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Inspirational Story of Olaf Carlson-Wee – First Employee at Coinbase #372

Closed Chrisha1212 closed 2 years ago

Chrisha1212 commented 3 years ago

Olaf Carlson-Wee while the previous examples show how an early investment and good market timing created Bitcoin millionaires, not all Bitcoin stories involve investment. Olaf Carlson-Wee’s Bitcoin story demonstrates how working for a small startup can be financially beneficial. Initially, Carlson-Wee invested in Bitcoin when the price was just $16 per BTC. While this seems like a fantastic investment in 2018, the price soon dropped to $2 per BTC. Nevertheless, Carlson-Wee didn’t give up on the cryptocurrency market. Carlson-Wee believed in the future of cryptocurrency and applied to become Coinbase’s first employee in March 2013. Instead of accepting a salary in dollars, Carlson-Wee accepted cryptocurrency payments. In July 2016, Carlson-Wee left Coinbase to found his own cryptocurrency hedge fund, Polychain Capital. According to one report, Polychain’s assets rose from an initial amount of around $4 million to $300 million in 2017.