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Home » Woman buys house with crypto gifted by cheating ex

Woman buys house with crypto gifted by cheating ex

Lucas N by Lucas N
July 1, 2022
in People
A woman ended up using an unexpected five-figure payout in bitcoin from a gift received by her cheating ex-boyfriend to buy a house.
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A stunning story has surfaced about a woman receiving bitcoin from her unfaithful boyfriend and buying a house with it. The story appeared in a popular women’s magazine and detailed how the emotional heartbreak paid off financially.

The prologue

The couple had started dating in the summer of 2016, having met on the popular dating app Hinge. Her former boyfriend had a keen interest in crypto and plans to eventually get into crypto consulting, which made her learn about the subject as well. Within the first year of their relationship, the boyfriend bought her half a bitcoin, which she dismissed as a irrelevant, just like many others did back then. “I guess this will just sit there. This won’t actually make any money,” was her reasoning in 2016. 

A year into the relationship, her boyfriend moved across the country, and they started dating long distance. During a visit in late 2018, the woman noticed some unusual behavior by her partner, prompting her to go through his text messages. Upon finding texts from a woman set on Do Not Disturb, she clicked on them, only to a conversation between her partner and that other woman, clearly implying the two were having an affair. She ended the relationship on the spot, citing that it had taken her a year to really get over it. 

An unexpected gift turns into something big

Skipping to 2021, she saw reporting on CNN saying Bitcoin was valued at over $30,000. Initiailly thinking that her boyfriend must have made a killing on this, she remembered the gift from their relationship. A frantic search for her wallet ensued. Eventually, she remembered having stored it on Coinbase and managed to restore her account password after submitting personal information. That half a bitcoin was now worth $15,000. 

Given the fact the woman was looking into buying a house, she consulted her family for advice. While her brother advised her not to sell, her mother recommended thinking about it like “found money” and considering how she would feel if she lost it all again. Bitcoin increased some more, bringing her investment’s value up to $20,000. Eventually, this convinced the woman to sell $18,000 and use the money for buying a house, just like she had planned. Thus, an unpleasant story had a happy ending, with the emotional pain literally being worth it. 

“Lost” crypto not an unusual sight

Stories like this are a dime a dozen in the cryptocurrency space, with one of the most famous ones is a man who bought Bitcoin around $2 and forgot his private keys. Now, his investment would be worth over $200m dollars, a far cry from the fairly moderate gains in the previous examples. Of course, nothing can be done in this case since bitcoin holders are fully responsible for their private keys and cannot retrieve their assets once they lose them. It is estimated that between three and four million bitcoins are unretrievable due to lost private keys. 

 

Tags: CryptocurrenciesPeople
Lucas N

Lucas N

Lucas N is Coin Culture's managing editor for people and market, covering opinon, interview and market analysis. He owns Near, Aurora and Chainlink

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