When Bitcoin Is Money, Not an Investment

Wang Chun, co-founder of one of the largest crypto mining pools, F2Pool, shared a striking story yesterday:

• 11 years ago, he bought an apartment in Pattaya (Thailand) for 2,900 BTC;
• yesterday, he sold it for 7 BTC.

He sold it at a massive loss - and chose to tell the whole world about it. Why?

I’m not sure I would have done the same. I’d probably have told the story without mentioning the prices. Or I would have quoted them in Thai baht or US dollars, just to avoid looking like such a bad deal.

And yet, I genuinely admire this.

Maybe Wang Chun was able to build such a successful business because he’s not afraid to admit his mistakes.

Or maybe his success comes from his ability to let go and move on.

Or maybe not every deal has to be about profit for him.

Bitcoin was created to be money. Which means that when you need to buy something, you can spend it without hesitation. And when you need to sell something, you can confidently accept bitcoin in return - regardless of the current exchange rate.

The best rate isn’t the one from 2015, or from early October 2025. The best rate is the best one you can get right now. And at rabbit.io, we find it for you every time you make an exchange.