Started with Facebook settlement: The Winklevoss twins gained prominence through their legal battle with Mark Zuckerberg at Harvard, leading to a 68 million USD settlement, portrayed in the film “The Social Network.” Although considered antagonists, they achieved real accomplishments, like being Olympic rowers at the 2008 Beijing Olympics.
Encountering Bitcoin in Ibiza: Their cryptocurrency journey started unexpectedly in Ibiza with Bitcoin priced at 10 USD. An investor described this currency as “the oldest social network,” sparking their interest in its potential to transform the financial sector.
Investment and success with Bitcoin: In 2013, the twins invested 11 million USD in Bitcoin, owning over 100,000 Bitcoin, nearly 1% of the market supply. They maintained faith in Bitcoin’s future, executing notable deals like spending 625 BTC on Virgin Galactic tickets, now worth 42 million USD.
Key role in Bitcoin adoption: They led major Bitcoin conferences, promoting it as a “viable fiat currency alternative.” When Bitcoin was at 100 USD, they filed for the first Bitcoin ETF, predicting Bitcoin could reach 20,000 USD in 2017, making them the first Bitcoin billionaires.