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Supermarket Worker Retires At 35 After $10,000 Cryptocurrency Bet Turns Into $1.3 Million

Stewart Perrie

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Supermarket Worker Retires At 35 After $10,000 Cryptocurrency Bet Turns Into $1.3 Million

Featured Image Credit: Alamy

A former supermarket warehouse manager has revealed how he's retired at the humble age of 35 after hitting it big in cryptocurrency.

Rob jumped on a rogue digital coin after reading its lengthy white paper and managed to strike at just the right time.

He had been dabbling with crypto here and there to set up a better life for his family and noticed some potential in Shiba Inu.

The 28-page document explained how the coin was built on the idea of being an 'experiment in decentralized spontaneous community building'.

The meta meme coin was only launched in August last year and it was created to almost mirror the original meme asset Dogecoin.

Credit: Alamy
Credit: Alamy

The Shiba Inu is the breed of dog that the doge meme belongs to and, despite its jokey origins, it quickly grabbed the attention of people all over the world.

Rob was one of them and he eventually bought USD$8,000 (AU$10,100) of Shiba Inu coins.

Over the months, the coin quietly crept up in value until earlier this year when crypto was all the rage.

Shiba Inu spiked in value off the back of all the attention on Dogecoin and anyone who invested in the former saw their investment skyrocket.

Rob kept checking his account every hour and couldn't believe his eyes.

His original investment of $8,000 has seriously paid off as it's now worth a little more than $1 million (AUD$1.3 million)

He told Fortune: "I come from quite a poor background. I could never have even fantasised about having this much money. But it wasn't gone. It wasn't a dream."

It was a similar story for a mystery investor who bought a similar amount of Shiba Inu coins just when the asset was launched.

Morning Brew noted how this individual bought $8,000 worth of Shiba Inu, which equated to a casual 70 trillion coins.

The person held on for dear life and it looks like that has netted them an unbelievable amount of money.

In more than 400 days, their arguably small investment has turned into more than $5.7 billion. Yes that's billions with a B.

The investor could be the title holder of the 'greatest individual trade of all time' however it's unclear whether they'll be able to properly cash out their winnings without tanking the coin's value.

While these are both amazing stories, it's worth noting how cryptocurrencies are extremely volatile and you should really analyse whether you're able to afford or lose your gamble.

Topics: News, Cryptocurrency

Stewart Perrie
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