In 2011, Jered Kenna, a former Marine turned entrepreneur, saw potential in Bitcoin before most people did. At just $0.20 per coin, he invested a modest amount and ended up with tens of thousands of BTC. Unlike others who sold early, Kenna held onto his stash as Bitcoin’s value skyrocketed, turning his small investment into millions.
But disaster struck in 2016. Hackers broke into his email accounts and managed to access his Bitcoin wallet. In an instant, Kenna lost millions of dollars’ worth of Bitcoin. Though he couldn’t recover his stolen fortune, Kenna didn’t give up on the crypto world. He went on to create Tradehill, one of the first Bitcoin exchanges, and several other blockchain ventures.
If Kenna still had his Bitcoin today, even 10,000 of them would be worth $1 billion. His story is a tough lesson on the importance of securing your crypto assets. It’s also a reminder that even in the face of loss, resilience can lead to success.
