A former supermarket warehouse manager has revealed how he retired at the modest age of 35 after hitting big on cryptocurrency.
Rob jumped on a dishonest digital coin after reading his lengthy whitepaper and managed to strike just at the right time.
He had dabbled in cryptography here and there to improve his family’s lives and had noticed some potential in Shiba Inu.
The 28-page document explained how the play was built on the idea of being a “decentralized spontaneous community building experience.‘.
The meta meme coin was only released in August of last year and it was created to almost mirror the original Dogecoin meme asset.
The Shiba Inu is the breed of dog the doge meme belongs to and, despite its wacky origins, it quickly gained the attention of people around the world.
Rob was one of them and he eventually bought US $ 8,000 (AU $ 10,100) in Shiba Inu coins.
Over the months, the coin gradually gained in value until early this year when crypto was all the rage.
Shiba Inu has risen in value thanks to all the attention paid to Dogecoin and everyone who invested in the former has seen their investment skyrocket.
Rob checked his account every hour and couldn’t believe his eyes.
His initial investment of $ 8,000 paid off seriously as he is now worth just over $ 1 million (AU $ 1.3 million)
He told Fortune: “I come from a pretty poor background. I never could have dreamed of having so much money. But it had not gone away. It was not a dream.”
It was a similar story for a mystery investor who purchased a similar amount of Shiba Inu coins just as the asset was launched.
Morning Brew noted how this individual bought $ 8,000 worth of Shiba Inu, which equates to 70 trillion occasional coins.
The person held on for life and it seems like it earned him an incredible amount of money.
In over 400 days, their arguably modest investment has grown into over $ 5.7 billion. Yes it’s billions with a B.
The investor could be the holder of the title of “the greatest individual trade of all time,” but it is not clear whether he will be able to cash out his winnings properly without reducing the value of the coin.
While these are two incredible stories, it’s worth noting how extremely volatile cryptocurrencies are and you should really analyze whether you can afford or lose your bet.