I was looking at
https://blockchain.info/address/1Fd8RuZqJNG4v56rPD1v6rgYptwnHeJRWs Stefan Molyneux's bitcoin adress :
Final Balance 521.24590891 BTC
He accumulated quite a lot of bitcoins through donations, it will eventually buy a lot in a few years and it is incredible. Do you have other stories of people accumulating large amount of bitcoins without investing any fiat ?
521 BTC is currently worth about $320,000, and not $1 million.
"without investing any fiat" makes no sense to me because you can trade BTC for fiat at any time. Stefan Molyneux currently has $320,000 worth of fiat invested in BTC. Where the $320,000 came from makes no difference. He is investing $320,000 in BTC.
Well, I agree. As long as that BTC stays as BTC or gets exchanged to another crypto it still
until is withdrawn as fiat. Depending on the scale looked at, the initial investment could make a difference where it came from but this will be amplified once that's liquidated into fiat.