The Painter Who Bought a $60,000 Call Option on Facebook In 2005, David Choe reportedly accepted Facebook stock instead of a $60K cash payment for painting its office. At Facebook’s 2012 IPO price, his shares were estimated to be worth more than $200 million. $60,000 → $200 million ≈3,300× He did not know Facebook would win. He accepted a survivable loss for extraordinary upside. That is the same portfolio logic behind owning $BTC: Do not bet money you cannot afford to lose. But when the downside is limited to your investment and the upside is potentially many multiples, zero exposure can be riskier than a small position. The lesson is not “always choose equity.” It is: Size asymmetric bets so failure cannot destroy you but success can materially change your life.