"Everyone Mocked Me"... The Man Who Invested in Cryptocurrency 8 Years Ago, What About Now?

Chilean Businessman Reveals Luxurious Lifestyle in Interview with UK Media
Joined Millionaire Ranks After Cryptocurrency Investment 8 Years Ago
"Once You Invest, You're a Millionaire," He Claims
Cryptocurrency Fell 40% Over 10 Days Since the 15th
"Ponzi Scheme" vs "Preferred Over Government Bonds": Experts Divided

Da Vinci Jeremy, who made a huge profit by investing in cryptocurrency in 2013, is wearing a T-shirt with the phrase "I told you so." / Photo by Instagram Capture

[Asia Economy Reporter Lim Juhyung] A Chilean businessman who made huge profits by jumping into the cryptocurrency investment boom early on is drawing envy by revealing his life after retirement. It is reported that he is enjoying a luxurious life visiting various tourist destinations with his private jet, yacht, and other possessions.

Da Vinci Jeremy, a businessman from Chile, explained his luxurious lifestyle after investing in cryptocurrency in an interview with the UK media 'LADbible' on the 23rd (local time).

Once an ordinary developer, he is said to be enjoying a wealthy life riding his private jet, yacht, and luxury sports cars after making a fortune through cryptocurrency investment.

Jeremy started investing in cryptocurrency in 2013 and is estimated to have joined the millionaire ranks around 2016. He said that people around him discouraged him when he first invested in cryptocurrency, emphasizing, "At that time, people laughed at me for wanting to invest in cryptocurrency, but in the end, I became a millionaire."

He also urged, "Invest even just one dollar in Bitcoin with the money you would spend on a lottery ticket. Once you invest, you will be a millionaire."

Da Vinci's private jet. / Photo by Instagram capture

Jeremy also advised not to be shaken by the unstable cryptocurrency market, which repeatedly experiences crashes and surges. He said, "You cannot build great wealth like Elon Musk if you are so unsettled," and added, "Do not be swayed by the fluctuations."

Meanwhile, according to the cryptocurrency information site 'CoinMarketCap,' the global market value of cryptocurrencies has decreased by nearly 40% over ten days since the 15th.

Previously, Tesla CEO Elon Musk made negative remarks about cryptocurrencies, such as concerns over the sharp increase in fossil fuel use during Bitcoin mining and transactions, and China announced strict regulatory policies related to cryptocurrencies, causing the value of cryptocurrencies to drop significantly amid these adverse factors.

In this situation, experts' forecasts about the future of cryptocurrencies are also divided.

On the morning of the 22nd of last month, when Bitcoin prices were declining, the Bitcoin price was displayed on a monitor at the Bithumb Gangnam Customer Center in Gangnam-gu, Seoul. / Photo by Yonhap News

Paul Krugman, a Nobel laureate in economics and professor at the City University of New York, criticized in a column for the US media 'The New York Times' on the 21st, saying, "Bitcoin was created to serve as a currency, but it still does not fulfill that role," and added, "The investment in Bitcoin, which has no utility, is simply because the price is rising, and this is a pyramid scheme."

On the other hand, Ray Dalio, founder of the world's largest hedge fund 'Bridgewater Associates,' recently gave a positive outlook, saying, "I prefer Bitcoin over US Treasury bonds." Dalio had previously criticized Bitcoin last year, saying, "Bitcoin is too volatile to be a suitable store of value," but has recently changed his stance.

Dalio stated at the 'Consensus 2021' event hosted by CoinDesk on the 24th, "I want to invest in Bitcoin rather than bonds as a hedge against inflation."

This content was produced with the assistance of AI translation services.