Bitcoin Billionaires Winklevoss Twins Made $479 Million In 48 Hours. What Did You Do All Week?
There are some things money can't buy. For everything else, there's a shitload of cryptocurrency.
Earlier this week, we wrote about the infamous Winklevoss twins, two entrepreneur brothers from Harvard that made a fortune off a successful lawsuit against Facebook.
Reuters
Cameron and Tyler Winklevoss claimed Zuckerberg stole their idea for a social network, called HarvardConnect, and repurposed it for his own gain as Facebook. They filed a suit in 2004, later winning a $65 million payout from the company in 2008. Of course they weren¡¯t happy to just sit on that money.
The Winklevii (as they¡¯re known) invested $11 million of that sum in 2013 into the then nascent cryptocurrency known as Bitcoin. They purchased around 100,000 Bitcoins, roughly one percent of the entire supply in the world, at a paltry rate of about $120 each.
Our story on Monday showed that Bitcoin had shot up to a whopping rate of $11,395, the highest it had ever been. Thanks to that, the Winklevoss twins became the first official Bitcoin billionaires (aside from the yet unknown creator, Satoshi Nakamoto) with a holding of approximately $1.13 billion. So what¡¯s happened in five days you ask?
Why, Bitcoin¡¯s value has skyrocketed eve higher of course. As of the time of writing, the latest value of the cryptocurrency is $16,185. That translates to a little over $1.61 billion in the Bitcoin wallet of the Winklevii.
Basically, the Winklevoss brothers made approximately $479 million dollars this work week, doing absolutely diddly squat.
And here you are, reading this story with Facebook open in another tab, and a smartphone in your hand with WhatsApp open. Maybe even Instagram. Or you¡¯re making weekend plans. How are you ever going to get that appraisal you want this way.
Get back to work slacker.
