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F2Pool co-founder Wang Chun’s decision to sell a Thai condo once bought for 2,900 BTC for just 7 BTC illustrates the opportunity cost of spending Bitcoin early.Bitcoin mining pioneer Wang Chun said he sold a condominium in Pattaya, Thailand, for 7 Bitcoin, a fraction of the 2,900 BTC he paid for the property in 2015, highlighting the steep opportunity cost of early crypto spending.
The F2Pool co-founder disclosed the transaction in a Tuesday X post.) traded at roughly $270, valuing the purchase at around $785,000 at the time, and around $470,000 at today’s prices, a decrease of roughly 40%. “In 2015, I purchased this Naklua condo in North Pattaya for 2900 BTC. It was the first home I had ever owned… Yesterday, I sold this condo for 7 BTC,” he Bitcoin has since surged to a peak above $126,000 in October 2025 and traded at around $67,000 at the time of writing,to CoinGecko, making the original 2,900 BTC worth $365 million at its peak , and around $194 million today at current levels despite recent volatility. The sale also reveals Bitcoin’s outperformance relative to traditional assets over the past decade. Gold has risen from aboutan ounce in 2015 to above $4,500 today , while the S&P 500 has delivered a cumulative return of aroundChun’s story sits alongside a small but symbolic set of crypto-era real estate decisions by industry builders and investors, some of which have documented the reverse: selling their properties to go all-in on BTC, from an early adopter on a Bitcointalk forumin a February interview that he sold his Shanghai apartment for about $900,000 and used the proceeds to buy Bitcoin in tranches at an average price of roughly $600 a coin.During his time there in Pattaya, Chun said he obtained a Saint Kitts and Nevis passport and a US visa, while building and launching F2Pool’s Zcash mining pool. “My time in Pattaya gave me my first real experience of living abroad and the courage to explore much farther parts of the world,” Chun said. Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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