Most traditional traders and investors can only dream about making a profit of 100% on their capital in seven years, but for long term cryptocurrency holders such a figure would sound abysmal. The latest reminder of this comes from none other than Julian Assange, the controversial figure beyond the non-profit organisation WikiLeaks.
In a post on Twitter, Assange has boasted about making a whopping return of 50,000% on Bitcoin. This is due to a US government ‘illegal banking blockade’ which forced the NGO to receive donations in Bitcoin starting in 2010. He called out Visa, MasterCard, Payal, American Express and Moneybookers specifically for taking part in the funding ban on WikiLeaks as well as the specific politicians involved.
My deepest thanks to the US government, Senator McCain and Senator Lieberman for pushing Visa, MasterCard, Payal, AmEx, Mooneybookers, et al, into erecting an illegal banking blockade against @WikiLeaks starting in 2010. It caused us to invest in Bitcoin — with > 50000% return. pic.twitter.com/9i8D69yxLC
Trading Places: Finding The Best Jurisdiction for Your BrokerageGo to article >>
— Julian Assange 🔹 (@JulianAssange) October 14, 2017
Other than the extraordinary gains during this specific time period, this news demonstrate to people one of the actual most important use cases for Bitcoin. Despite the overwhelming power the US government has over financial institutions all over the world, it was not able to stop supporters from keeping WikiLeaks funded.
While people can disagree if this is a good thing or a bad thing, depending on their position on the organization and others that might use it to bypass the traditional banking system, they can’t deny the desire some will always have for such a solution.