ago. At the time, he purchased bitcoin when it was valued at $20. So let me see if I get this correct. Assuming he put in $1000, that's valued now at $850,000? Holy cow!! Can he cash out now? Besides capital gains taxes, can he sell it and have that in cash in his bank tomorrow? It that how this cryptocurrency works. Obviously those who really believe in the idea of cryptocurrency will keep it in for the long haul, but I'd cash out and buy property which historically holds it's value.