Bitcoin millionaire who retired at 35 complains that being rich is boring

A man who invested his life savings into Bitcoin and quickly became a millionaire before leaving his job has claimed being rich is boring.

The investor says he feels like he's used a "cheat code" and doesn't deserve the fortune after a "lucky bet" on the cryptocurrency gave him stacks of cash.

Working as a content creator for almost a decade – a career that offered plush hotels, luxurious dinners and the ability to travel around the world – the man saw his salary rise from around £25,000 to ten times that amount.

He says he "never acquired a taste for expensive things" and instead saved a chunk of his salary each year.

In 2014, he discovered Bitcoin and says he "fell down a deep rabbit hole" and put almost everything he had saved into it – a dangerous and incredibly risky move.

Cryptocurrencies are extremely volatile and can go up or down fast, with investors risking as much money as they're willing to put into it.

Posting on Reddit, the investor said: "I know that many here think Bitcoin is a huge speculative gamble and after riding through a major up and down, you are preaching to the choir.

"Regardless, I love the idea of it and fell deep down the rabbit hole – reading and watching every bit of content I could find.

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"Over the span of a year and a half I put almost everything I saved into it – figuring my earnings would set me back ahead even if it tanks. (Again, crazy/foolish I know)."

By 2017, he was able to cash out more than £2 million after tax.

He added: "Around this time, I was trying to learn how to 'live off the interest,' get off that crazy rollercoaster, invest responsibly.

"I jammed everything into a simple three fund index-based portfolio of US Equity/Foreign Equity/Bonds."

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He kept working, but "way less" for almost two years. He added that everything "mentally changed" for him as the "excitement was stripped from doing work" as he could afford the luxuries without a job.

After hitting more than £26 million in 2019, he decided to "take a break completely from work" and took time to travel, start new hobbies and visit friends.

Despite his fortune, the man says he now has a "two-fold problem" as he cannot "recreate" the excitement of his life with just money, while also feeling like he "doesn't deserve" the cash.

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"I'm at the same mental place a lot of people get to when they hit their number," he said.

"I used to love my job and it was a source of lots of excitement in my life. Hard to recreate that with just money, but I also don't feel like doing the work it takes just to get the high-status stuff.

"Two, I don't feel like I deserve this at all because I got here earlier with a lucky bet on crypto."

The man feels he would have become rich through his job anyway, but later in life when he says he "would have felt he actually earned it".

"Basically, it feels like I used a cheat code on my life and now I'm not sure how to make it fun again," he added.

"And don't feel like I "deserve" to FIRE (financial independence, retire early)."

Despite the man's "luck" with Bitcoin, buying any cryptocurrency is risky. Crypto can be riskier than other investments due to their volatile and speculative nature – their price rises and falls often, sometimes very quickly and with seemingly no reason.

Many cryptocurrencies have a short track record, making them difficult to understand and predict.

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