As the famed political criminal Julian Assange ran from the U.S. Government, he was forced to spend all his money on investing in the cryptocurrency market. This ultimately led to resulting returns of over 50,000%. This is not uncommon among early bitcoin investors, but still remains staggering.
Assange recently was quoted on Twitter stating that “My deepest thanks to the U.S. government, Senator McCain, and Senator Lieberman for pushing Visa, MasterCad, Paypal, AmEx, Moneybookers, et al, into erecting an illegal banking blockade against @WikiLeaks starting in 2010. It caused us to invest in Bitcoin—with > 50,000% returns.”
There were several large institutions that did not want anything to do with Assange as he wreaked havoc on the U.S. government including PayPal and Bank of America. Those two refused to process financial transactions for his company, Wikileaks, in 2010. After being essentially locked out of the banking institution, Wikileaks stated that they lost up to 95% of their revenue. This reportedly cost the organization “tens of millions of pounds in lost donations.”
If Wikileaks did in fact make 50,000% returns on their bitcoins, that would be the equivalent of around $500 million. Although it is not fully released as to when the company invested their money in the cryptocurrency. It may not be confirmed when, but even if the group decided to invest before 2016, they would still have staggeringly high profits.
The price of bitcoin has shot up in the past few months surging to a high of $5,700. This is thanks to a growing amount of adoption by the public as well as the growing amount of scalability for the coin.
The hopes are high that the coin only continues to grow in price whether or not Assange is involved. Cryptocurrency remains an interesting market and an equally interesting alternative to fiat currency.