Cryptocurrency News | The Future Prospects of Cryptocurrency Attention-worthy by Horieemon [Oohira]
Mr. Ohira's Profile
FX history since 2009, cryptocurrency history since 2015. Utilizing cryptocurrency investment experience, currently distributing cryptocurrency information on major newsletter sites and investment sites. Participates in many individual investor networks and shares knowledge gained from numerous investors. Operating a cryptocurrency investment information site for beginners since 2016.
Blog:The Potential of Cryptocurrency for the Future – Investment Methods that Earn for Beginners
*This article is a reprint/edit of an article from FX Strategy.com December 2018 issue. Please note that the market information described in the main text may differ from current market conditions.
Himawari Horiiemon, also known as Toru Horie, has long been disseminating information about the cryptocurrency Bitcoin. From what I confirmed, in 2014 he uploaded a YouTube video titled “Horiiemon’s Q&A vol.246 – Don’t Miss Bitcoin!!”
Chart ① is Bitcoin’s chart. The period is from May 2014 to September 2018. When Horiiemon was distributing videos in May 2014, Bitcoin price was 45,000 yen, but by the end of 2017 it rose to 2,000,000 yen and by September 2018 it fluctuated around 750,000 yen.
In the comments section of this video, many comments such as “I should have watched the videos earlier,” or “If only I had watched three years earlier…” appeared. Horiiemon has commented on those broadcasts from that time, saying, “When I was disseminating information about Bitcoin before, people around me thought I was introducing something shady again.” However, looking at the current situation, one could say Horiiemon has foresight.
Horiiemon’s Acquaintance Made a Fortune in Cryptocurrency
There is an interesting story about Horiiemon. This is still distributed today as a YouTube video in the “Investment Edition Vol. 1 – Izakaya Horiiemon Channel.” When Masayasu Morita, president of Hitomedia Co., Ltd., invested in cryptocurrency as Horiiemon advised, he made a huge profit in just a few months.
Morita bought Ethereum, the second most valuable cryptocurrency by market value. At the time Horiiemon had noted that Ethereum was different from Bitcoin, adopting its own mechanism called smart contracts. He bought 200,000 yen worth of that currency, which later rose to 7,000,000 yen, a 35x increase. It is unclear exactly when it reached 35x, but suppose Ethereum was 7,000,000 yen in March 2016, the video’s release date. In March 2016, Ethereum’s price was about $10, i.e., 1,100 yen. Ethereum later reached a peak of about 150,000 yen in January 2018, a rise of 136x.
The Ethereum Morita held, 7,000,000 yen worth, reached 952 million yen in January 2018, a staggering amount. If he had not sold along the way. By the way, if you realize 55% tax on profits when you take all 952 million yen as profit, the actual take-home would be about 420 million yen. It is said that a typical office worker’s lifetime earnings are around 200 million yen, so it is like two lifetimes’ worth of earnings for two people.
