Success leaves clues. Tyler and Cameron Winklevoss together made over a billion dollars with crypto investing. In April 2013, the Winklevoss twins together held $11 million in bitcoin priced at $120 a coin. That holding grew to be worth more than $1 billion in December 2017 as the price of one coin surpassed $11,700. In the same month, NYTimes reported that the Twins’ Bitcoin holdings were worth over $1.3 billion.
Who Are The Winklevoss Twins Really? (Google Search)
But that’s not all. Each twin also held an additional $350 mil in other top cryptocurrencies like Ethereum, Litecoin, Ripple, etc.
In 2012 when the Winklevoss twins were first approached and asked to invest in Bitcoin, it was trading for about $8-9 a share. Just this Monday, Bitcoin has reached over $11,000 in price, the highest peak over the last 15 months. This is of course down from its famous peak of over $20K per share in 2017. But things are definitely trending that way again. Many experts say this is NOT a bubble again.
What’s interesting in listening to the Winklevoss talk about Bitcoin in the early days has to do with their outlook on crypto and comparing it with gold.
At the time, the Twins’ logic was that “Bitcoin’s going to disrupt Gold.”
“If Gold has a market cap of $7 trillion dollars today, and Bitcoin’s going to be worth $7 trillion dollars or more, this seems like a cheap asset.”
Check out the full interview in the video above from CBS with the Winklevoss for more insights on their Bitcoin investing success.