October 20, 2020

Lottery winner invested half of his winnings in BTC

Lottery winner invested half of his winnings in BTC

Illinois resident who won $ 500,000 in state lottery says he has invested half his winnings in BTC in May, and since then has made significant profits.

The winning ticket, owned by Reddit under the nickname Joxnol, earned him a reward of $ 500,000 this May. Since then, according to Coin360, the price of BTC has risen by 65%.

In one of his notes, Joxnol said that he plans to hold assets for at least another year. He said:

I put aside funds for everything I needed, and also bought a car. However, I do not plan to touch the money that I invested in bitcoin for at least another year.

It is worth noting that after paying taxes, his winnings were reduced to $ 357,000, which means that he invested approximately $ 178,500 in bitcoin.

As previously reported, according to recent studies, about 36 million Americans own any cryptocurrency.

According to the materials cointelegraph.com