I met a Bitcoin true believer this weekend. I like to golf, it's one of the few things I spend money excessively on. Actually it's the only thing. There is a private golf club association called The Fliers Club which essentially allows like minded golfers who are members at private country clubs to coordinate trips with each other to visit and play at courses all over the world. What's the point of this story?
This club has allowed me to meet all kinds of interesting, and obscenely wealthy and sometimes very fucking weird people. This weekend I met a guy who was a forklift Salesman, anti-government conspiracy theorist. He was weirdly kind of a normal guy as long as you didn't trigger his economic sensibilities.
Anyway this guy did not trust fiat money and was an early adopter of Bitcoin. And over the years he dumped roughly 100k into BTC (starting from when it was still under a dollar a coin). Today... this absolute fucking maniac, holds roughly 300 million in BTC and has liquidated almost none of it. He said he's probably sold less than 100 of the coins he has just to "live on" and he won't touch it outside of that.
That is insane. Who the fuck would own BTC with a cost basis of under a dollar and hold it all the way until today?
