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10 years ago, the Winklevoss twins bought 100k BTC for $11M, back then it was seen as a gamble by mainstream media and today it is a massive success.

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by COINS NEWS 31 Views

10 years ago, the Winklevoss twins bought 100k BTC for $11M, back then it was seen as a gamble by mainstream media and today it is a massive success.

Today we are very well aware that almost everyday we get big celebrities or business people investing in Crypto as if it is something normal. But just a few bull markets back it was a real rarity to see that happen and such cases if they happened were massively criticised by the mainstream media as a basically a “gamble“ and you are “doomed to lose money“.

Against all odds though, the Winklevoss twins, Tyler and Cameron Winklevoss (Original Founders of Facebook and today Gemini Crypto exchange) bought $11M worth of BTC, which was 100k Bitcoin back then at a price of under $100 per BTC. Many would have seen this as throwing money out of the window back then.

Interview excerpt from CNBC

Even more interestingly, in an interview the Winklevoss brothers predicted that Bitcoin would reach a $400 billion market cap one day, which it did during the 2021 bull run and the Winklevoss brothers even became Crypto billionaires (one of the few to do so probably).

This is really a happy story where taking the risks so early on really payed off and just as they predicted the went through even as everyone probably criticised them.

submitted by /u/partymsl
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