I would rather say that he should have sold at least part of his wealth in late 2013-early 2014, when the price had hit the $1,000 mark and stepped over. But then everyone is wise after the event, and it is too late to cry over spilt milk, so to speak...
Though we might never come close to that frontier again
Only time will tell whether or not we'll ever going to see 4 digit prices again, but if the price manages to climb up in a stable manner where the growth can be maintained, then it's definitely possible.
But then again, one more major exchange that gets hacked, and years of building up the price will vanish in a matter of days.I don't think so. In the Bitfinex case, there are a few points worthy of note. First, the price had already been declining before the hack happened, thus the market sentiment was bearish overall. But this was no more than an expected correction after all the hype we had seen prior to recent halving. Second, the price collapse down to $480 per coin because of the Bitfinex hack looked more like a knee-jerk reaction than a long-term impact and was rather short-lived, despite the mind-boggling amount of coins stolen. Now that the price went above $600, we could claim with calm surety that the Bitfinex incident was in fact an excellent opportunity to buy bitcoins cheap. Given that, and this is the final point to be made, the inevitable hacks that are yet to happen will be viewed from this angle by the majority of players...
Except those whose money gets stolen in the process, of course
