What happens when governments cut you off from traditional banking?
You make roughly a 50,000% return on your money!
Well at least that is what happened to Julian Assange.
Check out his latest tweet:
Yes, you read that right.
He made roughly 50,000% on his money by investing in Bitcoin back in 2011.
What is he talking about?
Well back in 2010, Wikileaks (the company/website that Julian Assange founded) leaked documents that revealed friendly fire casualties as well as civilian casualties at the hand of U.S. forces during the war in Afghanistan.
As you can imagine that was not received well. Especially since that data was not intended to get out.
After Assange was vilified by governments, many banking institutions refused to process transactions for Wikileaks. Some of those institutions included Paypal, Visa, and Bank of America.
Due to this, Wikileaks revenue shrank by about 95% over the course of the next year.
In fact Wikileaks went on to state that due to being blackballed...
"Wikileaks the organization has lost out on tens of millions of pounds in lost donations."
In December of the year prior (2010), Wikileaks claimed to have received over 800,000 euros or roughly $944,000 in donations, an amount which slid to almost zero the following month as they were completely cut off from traditional banking.
It was at this time that Assange claimed that he had no other choice but to start putting his money in Bitcoin.
Which is where the first part of Assange's tweet comes into play:
"My deepest thanks to the US government, Senator McCain and Senator Lieberman for pushing Visa, MasterCard, Payal, AmEx, Mooneybookers, et al, into erecting an illegal banking blockade against Wikileaks starting in 2010. It caused us to invest in Bitcoin--with > 50,000% return."
Ironically, by governments trying to cut off his money supply, they enriched him beyond what he ever could have hoped to make over the same period simply from donations.
It wasn't made clear exactly how much money Wikileaks and Assange invested in Bitcoin at that time, but just using the only number we were given (800,00 euros) back in 2010, that would equate to roughly 400 million euros at today's prices.
It seems highly unlikely they invested that kind of money and saw a 50,000% return on all of, but it just goes to show that with 50,000% returns it doesn't take a lot of money invested to make you rich.
For each $1 dollar invested, you would have $500 dollars.
Not bad ehh?
Stay informed my friends.
Sources:
http://fortune.com/2017/10/16/bitcoin-price-julian-assange-wikileaks/
Image Sources:
https://twitter.com/JulianAssange/status/919247873648283653
https://en.wikipedia.org/wiki/Julian_Assange
Follow me: @jrcornel
wow that's a lot of money
Too bad he can't spend it because he can't get out of the embassy of Ecuador for many years!
http://www.telegraph.co.uk/news/2017/05/19/sweden-drops-julian-assange-rape-investigation/
50.000 percent, that's a nice surprise!
very nice
dang! This is a story about how your turn lemons into lemonade... in his case bitcoin! AMAZING!
Lemons to gold you mean haha
hahahha yessss!
That turned out well...
yes
True indeed
Isnt a 50,000% return 500 times on your monty.
A 100% return on $1 gives you $2..not $100.
So in your example, his 800K at 50,000% return is 400M Euros.
Is my math off?
Yes, you are right! Good catch, let me make some edits :)
Interessing post Bitcoin is the solution against this Bank Mafia
Barely got that upvote in ... will be surprised if i can even comment ... wth is wrong w steemit ... took an hour tuh make a post ... goin on 2 days now of acting weird ...
His sincereness in thanking the government is so high.
this is great for him , cool
lol.. nice irony!