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Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts

Never Disclose Crypto Holdings: Bitcoin Millionaire Has Run in With Shotgun

Tony "The Bull" Severino
Tony "The Bull" Severino
1 year ago
3 mins read
bitcoin crypto millionaire

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Once an individual gets started in investing or trading crypto assets like Bitcoin, they should very early on in their journey encounter some commonly cited advice: never invest more than you can comfortably afford to lose; not your keys, not your Bitcoin; and never disclose how much crypto you hold, as it could very well make you a target for criminals and other bad actors.

One Bitcoin-made millionaire learned the hard way, when he opened his door only to be greeted with a shotgun pointed in his face, resulting in a bizarre story and an important reminder for crypto investors to stick to the above words of wisdom.

Bitcoin Millionaire Jumps Off Balcony to Save Life and BTC

An Oslo, Norway based multi-millionaire, who made his fortune by working over ten years in the cryptocurrency industry, has had a run-in with a criminal who sought to steal his Bitcoin.

Related Reading | Bitcoin Bull Jack Dorsey’s Twitter Hack Is a Wakeup Call for Crypto Security 

The unnamed man, which reports say is worth over $100 million due to his cryptocurrency holdings, has been regularly in the public eye due to his wealth, and it made him a target of a home invasion.

https://twitter.com/redditbtc/status/1170809574607249409?s=21

The Norwegian man answered his doorbell when an assailant pointed a shotgun at him and made demands. Rather than comply, the Bitcoin millionaire made a daring escape and jumped off of the balcony of a two-story apartment in order to get away with his life and Bitcoin intact.

The case is being handled by the Oslo Attorney General’s Office, and the robber is denying the allegations.

Reminder: Never Disclose Crypto Holdings Ever

When you’re a widely publicized Bitcoin millionaire, it’s extremely difficult to hide the fact that you hold crypto assets. But in the case of normal, everyday crypto investors, this example shows a harsh reality that anyone who has made money or holds money in cryptocurrencies like Bitcoin, could have to face if they are not careful about who they disclose information to.

Among the many common words of advice new crypto investors are told, is the suggestion to never disclose how much crypto you hold – or even that you do hold any crypto at all – to anyone at any given time.

Related Reading | Why All Bitcoin and Crypto Investors Should Consider U2F Security Keys 

Even if your crypto holdings are something you view as meager by comparison to Bitcoin millionaires like the man at the center of this story, it’s impossible to know what a criminal would deem as “too little” of a reward for their efforts, and any amount of crypto could be at risk if investors aren’t careful to protect the information at all costs.

If they don’t, they could make themselves a target to ransomware, malware, hacks, or even real-world attacks such as what happened here. Despite Bitcoin and crypto living on the blockchain, criminals are often willing to do physical harm in order to obtain digital assets. Don’t make the same mistake as this man did and risk criminals breaking into your home.

Never disclose your crypto holdings.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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