They once sued Mark Zuckerberg claiming he ‘stole’ the idea of Facebook but Tyler and Cameron Winklevoss have hit the bigtime becoming first Bitcoin billionaires.
An $11m (£8m) bet on Bitcoin, using their payout from the case more than four years ago, has ballooned by almost 10,000 per cent after last week’s price surge, writes The Telegraph.
This is believed to be the first billion-dollar return made by a cryptocurrency investor, ever.
Tyler and Cameron were students at Harvard University with Mr Zuckerberg and infamously won a $65m payout from the social network back in 2008 after they claimed Facebook was their idea.
Then, in March 2013, they used $11m of that payout to purchase around one per cent of the world’s supply of Bitcoin when one coin was ‘worth around $120’. A very smart move.
Speaking two years ago, Cameron said:
We’ve never sold a bitcoin, we’re in it for the long haul.
The twins aren’t the only ones believing in Bitcoin, take Didi Taihuttu for example.
The 39-year-old believes in Bitcoin so much, he sold his house for 85 bitcoin, somewhere in the region of £300,000 – he’s moved himself and his family to a chalet on the edge of a campsite in Venlo, in the Netherlands.
He believes the world is seeing a deep change in the way currency works and told UNILAD why he made those drastic changes:
We were realising more and more that life is not just about materialistic stuff – and I lost my father and mother along the way – so that’s why we sold our company and decided to travel.
While we were travelling we met people who were trading cryptocurrency and travelling.
My wife and children love travelling as well.
Suddenly we just came up with the idea of let’s go for it – sell everything and put it all in Bitcoin and live a minimalistic life for a while and see what life gives us.
Didi had been mining Bitcoin since 2010 but sold it all in 2013 – shortly before the value of the currency skyrocketed – which made a big dent in his portfolio.
Such a thing, Didi has come to realise, isn’t always a bad thing – he doesn’t have regrets because it’s still an experience he says he’s learnt from.
Didi told UNILAD nobody should be afraid of making drastic changes to their lifestyle, because you’ll soon realise the change isn’t all that drastic at all:
I realised I wanted to see my children grow up and for parents its a take-able step to go from having everything – three cars, motorbike, everything you want – to nothing, because we can adapt.
For the children it’s a little bit more difficult, we spoilt the kids for the first 10, 12 years of their lives so they have to get used to having less.
But the longer they’ve spent the more they start to understand and see that the thing we are doing is very big.
As well as realising the revolutionary changes which Bitcoin could bring, a personal loss fuelled Didi to change his lifestyle – his parents died at relatively young ages, his mother at 48 and his father at 61 – something Didi said was a realisation for him.
He said his only regret (despite not liking the term), was he didn’t spend enough time with his family – instead, he said, he spent all of his time studying, working or playing soccer.
At least he’s having fun with his family now!