Topic: The Winklevoss twins worth $3bn Each for buying Bitcoin @ $8 with confidence - page 3. (Read 495 times)

Does any of you have accurate data about the amount of currencies that they have purchased? The numbers seem illogical, as investing $ 3 billion in Bitcoin in 2012 will enable you to buy a large portion of the market capacity, which does not seem to have increased to several hundreds of billions, not $ 3 billion.
The story does not represent a success story, but rather faith and it differs according to different people and the money that they invested. Some may invest $ 1,000 in bitcoin, representing everything they own, and others consider that amount trivial to be tried in something new.

Famous people already know the potential of bitcoin, so it's a shame if there are still people out there who doubt bitcoin for the future. With the example of the OP, making us even more confident that the presence of bitcoin has changed the narrow space in economic growth to be wide open.

That’s massive of coins to get for $10m, I can’t imagine they both have so much coins at $8 each, insane!

Exactly, that is the big difference, don't be deceived by the fact that they had bought bitcoin back then, they are not exactly the right model that we have to follow because as @The Pharmacist, they have the money from the start so they can afford to do risk.

That aside , if there was a person who did not sell them during the first high time back in 18-19 that person also would have made a lot. Even considering few months back ! The drastic change in price is something that not only the early adopters but even the late adopters can be benefited from.
On analyzing the price chart you would realize how it is not a thing to be sad about. Yes we did miss the opportunity of buying when bitcoins was introduced but even right now one can try doing Interday trading. For example:
On 25th march the price was 51325 $, then today we have 60450$ , now if a person was indeed vigilant of the price and also had money to invest they would have been earned 9125$ in just 18 days !! It is indeed a perfect opportunity for everyone even if it was the past or the present.
One can track the price and buy again if it does lower than today's price with a considerable range. It will take a lot of time and active participation in the market but at the end of the day its all worth it.

Assuming they still hodl their BTC @ $8, that's a 7,500 times increase in price. If you bought BTC today, it would need to go to 450 million to match the performance seen by Winklevoss twins.

I think it's safe to predict that in the future, Bitcoin bull runs will be smaller in their magnitude, so it's no longer possible to become rich by investing small sum in Bitcoin for a decade.

Yeah, well they were smart and rich from the get-go and were always looking for the next big thing.  They had enough money to sink into bitcoin without worrying about whether they were overinvesting or if they'd need that money to pay the bills next month--which is a lot different from the average person out there in the world, especially back in the early days when the economy was in the shitter and unemployment was soaring.  I don't begrudge them their success at all, and I'm glad they're so into bitcoin, but they aren't exactly a rags-to-riches story.

But man, if I'd only known about bitcoin when it was created (and understood the nature of it; that took a while for me).  I might not be nearly as wealthy as a single Winklevoss twin, but I'd be rich enough to satisfy myself.  Ah well, it wasn't to be.  But I'd still love to try out Gemini, except I think they require a wire transfer of funds and that's a pain in the ass.  Not sure why they don't make it easier to fund a Gemini account.

This is a very perfect example of how buying and hodling bitcoin can make one rich. I came across a thread on this forum recently where the OPs argument was that bitcoin was not made to make one rich. While he may be right, I strongly believe that those who got rich by it didn't do anything wrong.
It is noteworthy to know that these guys bought when it was as low as $8 and hodl till it is over $60k. One cannot but wonder why didn't they sell earlier. Of course, they'd have made quite a lot of profits too.

Indeed Bitcoin has made so many whopping rich and has added a whole lot to the Forbes of our time. The digital currency, Bitcoin that was trading a little below $100 as at 2013 is currently above $60,000 and we are actually expecting a $100,000 spike before the end of 2021.

Many took hold of this opportunity and made their first purchase of Bitcoin, while some gave up on the digital currency and sold out their assets some went as far as purchasing in large quantities and held on to their coin thereby believing on the project.

During this period two identical twins who are listed currently on the Forbes Billionaire List amongst the newcomers who reached a billion-dollar status due to their Bitcoin investing, took hold of a golden opportunity and made a purchase of $10bn worth of Bitcoin at $8 per Bitcoin way back 2012.

Cameron and Tyler Winklevoss are currently worth $3bn each. For purchasing a crypto asset worth $8, making them one of the biggest and earliest investors in cryptocurrency. I would say their gamble paid off and today, they are worth a collective $6bn.

The Winklevoss twins are not slowing down, they are instead, making further investments in cryptocurrency. Recently, they invested in a Bitcoin lending start-up named Block-Fi which is now valued at $3bn.

The Winklevoss twins are no strangers in Silicon Valley. They were Mark Zuckerberg’s classmates at Harvard and they once accused the tech billionaire of stealing their idea for Facebook.

A bitter legal battle between the two ended in the twins receiving significant cash and Facebook stock compensation from Zuckerberg. Some of their cash compensation was invested in cryptocurrency and it has indeed, paid off.

In their early days, cryptocurrencies witnessed an unstable growth path, rising and falling occasionally. This discouraged many people from investing heavily in it. The Winklevoss twins took the risk on Bitcoin and are now billionaires on Forbes list. Currently, they run their company, Gemini, a regulated cryptocurrency exchange, wallet and custodian that makes it simple and secure to buy Bitcoin, Ethereum and other cryptocurrencies




https://nairametrics.com/2021/04/09/meet-the-billionaire-twins-who-bought-10m-worth-of-bitcoin-when-it-still-sold-for%E2%80%AF8/