Software giant Atlassian’s co-founder Mike Cannon-Brookes has hinted he has been a long-term holder of Bitcoin.
In a series of tweets Monday , the billionaire joint head of the Australian enterprise noted how $10 ,000 worth of BTC bought in 2010 was now worth around $146 mln.
Contrasted with gold or USD holdings , he suggests , Bitcoin is a clear winner.
“...My BTC bet is paying out well. Theory? ‘It will be worth a lot , or zero.’ Much like horse racing. Not like investing ,” he wrote.
Cannon-Brookes’ “theory” is reminiscent of early Bitcoin days , when pioneering investors took on considerably higher risk when buying cryptocurrencies in bulk.
As local news source Sydney Morning Herald reports , it remains unknown what the entrepreneur’s holdings in Bitcoin are , how long he has held them and whether he is planning any uses for the funds other than storage as a personal investment.
In a further tweet , perhaps intended in an ironic light , Cannon-Brookes noted that an “ounce” of Bitcoin is worth more than an ounce of gold.
This news is not new , Cointelegraph having reported on the first time the Bitcoin gold barrier achieved parity earlier this year.
What an “ounce” of Bitcoin would consist of meanwhile is open to interpretation.
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