In 2013, Jordan Lampe, a 30-year-old software engineer, made a bet with his friend about the price of Bitcoin. He took the so-called “extreme” view, predicting that the digital currency would reach $100,000 or more by the end of 2017. His friend, who was more conservative, believed the price would not exceed $10,000.
Ten months later, the price of Bitcoin began to skyrocket, rising from around $500 to over $11,000. Lampe’s bet won, and he cashed out, selling a significant portion of his holdings. The transaction, which he made with a small fraction of his total investment, ended up netting him a staggering $2 million profit.
Lampe’s friends and family were shocked when he got in and out of the trade. “We thought he was completely crazy,” his friend, a software engineer, recalled. “We couldn’t understand why he was putting so much money into this ‘joke’ currency.”
Lampe has become one of the few people who bet early on Bitcoin and made some of the most impressive returns in its history. He is not hard to miss, with his bright orange jacket and aTarzian-tous persona, has become a meme on social media.
After cashing out, Lampe realized he had underpriced his bet. He re-entered the market, buying more Bitcoin, this time, through a more strategic investment vehicle called a trust. His Bitcoin trust, which he named “Lamper” has the potential to generate returns of up to 300% annually, more than seven times the performance of the S&P 500 index.
Lampe’s percentage gains are astonishing. His Bitcoin Trust has already returned a profit multiple of 14.2 since its inception, beating some of the best hedge funds on Wall Street. Some of his investors are already millionaires. His trust’s performance has also attracted the attention of institutional investors, including pension funds and endowments.
Lampe’s success has not gone unnoticed. He is one of the most successful investors in the world, with a track record that is the envy of many. His YouTube tutorials and Twitter posts, in which he shares his market insights and analysis, have become hugely popular, and he is now the most followed man in the Bitcoin and cryptocurrency space. Many have called him the “Digital Goldfinger, the king of crypto.”