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In August, the US Internal Revenue Service (IRS) reported they had about $1.2 billion worth of crypto in their possession, which was all seized. Also, in November 2020, the Department of Justice announced they seized about $1 billion worth of Bitcoin and Bitcoin Cash. MicroStrategy Launches “At the Market” Securities Offering for Flexibility to Sell Up to $1 billion of its Class A Common Stock Over Time $MSTRhttps://t.co/qouK8pFmBF Bitcoin’s rising price means large holders have seen billions of dollars worth of profits in 2021 One of the more cautionary tales of Bitcoin losses comes from Australian journalist Derek Rose. In 2017, Rose cashed in his $70,000 retirement account and poured it all into cryptocurrencies. At first, things went great. Cryptocurrencies were racing upwards and Rose borrowed money to enhance his investments. He was paying $1,000 a day in interest but he was making half a million dollars a day in profit. At one point, his holdings had reached $7 million. When a friend suggested he cash in, he replied that he wanted to own a sports team and a yacht. He continued using leverage... and quickly lost everything.