The cryptocurrency market has seen many incredible stories since its inception. Below we take a look at the ten craziest cryptocurrency legends.
1. 12-year-old Bitcoin boy
Erik Finman is a teenager who invests in Bitcoin. When he was 12 years old, he bought 403 Bitcoins with the $1,000 his grandmother gave him for college. Erik originally wanted to invest in another project, but ultimately chose Bitcoin. In the following years, the price of Bitcoin increased more than a million times, and Erik's $1,000 became more than $2.8 million. At the age of 19, Erik became the youngest confirmed Bitcoin millionaire. Erik's story inspired countless young people to invest in Bitcoin and other cryptocurrencies, and also demonstrated the huge value of Bitcoin as a digital asset.
2. The Cryptocurrency Saga of the Winklevoss Brothers
Tyler and Cameron Winklevoss sued Facebook founder Mark Zuckerberg and eventually reached a settlement, receiving a total of $65 million in cash and Facebook stock. They then used $11 million in cash to buy Bitcoin. By 2021, the value of their 91,000 Bitcoin holdings reached $6.4 billion. The Winklevoss brothers also founded cryptocurrency exchange Gemini. They are well-known investors and pioneers in the cryptocurrency world.
3. El Salvador: The First Bitcoin Legal Currency Country
In 2021, El Salvador passed a bill and became the first country in the world to designate Bitcoin as legal tender. In addition, the El Salvador government has also established relevant infrastructure and purchased large amounts of Bitcoin as national reserves. This move supports Bitcoin as a cryptocurrency for daily transactions and store of value, and may also inspire more countries to follow suit. Although there are questions about whether El Salvador’s decision is too risky, it is still a milestone in the history of cryptocurrency development.
4. SHIB’s legendary investment
An anonymous investor purchased more than 1,000 trillion SHIB tokens between August 2020 and February 2021 using the dollar cost averaging method. By October 2021, when SHIB hit a record high, the 70.1 trillion SHIB he held was worth more than $57 billion, creating the most successful case of cryptocurrency investment. This demonstrates the power of MEME cryptocurrencies as a high-risk, high-reward investment option. It also shows that investing in altcoins like SHIB requires a lot of luck.
5. Ethereum cats become popular pets in the cryptocurrency world
Ethereum Kitty is the first batch of crypto collectibles born on Ethereum in 2017. It allows users to buy, raise, and sell virtual cats. In the ensuing cryptocurrency craze, users paid more than $11 million in ether for EthereumKitties. This symbolizes the birth of encrypted collectibles and NFTs, and also shows people’s enthusiasm for virtual pets. Ethereum Kitties pioneered the application of collectibles such as CryptoKitties on the blockchain.
6. Austin and Beccy Craig’s Bitcoin Life Experiment
In 2013, newlyweds Austin and Beccy Craig conducted a social experiment called “Bitcoin Life.” They traveled around the world for 90 days, paying for everything using only Bitcoin. Their story adds a lot of exposure to Bitcoin and demonstrates its power as a global digital currency. Although the process was fraught with difficulties, they ultimately completed this incredible challenge.
7. Officer Tony Vaughn’s bold attempt
In 2013, Kentucky police officer Tony Vaughn asked for his $54,000-a-year salary to be paid in Bitcoin. At that time, Bitcoin was not well known to the public, and Tony's decision was considered a bold attempt. But as the price of Bitcoin rose in the following years, Tony's investment was returned thousands of times. Tony became one of the first explorers to try to Bitcoinize his salary.
8. The disappearance of $150 million in Bitcoin wallets
James Howells, an early Bitcoin investor, accidentally lost a hardware wallet containing 7,500 Bitcoins, with a total value of more than $150 million. James threw his wallet into a garbage dump and couldn't find it back, so the Bitcoins there were lost forever. These lost Bitcoins made him miserable. Howells’ story serves as a reminder of the importance of properly storing cryptocurrencies.
9. Laszlo bought pizza with 10,000 Bitcoins
On May 22, 2010, Laszlo Hanyecz used 10,000 Bitcoins to buy two Domino's pizzas, completing the first Bitcoin commercial transaction, also known as "Bitcoin Pizza Day". At that time, 1 Bitcoin was worth about $0.30, so he spent about $30 in total. But then the price of Bitcoin increased by more than a million times, and Laszlo’s 10,000 Bitcoins are now worth more than $238 million, making it the most expensive pizza in human history.
10. The $1M Digital Potato
During the 2021 NFT craze, an anonymous buyer purchased a digital potato image named "Kevin" for more than $1 million. The high transaction price of this seemingly ordinary potato NFT shocked many people. It marks the subjectivity and speculative craze of art value judgments in NFTs. This has also become one of the craziest transactions in the crypto art world.
The market is currently also speculating that Bitcoin ETF spot will be approved. At the same time, a new ETF token product has also attracted market attention, and people are jumping in first to enjoy the immediate appreciation opportunities.
Only by constantly improving yourself and learning can you reach the height you want. The cryptocurrency circle is a place to earn money through cognition. If your cognition is not enough, you can only become a leek and be slaughtered by others. At the beginning, you make some small money by your own operation and rely on luck. You become self-inflated and feel that you are the chosen one of trading. What you don’t know is that this is the beginning of the abyss. When you slowly lose money, you will think that this is only temporary and I will definitely make it back. This is the mentality of most people. It is precisely because of the lack of cognition that they fall deeper and deeper. Following the right person may change your life. Leave a comment and deduct 1 to take you into the high circle of the cryptocurrency circle and get a share of this bull market.
