Bitcoin’s most infamous tweet is auctioned off as an NFT on OpenSea
Early Bitcoin investor Greg Schoen has announced that his legendary tweet, in which he expressed his regret about taking profits too early, is now available for auction on leading NFT marketplace OpenSea.
He says “a ton of people” suggested such an idea even though the fact that someone wanted to buy his 2011 tweet surprised Schoen.
As reported by U.Today, former Twitter CEO Jack Dorsey and Cardano creator Charles Hoskinson were among those who auctioned their famous tweets as NFTs last year.
Teaching the importance of HODLing
In May 2011, when Bitcoin hit $8, Schoen tweeted about selling 1,700 BTC he bought for $102 at $0.30, missing out on big gains.
His stash would have been worth a whopping $68 million as of today.
Over all these years, Schoen’s story has served as a cautionary tale for Bitcoiners who question the power of HODLing.
The early investor didn’t abandon the cryptocurrency community out of spite, remaining relatively active on Twitter.
In December 2017, the month Bitcoin first hit $20,000, Schoen tweeted that he was “a long way past that.” At the time, he said he still owned some crypto, but his balances were “much lower.” In September 2018, Schoen tweeted that he had sold his remaining Bitcoin for $15,000 to pay off student loans.
Schoen harbors no illusions, claiming that he would have been tempted to sell at every major price milestone if he hadn’t sold at $0.30:
Unless you literally knew it was going to soar like a rocket, you would be tempted every step of the way.
