Recently, The Financial Times (FT) published a special report that talked about how Bitcoin mania has “swept up not only retail investors but also very wealthy people.”
One of the people mentioned in the report (titled: “Bitcoin and the wealthy”) is former Morgan Stanley Vice President Sandra Ro, who is currently the CEO of the Switzerland-based Global Blockchain Business Council (GBBC), which is “the leading global industry association for the blockchain technology ecosystem.”
Ro found out about Bitcoin around 2010:
“Bitcoin was only really known in geeky tech circles and eventually currency traders in London found out about it around 2010...
“What really piqued my interest was whether the tech could disintermediate financial markets. I thought, what the heck?… Bitcoin was trading at a couple of hundred bucks at the time and I bought a bunch thinking, what if it works? And guess what? It did!“
Ro was smart enough to invest in Bitcoin in those early days, and so her experiment with Bitcoin has worked out quite nicely:
“Let’s just say, I have done very well. I have gone from being a banker to working at a non-profit… Getting in early because the tech seemed really cool also worked out as an investment, so that’s also pretty cool.“
Ro says that investing in Bitcoin in those early days was far from easy, and she ended up having to try many different crypto exchanges. She says that there were also many risks to contend with, such as “hacks, regulatory risks and exchanges going bust.”
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.