F2Pool co‑founder Wang Chun sold a property in Thailand for 7 BTC, having purchased the same apartment for 2,900 BTC in 2015.

Transaction details

Wang Chun disclosed the sale and original purchase, indicating the price was denominated in bitcoin for both transactions and recorded publicly by the founder.

Change in value

Measured in bitcoin terms, the asset’s price declined by more than 400 times, reflecting the dramatic shift in units of account between the two operations.

When converted to dollars, the decline was substantially smaller, approximately 2.7 times, due to the relative appreciation of bitcoin versus the dollar over the same period.

Context and interpretation

Transactions priced in cryptocurrency can produce large nominal changes in token units while showing more moderate shifts in fiat terms, depending on market movements.

This case illustrates how asset values reported in bitcoin may diverge significantly from their dollar equivalents because of the cryptocurrency’s price volatility.