1 BTC $30k is peanuts. Throwaway money. Likely less than 1% of his NW.
Yes, in that ball park. It will still hurt to completely lose it since my initial investment was more like 2% of NW, and this was liquid money as opposed to home equity or 401k, which is just abstract wealth on paper…
Crypto has always been a big lie.
Some of Mr. Kwon’s major investors have lost money. Changpeng Zhao, chief executive of the crypto exchange Binance, which invested in Terraform Labs, said his firm had bought $3 million of Luna, which grew to a peak value of $1.6 billion. But Binance never sold its tokens. Its Luna holdings are currently worth less than $3,000.