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An Investor Became a Dollar Millionaire Thanks to a Single Altcoin
One investor increased the value of his portfolio from $315,000 to $2.97 million in just one month.
The investor bought 10.27 million MUBI for $75,500 three days after MultiBit (MUBI) was launched.
MultiBit is the first double-sided bridge designed to switch between BRC-20 and ERC-20 tokens.
MUBI has gained more than 3,700% since its launch, with investors making the bulk of their gains from the token. The current value of 10.27 million MUBI exceeds $2.12 million.
The investor made $2.05 million in unrealized profits thanks to MUBI alone.
On Nov. 30, the investor purchased 27,467 BSSB, spending 7.46 Ethereum (ETH), which was worth about $15,000 at the time. The token, which is worth $141,679 today, has earned $126,303.
The same investor has traded hundreds of different tokens so far and has made losses on most of these trades. However, his earnings from MUBI were enough to make him a millionaire.
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