How a crypto billionaire got a $100k in bitcoin from a local store.
Robinson told ABC News that he has used Coinbase to make purchases for his friends and family since he was a teenager, but it wasn’t until last summer that he saw the potential of cryptocurrency as a store of value.
Robinsons bitcoin was valued at $13.8 million in February, according to CoinDesk, and he told ABC that his family was excited to see the cryptocurrency take off.
Robinons mother, who had the same exact name as a bitcoin user, has also used the platform to make several transactions and was able to purchase bitcoins for her son.
Robyn Robinson said he bought a $500,000 Bitcoin at the Robinson’s store in the summer of 2017.
Robinson said his mother was excited about the opportunity to use bitcoin for personal purchases.
He told ABC he was excited because the store, which he owns with his brother, is open to the public.
“I just love the idea of getting into bitcoin because it’s such a new thing,” Robinson said.
Roblin said his store has seen a steady increase in the number of customers, and that he expects that number to continue rising in the coming months.
The Robinsoneys store has been selling out of its inventory every day for several months, Robinson said, and they plan to increase their stock in the future.
When asked what he thought about the currency, Robinson smiled and said, “It’s just crazy.
You have to be careful when you buy stuff like that.”
Robinson said he was particularly excited to learn about the cryptocurrency when he heard about the recent Bitcoin crash.
After hearing about the financial meltdown, Robinson felt the need to get involved in cryptocurrencies because it gives him a chance to help his friends, he said.
He said that the store received donations from bitcoin users who wanted to donate to the cause, and Robinsson plans to donate his share of the proceeds from his sales to charity.
While Robinsoni’s family is excited to use cryptocurrencies, Robinson also hopes to see them used for good, too.
We’re all so focused on getting things done, he told the ABC.
Bitcoin has been around for a few years, but Robinsoned is only the latest in a string of digital currency millionaires who have popped up across the country in recent months.
Bitcoin’s price plummeted this year after the government shut down bitcoin exchanges and forced many businesses to shut down.