Assets, Bitcoin

How Much Bitcoin Did Byron Kennedy Get?

Byron Kennedy, a former software engineer and early investor in Bitcoin, cashed out his entire holdings of the cryptocurrency in 2013. At the time, Bitcoin was worth around $900 per coin. So, how much did Kennedy make from his investment?

In total, Kennedy cashed out about $30 million worth of Bitcoin. This was an impressive return on investment, considering he had only invested a few thousand dollars into the cryptocurrency a few years prior.

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However, it’s important to keep in mind that Bitcoin was much more volatile in those early years and its value could have just as easily gone down as up.

Since Kennedy sold all of his Bitcoin, he has missed out on the massive gains the cryptocurrency has made since then. For example, if he had held onto his Bitcoin until today, his investment would be worth over $200 million!

While Kennedy’s decision to sell all of his Bitcoin may have seemed like a bad move at the time, it’s important to remember that no one can predict the future of any asset, let alone a volatile one like cryptocurrency. In the end, Kennedy made a very smart move by cashing out while he was still ahead.

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