The Friend of Phuong Hang Who Lost $350 Million: How Horrifying Was the Real Scale?
For now, let’s set aside the recent controversy involving Ms. NPH and various queens and actresses...
During the live stream, I noticed a particularly noteworthy detail: Ms. Hang shared the story of a close friend’s “hard-earned” CRYPTO investment. This friend originally owned an asset portfolio worth up to billions of dollars, but very quickly lost $350 million just by participating in the digital currency market (Crypto/coin).
The main reason was that the value of these assets plummeted relentlessly and evaporated more than half their value in a short period of time.
To make it easier to visualize, how big is this $350 million? Everyone can check the figures below...
- About 9,100 billion VND (exchange rate ~26,000 VND/USD).
- Enough to buy thousands of high-end apartments worth 8–10 billion VND per unit.
- With Bitcoin around $64,000/BTC, $350 million could buy roughly 5,469 BTC.
- The amount is larger than the market caps of many companies listed on Vietnam’s stock exchange.
If we categorize it within the crypto world, this is the scale of a crypto whale—where each trade can affect the market.
And this is only the loss amount; meanwhile, more than $1 billion in capital there was all cash used to play Crypto, not to mention other assets...
I don’t think this friend of Ms. Hang is fictional, and I also fully believe this person is real given Ms. Hang’s level of wealth and credibility...
Vietnam really has so many hidden rich people, brothers and sisters!!!
$BTC $ETH $BNB
For now, let’s set aside the recent controversy involving Ms. NPH and various queens and actresses...
During the live stream, I noticed a particularly noteworthy detail: Ms. Hang shared the story of a close friend’s “hard-earned” CRYPTO investment. This friend originally owned an asset portfolio worth up to billions of dollars, but very quickly lost $350 million just by participating in the digital currency market (Crypto/coin).
The main reason was that the value of these assets plummeted relentlessly and evaporated more than half their value in a short period of time.
To make it easier to visualize, how big is this $350 million? Everyone can check the figures below...
- About 9,100 billion VND (exchange rate ~26,000 VND/USD).
- Enough to buy thousands of high-end apartments worth 8–10 billion VND per unit.
- With Bitcoin around $64,000/BTC, $350 million could buy roughly 5,469 BTC.
- The amount is larger than the market caps of many companies listed on Vietnam’s stock exchange.
If we categorize it within the crypto world, this is the scale of a crypto whale—where each trade can affect the market.
And this is only the loss amount; meanwhile, more than $1 billion in capital there was all cash used to play Crypto, not to mention other assets...
I don’t think this friend of Ms. Hang is fictional, and I also fully believe this person is real given Ms. Hang’s level of wealth and credibility...
Vietnam really has so many hidden rich people, brothers and sisters!!!
$BTC $ETH $BNB