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Schmidt is a confusing figure in the sense that at one point, he made quite a bit of money earning and trading BTC. He says that he purchased a few thousand worth back in the year 2011, but from there, the price of BTC crashed and caused much of his money to vanish into thin air. Nevertheless, he decided to continue investing and playing the crypto game, and from there, he managed to rake in quite a bit of digital dough by trading BTC up through its "bubble year" of 2017.