Dec 06

Winklevoss Twins Become Bitcoin Billionaires

The Winklevoss TwinsBack in April 2013, The Winklevoss Twins invested $11 million in bitcoin, at that time bitcoin was priced at only $120 each.

The bought around 91,666 bitcoins, currently the price of bitcoin has risen to around $13,000 per bitcoin.

The twins holding of 91,666 bitcoins is currently valued at… 91,666 x $13,000 = $1,191,658,000 nearly $1.2 billion.

The Winklevoss twins received $11 million from Facebook. In the movie “The Social Network”, it implies that the Winklevoss twins came up with the idea for Facebook. Mark Zuckerberg was hired to code the site, but ended up stealing their idea.

I don’t know how much truth is depicted in the movie, but the twins seem to have been helped by some good karma.

If they own equal shares in the bitcoin holdings, they can easily leverage their individual share to a value over $1 billion rapidly.

If bitcoin rises to $100,000 per coin, the holdings will be worth 91,666 x $100,000 = $9,166,600,000 just over $9 billion.

Some experts predict that the price of a single bitcoin will rise to as much as $1 million.

There are 3 ways to make money from bitcoin:

  1. Buy and hold bitcoin
  2. Trade Bitcoin
  3. Mine Bitcoin

Buying and holding bitcoin is not a feasible option for most people, it is only open to the wealthy. Most people can get started with trading and mining bitcoin, this requires little capital.

Short-term trading of bitcoin can be really rewarding and also highly risky. The price of bitcoin moves up and down rapidly, only experienced traders can make gains from these rapid price movements.

Mining bitcoin has become profitable again as the price has started to increase. If you are knowledgeable about mining operations, you create your own setup.

The other option is to purchase shares in mining pools from a cryptocurrency mining company.

I’m working with a company called “Power Mining Pool”, this company mines a number of the most sought-after cryptocurrencies and the trades them for bitcoin.

They also mine bitcoin, but other cryptocurrencies are sometime more profitable to mine and convert to bitcoin.

You can get started for only 50 euros + fees. This works out to around $65 or £49

Power Mining Pool also allows you to earn money from the referral plan. This can be used as leverage, if you are working with a small initial investment.

Click Here to join Power Mining Pool for free. Learn how the system works and purchase pools share once you understand the system.

It may be difficult to become a bitcoin billionaire, but it is possible to become a bitcoin millionaire. All you need to do is to accumulate 10 bitcoins and once the per bitcoin reaches $100,000 you will become a bitcoin millionaire.

A number of people have already become bitcoin millionaires, as they have accumulated over 100 bitcoins.

My prediction is that bitcoin will rise to around $25,000 per coin by the end of 2018. At this price you will need to accumulate around 40 bitcoins.

Just to be on the safe side, go for 50 bitcoins. I’m looking at around 100 bitcoins within 2 years (24 months). This is a realistic goal as the Power Mining Pool is designed to create leverage.