Cryptocurrency Investor and Banker Matthew Mellon dead at 54

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Cryptocurrency Investor and Banker Matthew Mellon dead at 54


Investor Matthew Mellon is dead at the age of 54.  He died in a rehab facility in Cancun Mexico as reported by Page6.  A family representative was reached by Page 6 who told the outlet the statement:
“Billionaire Matthew Mellon, 53, died suddenly in Cancun, Mexico, where he was attending a drug rehabilitation facility. Mellon made his fortune in cryptocurrency, turning a $2 million investment into $1 billion. He is survived by his three children, Force, Olympia and Minty. The family asks that their privacy be respected at this very painful time.”
Matthew Mellon is a banking heir known for taking early bets in the crypto world and was recently in a Forbes piece on the biggest names in the cryptocurrency world.  It said he turned a 2 million dollar investment into over a billion dollar value by being one of the only mainstream investors willing to gamble on cryptocurrencies.  He had become a major supporter of the Ripple XRP coin.  Telling Forbes that he earned the 1 billion in large part because he was the only person willing to raise his hand to invest in Ripple.
"It's $1 billion virtually for free. I actually have earned it because I was the only person who was willing to raise his hand," Mellon said at the time. "My family thought I was insane, when I knew it was a home run."
Mellon's reasoning for supporting Ripple were primarily that he saw it as more mainstream and less intimidating than the other cryptocurrencies.  Telling Forbes that:
"Crypto is scary and dark. It's anti-America, I am pro-America, pro-business and pro-bank. That's why I went with Ripple."
Mellon has struggled with an addiction to OxyCottin that he was prescribed after a surfing accident.  Page Six had reported that Mellon disclosed he was taking $100,000 worth of OxyCottin a month and nearly 80 pills a day during 2016.  In 2016, he told the Post that Oxycottin was like "Legal herione" and was a problem that need to be addressed.  In 2016 Mellon had checked himself into a rehabilitation facility in Malibu before continuing to battle the addiction.

At Darkstreet we saw Matthew as a torch bearer with the right qualifications for his voice to break through into the mainstream.  We also saw him as a valuable critic with ideas in the field that could make cryptocurrency better.  He will be missed by many.


Sources:
https://www.forbes.com/sites/nathanvardi/2018/02/07/matthew-mellon-xrp-ether-crypto-cryptocurrency/#1102ea89eb35

https://www.msn.com/en-us/money/companies/banking-heir-matthew-mellon-died-suddenly-in-drug-rehab/ar-AAvXZdM?li=BBnb7Kz

https://pagesix.com/2018/04/16/banking-heir-matthew-mellon-dies-in-rehab-facility/

https://www.bloomberg.com/news/articles/2018-04-17/billionaire-banking-heir-matthew-mellon-dies-at-54

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