Many people who had invested in Bitcoin at the early-stage are now millionaires. There are quite a few stories of Bitcoin million is doing the rounds on the Internet. All you had to do was to invest in Bitcoin at the early-stage and just hold it. Currently, your wealth would have risen by even 100 times. This is the reason why Bitcoin is gaining a lot of attention from the cryptocurrency investors.
There are quite a few millionaires who are voicing their opinions as well. One such figure is Charlie Shrem. He is a supporter of Bitcoin and the cryptocurrency space in general. He even transacted money on behalf of his clients without licenses. As a result, he was in the prison for 2 years.
He was in college when he came to know about Bitcoin. This was in the year 2011. However, as initial investment did not go down pretty well. He lost the Bitcoins when the storage service crashed.
However, this prompted him to launch BitInstant, a service which helped the consumers to convert their Fiat currency into Bitcoin. The service was a huge success. At that point in time, he had to 30% market share. He also managed to lure the institutional clients as well like Winklevoss Capital Management. He started the operations in September 2011. The operations continued until July 2013. He was a strong supporter of the cryptocurrency. He was also the vice-chairman of the Bitcoin foundation at that point in time. His personal wealth also increased significantly.
Involvement in silk road:
In the year 2014, he was arrested due to his indirect involvement in Silk Road. He had transferred over $1 million. He had done so to many silk road customers. That is why he was sentenced to 2 years in prison. In late 2014, he was sentenced to 4 years in prison. Also, he had to forfeit $1 million which he had transferred. That is why, as cryptocurrency exchange also closed down in 2013. Once he was released from the prison, he worked as a dishwasher. All the money which he had made was spent in legal fees.
Return to Bitcoin:
Since mid-2016, he became a strong advocate of Bitcoin after getting released from the prison. He also transferred some of his Bitcoin investments to real estate. Currently, he is working in the advisory team of Particl. He has an active online presence as well. He is a strong advocate of cryptocurrencies as well as Bitcoin. Also, he is involved in many cryptocurrency related activities and organizations.
Owing to his excellent experience in Bitcoin as well as cryptocurrencies, he holds a lot of insights pertaining to the cryptocurrency space. As a result, he is considered to be one of the experts in the field. Keyword: Charlie Shrem, Bitcoin, cryptocurrency, charlie shrem net worth, charlie shrem wedding, charlie shrem twitter, charlie shrem courtney warner, charlie shrem fiance, charlie shrem bitcoin net worth, charlie shrem ico, charlie shrem instagram