‘It’s almost dirty money’: the older generation of crypto investors benefiting from the ‘Trump pump’

Some say they used bitcoin or Dogecoin to help reach goals such as affording to have a child or buy a house

Miles, a 37-year-old NHS doctor from London, has been trying to persuade friends to buy cryptocurrencies for years. In recent weeks, the “Trump pump” to crypto prices has left them envious. “They have watched in frustration as my gamble paid off,” he says.

Miles’s crypto portfolio is now worth £2.3m, despite having cashed out about £600,000 earlier this year to buy a house. “It’s set me up for life,” says Miles, who invested £4,000 in bitcoin in 2012. “My pot fluctuates by hundreds of thousands each day, but I’ve been through years of volatile periods.”

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