It is not often that you find people in the world who are as gritty and as determined to strive ahead with what they believe in, no matter if literally the whole world ridicules that venture as we have all witnessed with the Winklevoss twins. These brothers have for long been daring the odds, while enduring ridicule from detractors, from their striving to become Olympic athletes to their legendary dispute with Mark Zuckerburg over the ownership of Facebook, the Winklevoss twins have been fighting for very long, and it might have just finally to paid off.
After their epic battle with Zuckerburg which ended in a settlement where they got $65 million as a pay-off, the brothers went ahead to invest a whopping $11 million of that into little known virtual currency by the name of Bitcoin when it was trading at just under $10 per coin. Again at the time, the twins were ridiculed in the media for being too stupid to invest that kind of money to buy 120,000 of what is a completely unknown and probably fraudulent virtual currency that seems to come out of thin air.
The sheer negative media spotlight could have cracked anyone into backtracking, but not the Winklevoss twins who somehow knew they had quite the gem in their hands and as such were not going to let anyone bully them out of it. Fast-forward to 2017 and Bitcoin has been consistently trading for over $15,000 per coin for months now, and the world looks back at such a time when the twins were considered outrightly crazy for taking such an unquantifiable risk with such kind of money, with bowed heads.
The twins’ Bitcoin holdings is presently worth over $1.5 billion making them among the few known people who have been made billionaires on the back of the meteoric rise of the virtual currency. And if you thought, this huge surge in value, with the intermittent wild slide it frequently experience was going to trigger a sale-off from them, you still are underestimating these two, as they have taken extensive measures of storing their Bitcoin private keys cut into minute papers, divided and saved in safe deposit boxes all over the US to ensure it is downright impossible for any hacker to gain access to it which would be quite the heist of the century.
In their own words, the twins have absolutely no intention to sale as they firmly believe the king of all cryptocurrencies has yet to reach its full bloom. They say that Bitcoin is quite the asset that will remain absolutely relevant for decades to come, and that if it didn’t turn out to be that way, they’d rather live with the disappointment it didn’t live up to expectation, then sell themselves short and live with the bitter resentment such a sale will leave them with for the rest of their lives. Bitcoin has since stabilized after experiencing what experts have termed as a price correction, and is trading at just over $15,000 as at the time of writing this after sliding to $11,000 from $20,000 in the past week. And as far as the indicators are concerned, it seems that the Winklevoss twins are the ones who will laugh the last along with their fellow early adopters of Bitcoin.