Investors Tyler and Cameron Winklevoss may be among the first bitcoin billionaires in the world, thanks to them spotting an opportunity and riding a trend.
When the twins were awarded $65 million in cash and Facebook stock after a lengthy legal dispute with Mark Zuckerberg, they used their windfall to take a risk: They backed bitcoin, and the decision paid off massively.
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.
That month, The New York Times reported the twins' bitcoin holdings were worth about $1.3 billion and that they held an additional $350 million in other cryptocurrencies like Ethereum.
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