Cryptocurrency has long been a topic of debate—some view it as a high-risk gamble, while others see it as a revolutionary investment.
For those who got in early, the rewards can be staggering. While many Malaysians today may joke about joining the “old money” club with just a few hundred ringgit in their accounts, one local investor has proven that patience and foresight in the crypto world can pay off in unimaginable ways.
M’sian Bitcoin investor earns RM922K after just 8 years
The investor’s journey is nothing short of remarkable. Beginning in 2009, when Bitcoin was still a new and misunderstood concept, they spent eight years since 2016 mining and gradually purchasing Bitcoin while prices were still low.
Over time, their holdings reached a peak of 8 BTC, but most of it was sold off along the way.
Today, they hold 2.105 BTC, which at the current exchange rate is worth a staggering RM922,188.70.
The investor humorously asked in their post, “Does this make me eligible for the Old Money Club?” accompanied by a laughing emoji.
Here’s what you need to know about Bitcoin and ‘Old Money’
The story of a local investor turning their small Bitcoin savings into nearly RM1 million might have you wondering: what exactly is cryptocurrency? And what does “old money” really mean? These terms might seem complex, but they’re easier to understand than you think.
What is cryptocurrency & how does it work?
- Digital Money, No Banks Needed
Cryptocurrency, like Bitcoin, is a type of digital money that doesn’t rely on banks or governments. It operates on a decentralized system called blockchain, where every transaction is recorded and verified by a network of computers. - How Bitcoin Is Made
Bitcoin is created through a process called “mining.” Miners use powerful computers to solve puzzles that help process transactions, and in return, they earn Bitcoin. - Why Bitcoin Is Valuable
Bitcoin’s value comes from its limited supply (only 21 million coins will ever exist) and growing demand. Over the years, it’s gone from being worth a few cents to tens of thousands of ringgit for a single coin. - How It Benefits Early Investors
Early adopters who mined or bought Bitcoin when it was cheap have seen massive returns. It’s a high-risk, high-reward investment that requires patience—and sometimes a bit of luck.
What does “Old Money” mean?
- Inherited Wealth
“Old money” refers to wealth passed down through generations. These families are known for their understated luxury and timeless elegance. - A Contrast to New Money
Unlike “new money,” earned by self-made individuals or recent ventures, old money is about legacy and tradition rather than flashy displays of wealth. - The Trendy Aesthetic
The “old money aesthetic” is all about classic, elegant vibes—think neutral tones, vintage-inspired outfits, and a quiet air of sophistication.
While the Bitcoin investor joked about joining the “Old Money Club,” their success is a modern twist. They may not have inherited their wealth, but their patience and early investment in cryptocurrency have certainly earned them a seat at the table of financial success.
