The Winklevoss twins are officially the founding members of what we’d like to call the bitcoin billionaires boys club.
When Tyler and Cameron Winklevoss settled their lawsuit against Facebook founder Mark Zuckerberg, the twins probably thought they had missed a once-in-a-lifetime opportunity to become billionaires.
Nearly ten years later, the twins have reached a net worth of $1 billion thanks to a timely $11 million investment in bitcoin during April 2013, just as the world’s largest digital currency was entering mainstream consciousness.
That original $11 million was only part of a $65 million settlement they received from Facebook in 2008. Their lawsuit against the company provided much of the narrative grist for the Hollywood movie “The Social Network”.
Since the Winklevii opened their positions, the price of a single coin has risen from about $130 four-and-a-half years ago to an all-time high north of $11,000 last month.
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