2023-04-24
Cameron and Tylor Winklevoss are American entrepreneurs and
investors. They had legal dispute with Mark Zuckerberg over the idea of social
media. The twins alleged Zuckerberg for stole their idea for a social
networking website when they hired Zuckerberg to work on their project called
HarvardConnection. They sued Zuckerberg and Facebook in 2004 and eventually
settled for $65 million in 2008. The Twins used $65 million to invest in many new opportunity. One of that opportunity is Bitcoin.
The Winklevoss twins also founded Gemini, a cryptocurrency
exchange in 2014. According to Forbes, both Cameron and Tyler Winklevoss
currently has a net worth of $1.5 billion. They have combined net worth of $3
billion.
In 2012 the Winklevoss twins bought 100,000 BTC for $11 million.
They bought $11 per BTC. Satoshi Nakamoto released Bitcoin in 2009. The
Winklevoss twins bought Bitcoin 3 years after it has been released. Somebody
talked to the Winklevoss twins about Bitcoin. Then, they were interested about
Bitcoin. The twins began reading about Bitcoin. They believe in the
revolutionary idea about Bitcoin that Bitcoin is the money of the internet and can
be sent and received like emails. They explained that Bitcoin is scarce.
Bitcoins have only 21 million BTC that would increase in value over time.
How much BTC price has been increased since the
Winklevoss twins bought Bitcoin in 2012?
Between 2012 and 2023, Bitcoin price increased 251,848%. From
$11 to $27,718 per BTC (as of April 24, 2023).
