The $35 Billion Question: What If #Fred Wilson Had Invested in Bitcoin$BTC in 2009?
Fred Wilson, the co-founder of Union Square Ventures, first invested in Bitcoin in 2013, when he invested $2.5 million in Coinbase ¹. At that time, he referred to Bitcoin as a fantasy, but he believed the company represented something fundamental and powerful ¹. He compared it to science fiction, but he believed in the potential of the cryptocurrency
If Fred Wilson had invested in Bitcoin in 2009, his net worth would likely be significantly higher than it is today.
In 2009, the price of Bitcoin was around $0.0008 per coin. If Wilson had invested $1 million in Bitcoin at that time, he would have purchased approximately 1.25 million Bitcoins.
As of June 2024, the price of Bitcoin is around $28,000 per coin. If Wilson had held onto his investment, his 1.25 million Bitcoins would be worth approximately $35 billion.
This is a staggering amount, and it would make Wilson one of the richest people in the world. To put this in perspective, his net worth would be higher than that of many well-known billionaires, including Elon Musk and Mark Zuckerberg.
It's worth noting, however, that this is purely hypothetical, and there's no guarantee that Wilson would have held onto his investment for the entire period. Additionally, there would have been significant risks and volatility in the market, and there's always a chance that he could have lost some or all of his investment.
