Ryan Selkis, the CEO of crypto market intelligence provider Messari, celebrated a decade in the cryptocurrency industry on Tuesday.
What Happened: Selkis marked the occasion by sharing a screenshot of an email on social media, revealing his purchase of 10 Bitcoin BTC/USD on October 9, 2013, from Coinbase.
The screenshot revealed that Selkis purchased Bitcoin for $135 per unit during his early foray into the cryptocurrency market. This means Selkis invested $1350 in BTC at that time, his investment grew exponentially over the past ten years.
With the current trading price of Bitcoin at $27,655.48 per unit, the value of his initial investment would have soared to $276,500, reflecting a surge of 20,396%.
It’s important to note that the mentioned investment growth of $276,500 is based on the assumption that Ryan Selkis did not buy or trade any of his holdings during the eight years.
Selkis expressed his excitement and reflection on his crypto journey, stating, “It’s official. 10 Years in Crypto. What a ride.”
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Why It Matters: Amid recent regulatory actions targeting major cryptocurrency exchanges such as Binance and Coinbase Global Inc. by the Securities and Exchange Commission (SEC), Selkis took a proactive step to counter the skepticism surrounding the industry.
In June, he announced the establishment of a new advocacy group called @DFA2024, intending to combat “fear, uncertainty, and doubt” (FUD) prevalent in the crypto sector.
Interestingly, in September, Selkis expressed admiration for Republican Presidential Candidate Vivek Ramaswamy in a post on the social media platform X.
Price Action: At the time of writing, BTC was trading at 27,679, down 0.01% in the last 24 hours, according to Benzinga Pro.
Image by yuRomanovich on Shutterstock
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