Winklevoss Twins Bought 200000 Bitcoins @ $7: Author of Bitcoin Billionaires

Winklevoss

Winklevoss Twins Bought 200000 Bitcoins @ $7: Author of Bitcoin Billionaires

The Social Network movie was released in 2010, which told the untold story about the beginning of Facebook. Until that time, Mark Zuckerberg was already a billionaire and was successfully running the largest social media platform in the world.

Out of many others who contributed to Facebook apart from Mark showcased in the movie, the Winklevoss Twins, Cameron and Tyler, were one of them. They had accused Zuckerberg of actually stealing the idea from them and then making it his own.

Also Read: Not Facebook, Cryptocurrency Will be The Strongest Social Network: Cameron Winklevoss

Moreover, the story of the founding of Facebook on which the movie is based was written by Ben Mezrich: The Accidental Billionaires. He has released another book on the identical twins from that story, Bitcoin Billionaires. 

Bitcoin Billionaires is the story of these two brothers after their legal battle with Mark Zuckerberg over Facebook. The American Olympic rowers were apparently always ahead of the innovation curve; first with Facebook and now Bitcoin. 

Reportedly, the brothers received a settlement of about $500 million in stocks and signed a Non-disclosure agreement. Ben Mezrich said that the twins spent just $1.4 million when they bought about 200,000 Bitcoins at $7 each during its early days. He told CNBC in an interview,

“They bought about 1% all of Bitcoins. At $20000, they were worth $4 billion and at $8000 they are worth close to $2 billion.”

On Bitcoin and cryptocurrency, Mezrich has confidence in cryptocurrency due to its viability and innovation. Furthermore, since Bitcoin is the first most popular solution in the space and Winklevoss twins are pioneers of the space. He decided to write a second book on Winklevoss twins after The Accidental Billionaires.

Also Read: ‘Cryptocurrency is not Going Away’: Winklevoss Twins Talk About their Early Days in Bitcoin

According to Mezrich, the duo is absolute ‘believer’ in Bitcoin and they have worked towards building viable solutions for its trading with the Gemini Exchange.

Do you know about other early purchasers of Bitcoin? Please share your story with us. 

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Winklevoss Twins Bought 200000 Bitcoins @ $7: Author of Bitcoin Billionaires
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Winklevoss Twins Bought 200000 Bitcoins @ $7: Author of Bitcoin Billionaires
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The Social Network movie was released in 2010, which told the untold story about the beginning of Facebook. Until that time, Mark Zuckerberg was already a billionaire and was successfully running the largest social media platform in the world.
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Nivesh Rustgi 372 Articles

Nivesh from Engineering Background is a full-time Crypto Journalist at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes and reach out to him at nivesh[at]coingape.com

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Nivesh Rustgi 372 Articles

Nivesh from Engineering Background is a full-time Crypto Journalist at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes and reach out to him at nivesh[at]coingape.com

Follow Nivesh @