April 19, 2024

A student bought bitcoin with money from school lunches. Now he has 37 million

A student bought bitcoin with money from school lunches. Now he has 37 million

A forum user under the nickname Mr.Long told the story of how he became a millionaire thanks to Bitcoin andyour patience.

In 2013, a young man was surfing the forum,dedicated to computer hardware. There he read several articles about Bitcoin and its prospects. The idea completely captured the then student. He invested all his savings, accumulated from saving on school lunches and birthday gifts, into BTC and chose his investment strategy – do not sell under any circumstances. 

He stuck to his strategy at its peak in 2014, during the 2017 rally, and was able to survive the record 2020 without selling the asset.

Now his patience has paid him tangible dividends. At the peak of the price of MTC, its balance amounted to 37 million rubles or 511 thousand dollars.

A student bought bitcoin with money from school lunches. Now he has 37 million

A student bought bitcoin with money from school lunches. Now he has 37 million

Seven years later, Mr. Long is not going to change his strategy. He lives very modestly, does not work, spends at least a month. All this in order to see the coveted $ 1 million on your balance sheet.

According to him, when he has a million dollars, he will start withdrawing funds and investing them in more stable assets: ETFs, stocks and commercial real estate.

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