FUN FACT|| The South African Millionaire That Never Was

Mark Michael is a 25 year old electronic engineer from Pretoria, who mined 20 Bitcoins more than 10 years ago, when the cryptocurrency was only worth a few cents.

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Unfortunately, he lost the key and password to his Bitcoin wallet that was stored in a text document on his desktop. Given that he was still young and the currency was effectively worthless, he had no interest in protecting it.

If he still had access to this wallet and sold his Bitcoin on Friday, the 1st of April 2022, where Bitcoin is currently trading at $44 715 (R709,00), he would have around R12.91 million right now as we speak.

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About the author

Morris Masipa

Morris Masipa

Morris Masipa is the founder and content strategist behind Entrepreneur Hub SA, a dynamic business blog he launched in 2020. With a passion for supporting South African entrepreneurs, Morris aims to inspire and inform readers while celebrating the innovative spirit of the local business community.

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