The Winklevoss Twins and Their Crypto Ventures
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All revolutionary changes in the world will come with supporters and detractors. There are those who believe that cryptocurrency will become the next big thing and it will have more value than gold. Then you have those who feel that this is a bubble that is waiting to burst and there is nothing that anyone can do to keep this from happening.
The truth is that there are too many mixed feelings bout this and that has become something fairly problematic as this as made it harder for a large number of people to consider getting involved. That is the reality behind the world of cryptocurrency and there are way too many people in line who want to find out just what they can do in order to help get rid of this problem.
Now, we have a small group of people in the world who have managed to become very wealthy by getting involved in cryptocurrency. Two of them have managed to make millions with this new phenomenon and today we are going to talk about two of the most notorious. They are the Winklevoss twins and the entire world has their sights on them in order to find out how they made their fortune.
The Winklevoss twins are 36 years old and they never pull any stops when trying to express in public their love for Bitcoin even when this was nothing but a simple idea to do business in the online. They have been supporters from day one and it was them who challenged the skeptics by saying that one day this would become an asset as valuable as gold or actually even more.
These young men area athletes who were finalists in rowing in the Beijing Olympic Games in 2008. They set their sights on this new phenomenon and they saw that it was going to be a golden opportunity. They also created an exchange rate, known as the Gemini, and this is now used as a reference.
The Winkelevii – as they are also known by the media, have invested a total of $11 million in Bitcoins. Their worth is huge but the problem is that some people believe that the coin will collapse in value and this would leave the twins with nothing in their pockets. At the moment his prediction has not only met, but that is crushing the precious metal, it was worth 10 times less this Wednesday.
They have also known worldwide for something even more important. They actually sued Mark Zuckerberg as they claim the idea for Facebook was theirs and that he stole it from them. The settlement ended up in them receiving $11 million dollars and they used their money to capitalize on the growing value of Bitcoins. They turned that money into a whopping 1 billion dollars with the investment in Bitcoin.
You might wonder what can be done with a billion? The first thing they did was get a ticket with Virgin Galactic in order to go to space. They have been assigned as the astronauts 700 and 701. They are certainly enjoying a very enviable lifestyle with all of their wildest dreams being turned into realities.
Two years ago after they made their predictions, the Bitcoin was worth $265. Its value had collapsed, a 60%. Both Tyler and Cameron insisted during a presentation to investors that this was a clear opportunity to purchase, although admitting that the currency would be needing some help from investors.
The Bitcoin has now in fact turned into a very safe investment. The truth is that some will still say that this is very dangerous idea to get into because of the many things that could go wrong with the world of cryptocurrency, but the biggest issue is to allow any of these fears to keep people from getting involved.
There are many ways in which this could end up being a completely powerful opportunity for anyone to invest little and get a lot in return, but it could also be a bubble that will indeed burst as many experts are fearing and this is going to leave a large number of people with virtual wallets full of worthless coins.
Most people have no idea how this will turn out, but there are only two kinds of individuals when it comes to cryptocurrency. Those who take their changes and those who don’t. The Winklevoss twins took their chances and they made a fortune, but perhaps some will be quick to say that it’s easy to invest millions when you win them on a legal settlement, but not as easy to get your hard earned money on the line for something that seems like a 50/50 situation people to win or to lose.
With that said, there is no way to deny that the world of cryptocurrency is moving forward day by day, and right now, those who are investing in cryptocurrency are seeing the benefits, but those who are investing in new opportunities like Ethereum are the ones who will become the next millionaires if it ends up with a significant increase in value like Bitcoin did.
There are way too many things that can happen an way too many variables. Perhaps the twins are not the perfect example for the average person who would be putting their life savings on the line, but there is no way to deny that there is a huge appeal in this investment.
We already know that those who decide to get involved the earliest are going to be the ones that are able to achieve the best results, but this means that Bitcoin is no longer the most appealing investment due to how much the value has grown. The best bet is to look into those coins that have lower value now with a promising future.
Who knows, you might end up being the next big sensation that made millions out of a small investment, but one things is for sure, we are just getting started with the wave of success stories in the cryptocurrency world.
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