F2Pool Co-Founder’s 2,900 BTC Condo Sells for 7 BTC
F2Pool co-founder Wang Chun sold a condo purchased for 2,900 BTC in 2015 for only 7 BTC, illustrating the significant gains Bitcoin has experienced.Summary
F2Pool co-founder Wang Chun recently sold a condominium in Pattaya, Thailand, for 7 Bitcoin (BTC), a stark contrast to the 2,900 BTC he paid for it in 2015. At the time of purchase, the property was valued at around $785,000, but is now worth approximately $470,000. This sale highlights the substantial increase in Bitcoin’s value since 2015, when BTC traded around $270. Currently, Bitcoin is trading around $67,000, meaning the original 2,900 BTC investment would now be worth approximately $194 million. The transaction also demonstrates Bitcoin’s outperformance compared to traditional assets like gold and the S&P 500 over the past decade. Chun noted that his time in Pattaya allowed him to obtain a Saint Kitts and Nevis passport and a US visa, and to launch F2Pool’s Zcash mining pool.
(Source：Cointelegraph)