$6 Billion Bitcoin Fortune - Twins Story

$6 Billion Bitcoin Fortune, And How Can You Do This?

If you watched the Social Network movie released way back in 2010, you would possibly remember the twins Cameron and Tyler Winklevoss, played by Armie  Hammer. They may be known for disputing and losing ownership of Facebook against Mark Zuckerberg. But the reality is, they now own a multi-million dollar empire, all due to Bitcoin and NFTs. But how exactly did the Winklevoss twins amass a $6 billion Bitcoin fortune? Well, that's exactly what I discuss here today, Bitcoin was just making headlines back within the day, and not many folks knew about cryptocurrency, Blockchain technology, or simply Bitcoin. Both  Cameron and Tyler Winklevoss invested about $10 million into something nobody would have invested back within the day, which was Bitcoin. Back then, Bitcoin costed about $8 per coin, which is much but what it costs today. According to Forbes, that  $10 million investment is now $6 billion. But the Winklevoss brothers didn't stop there. In 2012, the twins founded the Family Office Winklevoss Capital Management to undertake venture investments, and both Cameron and Tyler  invested in a minimum of 25 digital assets startups. One of the foremost recent investments was in Blockfi which happens to be a Bitcoin lending giant, and the company raised about $350  million dollars in investments which is now valued at quite $3  billion. So you can not deny the actual fact that these two brothers know lots more about cryptocurrencies than most of the people.

In May 2013, the Twins invested $1.5  million in BitInstant which happens to be a Brooklyn-based exchange that exchanges convert dollars for bitcoins in minutes for a fee. The operations of the platform represented about 30 percent of Bitcoin purchases way back in the day. But again things weren't that great because most of those purchases weren't legal and the site was forced to pack up later  that year and therefore, the CEO, Charlie Shrem was arrested and sent to prison for a year.  Both the twins did suffer rejection from the geographical region community. But later, the  identical twins became owners of two companies that gave them billions of dollars in  profit, which are Gemini and Nifty gateway. The Gemini trust was founded way back in 2014 to  allow customers to shop for, sell, and store digital assets. Two years later it became the very first  authorized exchange to shop for and sell Ethereum which happens to be this second most  popular digital currency just behind Bitcoin. Today Gemini offers exchange and storage for more  than 33 cryptocurrencies, and just in 2020, there was a trading volume of $29 billion. Gemini also provides its customers Bitcoin rewards, credit cards, and savings accounts that pay about seven percentage interest on their crypto deposits.We know that NFTs are one amongst the foremost talked-about assets within the cryptocurrency world, and in November 2019, Gemini trust bought Nifty  Gateway, which happens to be a digital art auction platform within the variety of NFTs or non-fungible tokens. Today Nifty Gateway is the world's most exclusive digital art platform thanks to its careful selection of artists. The future plans of the Winklevoss twins are to integrate Gemini exchange and Nifty Gateway into one product where NFTs may be used as collateral for cryptocurrency loans. This could then allow users to leverage digital assets for financing without actually selling them, which is great news. Now let's answer the larger question. are you able to become a Bitcoin billionaire or a cryptocurrency billionaire in general? Well, if you probably did invested in Bitcoin, for instance ten years ago then probably yes. But there are so  many other cryptocurrency projects that are making it big within the market, so you don't have to have a fear of missing out. So maybe it's possible, but none of it may be predicted. If it absolutely was possible every single one in all us would have invested in  bitcoin in 2012, just like the Winklevoss twins. 

 

And a final note, this article isn't  meant to be a financial advice. Any investments you create with cryptocurrencies must be made at your own risk because you recognize that they're extremely volatile. So if you play your cards right, you may be ready to make plenty of money with crypto, and that we would like to see you become a billionaire with cryptocurrencies. And that's a wrap for today's article. What does one think about this $6 billion Bitcoin fortune? Will you be ready to replicate something similar? Do let us know within the comments section below because we  would like to hear from y'all.