to be a early investro in bitcoin with the profit of 50000% as we can see his tweet on twitter ' “My deepest thanks to the U.S. government, Senator McCain, and Senator Lieberman for pushing Visa, MasterCad, Paypal, AmEx, Moneybookers, et al, into erecting an illegal banking blockade against @WikiLeaks starting in 2010. It caused us to invest in Bitcoin—with > 50,000% the time when wikileaks leaked the documents of cvilians in 2011, paypal and bank of america refused their transaction After being locked out from the traditional banking institution, Wikileaks said its revenue slid by 95% between late 2010 and mid-2011, costing the organization “tens of millions of pounds in lost donations.” Wikileaks claimed that it received the equivalent of over 800,000 euros (or $944,000 based on today’s exchange rate) in December 2010 alone. That slid to nearly $0 by January 2011.

Assuming Wikileaks invested in bitcoin and did indeed receive over 50,000% returns, Assange would have received about $50,000 for each dollar invested. So had he indeed put that entire 800,000 euros into the cryptocurrency, it would be the equivalent of about 3.9 billion euros, or $4.6 billion today.

It’s unclear when exactly Wikileaks began its bitcoin investments, though it would have likely been in early 2011, when the coin hit parity with the U.S. dollar before rapidly accelerating in price. That was just a year after the first bitcoin exchanges appeared.

In recent months, the cryptocurrency has picked up steam, with bitcoin prices surging to about $5,700 thanks to growing optimism in the coin’s scalability. Still, it is no easy investment, with bitcoin prices capable of swinging hundreds of dollars over the course of a few hours.

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