What's wrong with that? Are you so attached to material stuff that you'd be devastated if you lost it all? Seems reasonable to me. Worst that happens, you go back to working like most people do.

It's a little riskier when you have a family. His kids already had great lives, they could end up with nothing if he's made a bad bet.

So they have nothing and have great lives. They just go get a job like normal people.

They live in the Netherlands. They're not going to be left starving and homeless just because they don't have money.

Or they could be set up for life. Everyone has different comforts with risk. They're the only ones who can decide whether they're comfortable making that bet.

Also, since this article was posted, Bitcoin probably doubled. If he invested a few 100k, that's a pretty decent (paper) gain so far.

Of course, that's the tradeoff. That's why with kids it is a little different, it's not just your comfort with risk, you are now risking their future and they don't really get a say in that.

Maybe. My cousins husband is quite wealthy, but they are frequently leveraged to the hilt (margin debt, mortgages, etc). All for investment and tax purposes though, not spending.

He's done really well (probably made €50m+ since 2008), but they were pretty much all in at several points. As long as you know why you're taking certain risks, it's probably fine. Even if they don't all work out.

there are people who can't learn from small painful lessons, but it appears this guy won't learn from big painful ones either.